How to Get Rich and Successful Without Working Your Way Up the Corporate Ladder
How to Get Rich and Successful Without Working Your Way Up the Corporate Ladder
A lot of people are depressed because they work hard and spend a lot of time in the office, but they still aren't successful. A lot of people consider their professions as a way to express themselves and feel fulfilled, yet most people think of success in terms of money. They strive to deal with the never-ending work, unrealistic deadlines, and stress at work, but none of these things have gotten them closer to being financially secure. To make things worse, a lot of successful businesspeople and highly motivated young professionals are always sick and fatigued. The huge effect on their health made their profession feel more like a curse than a blessing. It's hardly surprising that people spend millions of dollars on health care every year because of stress and other work-related worries. The uncontrollable desire to succeed had sent a lot of people to the hospital or the emergency department for both physical and mental health care.
Millions of people in the US work at least 40 to 60 hours a week. They do this because their assumptions about success are based on the following:
Do well in school so you can acquire a nice job.
Get a job with a big company or corporation.
To get noticed and receive a raise, which means a higher wage, you need to work hard at work.
Make sure you have enough money for retirement and pensions and get the kids through school.
Millions of people have attempted this strategy for success, but not everyone reaches their goals, at least not when it comes to money. In fact, some success finance and success experts doubt the wisdom of the strategy. They believe that there are alternative ways to be successful that don't involve the stress and worry of moving up the corporate ladder.
Robert Kiyosaki is one of these gurus who doubts the effectiveness of the traditional approach. He is an author, businessman, investor, and motivational speaker. His book "Rich Dad, Poor Dad" is what he is most famous for. He talks about the two contrasting pieces of advise he got from his "rich dad" and "poor dad" in his book. Kiyosaki says that his "poor dad" was a competent and well-educated man, but he wasn't able to make money. He added that his "rich dad" wasn't very good at school but was very good with money and knew a lot about the street. He also writes about the melancholy, stress, and anxiety that many individuals feel when they think that their education and jobs will immediately lead to financial prosperity.
One of the most crucial things his "rich dad" questioned him was, "Why do you work so hard for something you'll never own or be able to pass on to your kids?" Kiyosaki said that question makes you believe that having a steady work might not be the best way to get money after all.
He also talks about something he calls the "Cashflow Quadrant." Kiyosaki says that the Cashflow Quadrant shows how different kinds of people make money or wealth. To have a better idea of what it means, draw a basic cross on a blank piece of paper. Write the letter "E" in the upper left quadrant. This stands for "Employee." Put the letter "S" in the lower left quadrant. This stands for "Small Business Owner" or "Self-Employed." Put the letter "B" in the upper right corner to stand for "Big Business." And in the lower right quadrant, write the letter "I," which stands for "Investor." Kiyosaki argues that a lot of "E" people are focused on resources when it comes to their profession and their lives. These people need their current resources, such their degrees, cash on hand, stable jobs, and good health, to be successful. Kiyosaki says that most workers think this way. The "S" folks, on the other hand, can make money by running their own business. Kiyosaki says that the "E" and "S" people don't usually make enough money to be able to retire comfortably. These people can retire with some money, but only after working hard for decades. Kiyosaki says that being in these quadrants is not the ideal choice since an employee could lose his job and his health, which would make it impossible for him to execute his job. Small business owners can see big changes in the market that hurt their profits, or their own company could go bankrupt.
On the other hand, folks who work for Big Business ("B") and Investors ("I") are the ones who can actually get rich. What is the difference? Big businesses and investors make money because they can leverage other people's skills and knowledge. The people in the "B" and "I" quadrants don't do all the job themselves, unlike those who are self-employed or operate a small business. They let the professionals do the work based on what they want to achieve or how much money they want to make. People in the "B" and "I" quadrants don't have to work hard for their money; they let it work for them. Kiyosaki talks about several financial tools, tactics, and stories in his books that show individuals how to make their money work for them. He talks about this idea using the phrase "active income vs. passive income." The key thing he says about money is that individuals should learn how to invest in things like real estate that they can rent out so that they may make money without having to work. He also says that the amount of tax that needs to be paid goes down as the value of the property goes down. This doesn't cause any long-term financial problems for the investor. According to Kiyosaki, people need to be financially literate and have the correct mindset in order to know how to take the best road to financial freedom. Kiyosaki's books don't precisely show you how to get rich step by step, but they do provide you some great ideas for how to avoid ruining your finances. He focuses on changing people's mentality, which means going from being resource-oriented to being opportunity-oriented. Robert Kiyosaki would normally state in a typical financial counseling session, "The size of your success is measured by the strength of your desire...the size of your dream...and how you handle disappointment along the way."
It is true that being able to deal with disappointments is important for both your mental and physical health. The secret to actual success is having the appropriate attitude about money and life in general. After all, being financially successful without being healthy is just a bad deal.
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