Page 93 - Why We Want You To Be Rich - Donald Trump, Robert Kiyosaki.pdf

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CHAPTER SIX

INVESTING

To WIN

Robert's View

Donald and I share the same concerns, and we want you to be rich, so
what are our solutions?
One day, during a brief meeting in his office, Donald simply said, "I
invest to win. Don't you?" With that statement, the defining difference
appeared. He and I invest to win, while others invest not to lose.
We've talked here about the advice, "Save money, get out ofdebt, invest
for the long term (generally in mutual funds) and diversify." Late that
afternoon, Donald and I discussed how we did not focus on saving money.
In fact, we are both millions ofdollars in debt - but good debt. We do not
diversify...at least not in the context that most people use the word diversify.
And while we are definitely long-term investors, we do not invest in mutual
funds, at least as a primary investment vehicle. Why? Because we invest to
win.
Donald and I started talking about how our books were different and
more popular than those of other financial authors. Again, the obvious
became more obvious. "Most financial authors tell their readers to live below
their means," I said. "One author recommends not having that daily
cappuccino and saving the cappuccino money in mutual funds instead - so
that later in lifeyou will become rich. Youand I do not live below our means.
We like being rich. We expand our means. When we write or teach, we
encourage others to be rich and enjoy the good life."
Pausing for a moment, Donald smiled and said, "Youknow, you're right.

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