7/27/2019 How to Become a Capitalist

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7/27/2019 How to Become a Capitalist

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Posted on: Tuesday, September 10, 2013 | Comments (2) | Written by: Robert Ki yosaki

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Because I had two dads with differing attitudes on education, I became aware there were two types of education.

Traditional schools were for those who wanted to be successful in the E and S quadrants. But another type of

education, financial education, was for those who wanted to be successful in the B and I quadrants.

My story

In 1973, I returned from Vietnam. It was time for me to make up my mind about which dad I was going to follow. Was I

going to follow in my poor dad's footsteps and go back to school to become an E or S, or take my rich dad's path and

become a B or an I, eventually to become a capitalist?

That year, my rich dad suggested I take classes on real estate investing. He said, "If you want to be a successful

capitalist, you must know how to raise capital and how to use debt to make money." I took his advice and attended a

three-day workshop on real estate investing. It was the start of my education into the world of capitalists.

A few months later, after looking at over 100 properties, I purchased my first rental property on the island of Maui,

using 100 percent debt financing and still putting $25 cash flow in my pocket each month. My real-life education had

begun. I was learning to use other people's money (OPM) to make money, a skill a true capitalist must know.

In 1974, my contract with the Marine Corps was up, and I took a job with the Xerox Corporation in Hawaii, not

because I wanted to climb the corporate ladder but because Xerox had the best sales-training program. Again, this

was all part of my rich dad's financial education program to train me to become a capitalist.

By 1994, Kim and I were financially free, never needing a job or a company or a government retirement plan. Rich

dad was correct. My education could set me freebut not education found in traditional schools.

Most likely, you're well versed in traditional education. We all go to school as kids, and most of us attend college. But

if you're interested in financial education, sometimes you don't know where to start. That is why Kim and I started The

Rich Dad Company, to provide the best financial education through books, interactive tools, conferences, coaching,

and classes on business and investing. Even if you dont take a look at any of the financial education we offer, Iencourage you to seek out financial education provided by someone else. Its that important.

bogdan

9/11/2013 4:30:33 PM

This made e think abot a title for a new book : "I want to be ARICH DAD for my children"

bogdan

Wednesday, September 11, 2013

This made me think about a title for a new book "I want to be A RICH DAD for my children"

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9/20/2013