Escaping Poverty Trap ala Kyosaki
March 17th, 2008 | by ilham |When I was a student I used to discuss about poverty trap. But as the time goes, I become aware that not only the poor who are trapped in poverty cycle, but also people with better economic income may do so.
It is well described by Kyosaki in his two master pieces Rich Dad Poor Dad
or Cashflow Quadrant. In the first book, for example, Rich Dad Poor Dad, he attempts to change the mindset of the average employee by referring himself as a man whose father are both rich and poor. His biological father was a respectable scholar. He was a head of education for the State of
The second one was Kyosaki’s rich dad. He was Kyosaki best friend’s father who became very wealthy by investing his smaller income into income-producing investments, and became truly rich in so doing. This rich one bravely left school at the age of 13th, realized his life plans for the future. unsuprisingly, he become one of the most rich people on
Network and smart investment is the key, not only depends on degree or position. You should avoid what majority of people did. People who are stuck in what he refers to as “the rat race” - living paycheck to paycheck and spending all of their time working to pay bills.
This rat race reminds me of poverty trap in
In his next famous book, Kyosaki describes what he calls the Cashflow Quadrant as a tool to become rich dad. He attempts to differentiate between Employees, Self-employed or Small business owners, Businesspeople (as in those who buy and sell businesses, rather than running their own), and Investors. Kyosaki advocates tax-advantaged investment vehicles, such as real estate or businesses, rather than the traditional individual ownership of securities.
The ball is in your hand. Weather you become rich dads or the poor ones! Hope you are a beloved father!
