Page 296 - Why We Want You To Be Rich - Donald Trump, Robert Kiyosaki.pdf

290 I PART FIVE

investment. People are 'gooa or~1)acf iI,vestors":,i 'lnvesting is not
risky; people are risky.
Robert's rich dad used to say, "There is no such thing as a bad
investment, but there sure are a lot of bad investors."
Ninety percent of the investing public wants to be given the
magic formula, the answer that will make them rich. There are
three problems with this. First of all , there are millions of ways a
person can attain great wealth. With the birth of the Internet, even
more billionaires, millionaires and rich people have and will be
created. So the first problem is: Each person needs to find the
magic formula that fits him or her best. The second problem is:
People who look for amagic formula often fall prey to people who
sell magic formulas - forrnulassuchas, "Turn your money over
to me for the long term, and I will invest it for you." The third
problem is: Most peoplecannotfollow a formula for long -
which is why, for example; there are so many different diets being
sold, generally to the same people.
If you choose to be one of the many people who are not
committed to being partof the 10. percent, then you know what
advice to follow: "Save money, get out of debt, invest for the long
term and diversify." However, Robert and Donald would caution
you to start as early as possible and save as much as you can
because you will need a lot of time and a lot of money to do well
using that formula.
If you are committed to being one of the 10 percent of people
who earn 90 percent of the money, then it takes focus and
commitment - your focus and your commitment!
You will need to find your own magic formula.

WHY WE WANT You To BE RICH