Page 25 - Midas Touch

“Safe as money in the bank.” (It must not be

very safe then.)
“The government will solve the problem.”

(You’re in trouble.)

I am sure you can add your own favorite con jobs to this list.

You Don’t Know What You Don’t Know
Although rich dad warned me about John and Stanley, he did not try to

stop me. Instead, he would say, “Children do not know what ‘hot’ means
until they touch the stove.” So, he let me touch the stove.

His real lesson was: “You do not know what you do not know.”
Entrepreneurs learn quickly. He would say, “The moment a person quits
his job and becomes an entrepreneur, what he does not know will
immediately appear.”

One reason why 9 out of 10 businesses fail in the first five years is because
the entrepreneur becomes overwhelmed by what he does not know. It is
what he does not know that destroys the business, even if he did well in
school.

Con Men Are Great Teachers
Rich dad used to say, “The moment you begin your business, the con men

and women will appear.” He did not say con men or con women are bad. In
his mind, con men and con women appear to do you a favor, to teach you
lessons you need to learn. This is why he often said, “Con men are great
teachers.” He also added, “Just don’t become one of them.”

He taught me, “One of the most important jobs of entrepreneurs is to
protect their employees from the real world.” By this he meant that the
world of business is one of the most hostile, vicious, and dangerous

environments you can work in. One of the lessons I had to learn in my
development as an entrepreneur was how to protect my employees from
the real world.