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Financial IQ 1:Making more money
The first step is to decide what the best way for you to make more money is.
I'd decided that the best way for me to earn money was as an entrepreneur,not an airline pilot or ship's officer.I knew that if I were to become an entrepreneur , I needed sales skills. There was only one problem:I was terribly shy and dreaded rejection.
Controlling the highs and lows of my emotions, and delaying short-term gratification ,was essential in developing my financial intelligence.
One of the toughest lessons I had to learn from my rich dad was to stick with the process until I won.
You can quit when you win,but never quit because you're losing.
Choosing the next challenge carefully,ask yourself
What will my life be like if I take on this challenge and succeed?
The great movie,The Miracle Worker, once said
Life is a daring adventure...or nothing.
Life is about learning,and learning is about adventure.
True intelligence is about learning to solve problems in order to qualify to solve bigger problems. True intelligence is about the joy of leaning rather than the fear of failing.
A job is not an assets
Assets put money in your pocket whether you work or not.
Why the rich get richer
One of reason the poor and middle class struggle is that they work for money and a steady paycheck.The problem with working for money is you have to work harder, longer, or charge to make more money.The problem with physically working harder and longer is that we all have a finite amount of time and energy.
One of the reasons why the rich get richer is that every year they work to build or acquire more assets.Adding more assets does not require working harder or longer. In fact, the higher a person's financials IQ,the less he or she works while acquiring more and better-quality assets.You see, assets work for the rich by producing passive income.