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272 I CHAPTER TWENTy-FOUR

                                                   1. The Rat Race. The rat race is where most people are. Again, these
                                                       people, ifthey invest, invest primarily in paper assetssuch assavings,
                                                       stocks, bonds and mutual funds.

                                                   2. Small deals and big deals. These small deals and big deals are where
                                                       most people get their financial education and some actually make it
                                                       out ofthe rat race.


                                                   3. The Fast Track. The fast track was created in 1933, by Joseph
                                                       Kennedy, father ofPresidentJohn Kennedy.
                                                       The fast track wascreated for rich investors with financial education
                                                       and experience. The problem is, many rich people do not have the
                                                       financial education and many lose their fortunes to unscrupulous
                                                       promoters who prey on people with money.


                                                   So there are basically two kinds of rich people: 1) people who made
                                               their money and have the required financial education and experience to
                                               invest on the fast track, and 2) people who have a lot ofmoney, but little-to-
                                               no financial education and experience.
                                                   Self-madepeople are lessafraid oflosing their money because they know
                                               they can make it back. People who came into their money by other means
                                               have two choices, the same two choices people who do not have money are
                                               faced with -  get educated or turn their money over to a competent and
                                               trustworthy professional.
                                                r,                   a:,      Every year, you will read in the paper

                                                                           about a sports star or movie star who lost
                                                    If you are not         everything to an unscrupulous promoter.

                                                  doing what you           You will also read about a rich, old person
                                                                           who has his or her money stolen by a relative
                                                   love, then start
                                                                           or trusted caregiver. It is a very common
                                                  doing it, even if
                                                                           story. And we have all heard ofpeople who
                                                 it is only part-time.     marry and then lose their money. One ofthe
                                                                           more infamous stories oflate isAnna Nicole
                                                  - Robert T. Kiyosaki
                                                                           Smith who, at 26 yearsofage, married a man


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