Rich dad and poor dad: Should we put our eggs in the same basket?

The third part is to really implement these financial principles and operate things at the operational level.

First, you must overcome your fears. The biggest difference between the rich and the poor in financial management is that they have different attitudes towards failure and loss. The poor are often particularly afraid of losing money. He may have never lost money in his life. But do you want to ask the rich man if he has lost money in his life? He may talk endlessly about how he lost money in investment and how to manage money.

The rich will try a lot, so they will lose a lot, while the poor will never do such high-risk things because they are very afraid of loss. This attitude determines that their financial management results are completely different. Starting from this thinking logic, you will find that many so-called common sense of financial management are popular among the poor. For example, financial institutions or accountants often advise you to save money quickly and find a safe investment channel for your money.

There is a plan that everyone thinks is more scientific: you should save 50% of your money, invest about 30% in some projects with relatively stable rate of return, and make some relatively risky investments with the remaining 20%.

It contains a truth: don't put eggs in one basket. For an ordinary person who has no idea about assets and financial management, it will really save some money and get more benefits. This portfolio is suitable for 70% or more people.

This is a very balanced and safe portfolio, but it is not a portfolio that can make you money. This scheme will never make you rich. Most people are not particularly successful financially because they are particularly safe.

The logic of the rich in dealing with wealth, in a simple sentence, is that if you want to learn to ride a bicycle, you must first learn to fall off it. In the financial plan specially recognized by ordinary people, the first consideration is to avoid losses rather than profits, but the successful investor did not pursue balance from the beginning, which made him successful and gained wealth freedom.

Willing to take risks and fearless in dealing with losses will be particularly useful for wealth appreciation, because investment conforms to the power law distribution. Of all the investments you have made, the ones that can really bring you the greatest benefits should be a few investments that account for a very small proportion in quantity.

Robert? Kiyosaki has assessed that two or three of every ten investments are basically profitable and two or three are losses, which means that it is not the vast majority of projects that make his wealth free, but two or three projects that make money.

The same is true of all kinds of venture capital institutions that invest in start-ups. There are very few projects that can really make them profitable, and most of them don't make money, lose money or even lose money. However, the income from those projects is enough to cover the vast majority of projects that do not make money, lose money or even lose money. Investment is such a thing.

Extending from here, you will find a very important concept in entrepreneurship methodology, called All in, which literally means that as long as you devote yourself wholeheartedly, your entrepreneurship will be successful.

If you are still doing your own work, it is often difficult to succeed in your spare time. When the project was first tested, many people did start to work part-time, but the success was often to quit all their original jobs and devote themselves wholeheartedly. Even if the project is unprofitable for a long time, he is willing to take a gamble and take the risk.

This is because it is understandable that the risks of projects that can really bring benefits should be great, and we should take the initiative to give up the mentality of seeking stability. Only in this way can we do it well. This value is similar to the principle of financial management just mentioned, that is to say, in the commercial market, opportunities with particularly high returns must be hidden in very risky choices, and risk equals opportunity.

Therefore, for the poor and the rich, everyone has different views on losses, which determines whether your financial management is successful or not. The way of thinking of smart rich people is to be able to look at this loss very calmly and objectively and tolerate it.

Of course, the surrounding environment is poor and middle class, not rich, so it will affect our view of losses. That's why Robert. Kiyosaki, a person who popularizes the scientific concept of financial management, often feels abnormal about what they say because of the noise around him.

The first thing you should learn is to distinguish yourself from most people and not be disturbed by their noise. In fact, in human society, there are many cases where this kind of noise interference leads most people to make very stupid decisions.

In the 1950s, all the news media were talking about the hegemony between the United States and the Soviet Union. One of the most important points was that they all had nuclear bombs. A topic that the news media love to discuss is whether the world will sink into a sea of war in Wang Yang once the two countries go to war, and all mankind will be destroyed.

There are many ridiculous things. For example, after reading reports and conjectures about nuclear war, many people will repair some so-called radiation protection things at home and store a lot of food and water at home. Now it seems particularly ridiculous. Two years ago, the earthquake in Tokyo, Japan caused a nuclear power plant leak, and many people were worried about nuclear radiation. People in China ran to the supermarket to grab salt and made a lot of jokes.

What is reflected behind this incident is that most people's way of thinking is to be afraid of losing money first. Because we are afraid of losing, we will make many reactions in our behavior, and many times this reaction has no scientific basis at all. This situation causes everyone to react as soon as there is any bad signal that may cause losses, as if the sky is falling.

Every day, various so-called financial experts exposed in the media criticize China, sometimes talking about the debt crisis, sometimes talking about the aging industrial structure, and often get the consent of the overwhelming majority. Today's headlines and other news online spray a lot, all kinds of pits in China, saying no, the country will collapse, are all of this kind.

This sentiment is popular because it captures the fear of losing money of most people. People tend to exaggerate a negative thing, so we especially like the opinions of such experts, who basically eat this kind of public opinion.

Therefore, if a person makes a particularly radical reaction to this negative thing, it often shows that this person is a risk-averse person in investment, particularly stable in financial investment, and the final financial situation is particularly passive.

It can be inferred that you must be very enlightened when you look at other people's views, because there are many things that our existing knowledge structure does not understand. When you see a new thing that is different from your original idea, your first reaction should be to think about its reasons.

If the first reaction is to refute him and say that he is talking nonsense, it is often difficult for you to really understand the thinking logic behind this different view. Financial investment conforms to the 28 rule, which means that most people think it is a good investment project, but it is not really good.

Your judgment on business opportunities should be as inclusive as possible, and you can be eclectic and hear different opinions. Because it is very likely that opinions different from most people represent future opportunities. The media's views on startups are completely different from those of entrepreneurs in the entrepreneurial circle. The views of the media often cater to the public, and they are all spray projects.

For example, in Aauto Quicker, all the media basically think that this product caters to the three customs of the urban-rural fringe. However, if an APP can reach hundreds of millions of users, it must be very complicated. It's not that simple. It just caters to people's ugliness. Such a simple logic cannot be so big.

If you take the time to really understand this short video platform, how this product is positioned, and how to attract the first batch of users, you will look at this entrepreneurial project more rationally, look at this Internet product objectively, and understand the psychological characteristics of Internet users will be by going up one flight of stairs.

When insiders see an entrepreneurial project, the first thing that comes to mind is why it can grow, not how to treat it emotionally. This is also why entrepreneurs are more likely to get wealth, and public opinion is often easy to give birth to some keyboard men. Being a sprayer is cool and can make a difference, but you will get farther and farther away from the real business opportunities.

Robert? Kiyosaki will listen to Peter, the godfather of investment, when investing. Some speeches by Lynch. When he first listened, his first reaction was to strongly disagree. He thinks this view is definitely wrong, but he knows that real wisdom and real opportunities must be mastered by a few people, so he doesn't simply list a few reasons to prove that he is wrong.

He put Peter? Lynch's speech was recorded repeatedly until he heard it and found it reasonable and valuable. Is that how he understood Peter? Lynch's whole investment logic and philosophy.

Don't jump to conclusions about things you don't know. All investment markets are the same. It's always a game of cutting leeks. It is always a few people who make money. Most of them are reading with the prince, that is, playing soy sauce. Your role is to transfer wealth to others. What you really need to do is not to denounce the unfairness of this situation, but to study its laws.

If you can study how to be a minority, then you can beat the vast majority of people in the wealth market. This is a game for the brave, belonging to those who are willing to embrace risks and are not so afraid of losses.

Second, pay yourself first.

There are many expenses in our life, usually you have to pay others. When we go to the store to buy discounted goods and luxury goods, it is an opportunity for us to pay others. As long as we don't give money to others, you should slow down and try to pay yourself first.

Pay yourself first, that is, you have to invest your money in assets that can bring you cash flow. If most people owe money to a bank or someone, their first reaction is always to repay it quickly, preferring to scrimp and save rather than be chased by others.

My friend bought a house and mortgaged it for 30 years. He will tighten his belt and pay off all the loans in advance within five years. His thinking logic is that it feels bad to be in debt for 30 years.

If you do this, it will be very bad in a few years, and you will basically be in a state of austerity and live a tired life. Robert? Kiyosaki believes that if you encounter some good assets, you should invest first as long as you have money on hand. This is called giving yourself priority. You might say, people can't ask you for money every day. In fact, creditors will always scream loudly, so you don't have to worry so much.

If you spend the only money you have to buy some assets, the appreciation of these assets will bring you more cash flow. If you have no money to pay them back, they will put some pressure on you, but they will force you to make more extra efforts or find more additional assets.

Robert? Kiyosaki means that your choice is tantamount to pushing yourself to a better road, which will make you think more seriously about how to make Qian Shengqian more efficient and faster, earn more cash flow, and become smarter when using money.

Most enterprises or individuals go bankrupt because of poor management. It is seldom heard that they are crushed by foreign debts. Generally speaking, if you give in and give them all the cash flow, you will lose most opportunities to go to Qian Shengqian.

If forced to give priority by the government and banks, they will often fall into the trap of the middle class and live more and more tired. Basically, you are working for the boss, the government and the account manager of the bank, but don't carry too much debt burden.

One way is to keep expenses low. Most of the debts are credit cards owed to banks. You should spend money on assets first Robert? Kiyosaki said that he fell into this financial dilemma many times and was surrounded by many creditors. Every time he bought the only money into a better asset, he gained more cash flow, not only avoiding the danger of being surrounded by creditors, but also creating more wealth.

Poor people have a very bad financial habit, that is, they always misappropriate their savings. Rich people think that savings can only be used to create more income, not to pay your bills. People who really pay themselves first will not only use their savings to pay their daily bills, but also will not be willing to pay out these assets when they have income.

Robert? Kiyosaki is looking for more potential stocks. After the money is invested, the principal will be recovered when the stock rises, and the proceeds will continue to be placed inside. At this time, you don't have to worry about the rise and fall of the stock market, because the money inside is a legitimate interest anyway. If it can go up more, it will certainly be better, and it doesn't matter if it loses.

He put the prepared principal into other projects, and then let the asset continue to increase in value as much as possible.

Robert? Kiyosaki has a little suggestion. You can use your desire to stimulate your financial knowledge.

He has a friend with good family conditions, so his children have developed the bad habit of spending money indiscriminately since childhood.

When a child is sixteen years old, he asks for money from home and a car, so he has the psychology of keeping up with the joneses. Robert? Kiyosaki gave him a suggestion, saying that he should make the best use of his child's desire to buy a car and inspire him to learn some knowledge. You can give him $3,000 and tell him: This $3,000 is an education fund, which can be given to you now, but you can't buy a car with this money. You can buy stocks. If you can fry this $3,000 to $6,000, you can use this $3,000 to buy a car.

If he really gets $3,000 to $6,000, he can earn a car, and the principal of $3,000 can continue to be used for college education, which is an ideal result. As a result, the child was very excited for the first few days and did make some money. Within a few days, he began to lose money, and the 3000 yuan was left 1000.

For him, this is not a simple problem of losing money, but it means that his desire to buy a car is going to be yellow. When he was in a hurry, he went to study The Wall Street Journal, paid attention to market trends, borrowed books related to finance from the library, studied every day, and stopped watching variety shows he usually liked.

So he is under great pressure. More importantly, he gradually became interested in investing and became less interested in buying a car. As a parent, you would rather lose all his money when he is sixteen than wait until he is thirty or forty. As a teenager, the cost of losing money at present is relatively low, and it can also motivate him to learn something. It is very helpful for him to have the concept of financial management at such a young age.

Especially in the stock market, he tests people's psychology very much and quickly exercises this person's strong desire for control. After mastering the law of money, money can be used by him at this time. This is a completely different state.

This book tells us that the most important concept is to learn to distinguish between assets and liabilities, and then try every means to invest money in assets instead of liabilities. Adhering to this concept for a long time may change and help our lives.