There's got to be a difference between the type of person who strike it rich and the average Joe, but what is it, really? This question is an important one, and it should be given the thought it deserves. There are plenty of easy, oversimplified responses, including, "Their family is rich," "They won the lottery," or "They have great careers." But these factors can't always be controlled by the individual experiencing them-- is wealth really dictated by the luck of the draw?
Unfortunately for these people, however, being lucky isn't all it takes to become rich. Robert Kiyosaki, author of the best-selling Rich Dad, Poor Dad books claims that being rich has more to do with how much money you hold on to than how much money you have coming in.
Kiyosaki's father, the titular "Poor Dad," was no bum; his work earned him more than enough to live on. The problem was, however, that none of his money was left at the end of each quarter
Fortunately for you, the circumstances of your life, such as the family into which you are born or the salary you receive at your job, are not what will determine whether or not you become rich. Being wealthy depends on internal factors, not external circumstances.
The real key to becoming right, is the way in which you think about money. It's as simple as that.
Kiyosaki's "Rich Dad" used a graph entitled the Cash Flow Quadrant to explain this principle, separating people into four groups. 'E's and 'S's, or employees and those who are self-employed, occupy one half of the graph. 'B's and 'I's, or businesspeople and investors were on the other. Robert Kiyosaki claimed that, in addition to representing the source of a person's cash flow, these categories served as a window into how different type of people think about money.
The quadrant into which an individual falls isn't determined simply by the luck of the draw; on the contrary, a person's perspective on money and the world, and their resultant decisions are the key.
In to book "Cash Flow Quadrant," Kiyosaki states that the people inhabiting the four corners of the graph are, in fact, totally different people. Their different intellectual and emotional mindsets are the main determining factor of how each group deals with money.
Individuals gravitate to one of the previously mentioned quadrants based on their innate natures, driven by their personal values in regard to money. You can tell which corner a person falls into simply by hearing them speak about money. A person who frets about money and desires nothing more than simple security is obviously an occupant of the 'E' quadrant, and there isn't anything wrong with that; this person will probably be unhappy if he or she strays into a different quadrant. The "Employee," quadrant, however, is not the path towards wealth.
It sounds a little scary at first, but this is actually good news for you. It's good news because it means that, if you want to get rich, all you have to do is start thinking more like the people who live in the I, or investors, quadrant.
Real estate is a great place to start for prospective investors; it's what made "Rich Dad" rich in the first place! In order to become a real estate investor and start building your fortune, all you have to do is make a decision to stop working for a paycheck, and put your paycheck to work for you.
About the Author:
Realtor and Author Alexandria P. Anderson uses the Twin Cities real estate listings to help her realty clients find homes for sale in the Twin Cities of Minneapolis and St. Paul, Minnesota.
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