Based on Kiyosaki’s work
One of the things we stress in this blog is the importance of the perseverance. Maybe it is a very simple concept but actually, the perseverance is the principle of the success in any aspect of the life. And of course, we need appropriate knowledge, appropriate actions and appropriate timing when we could have good luck helping us. But without perseverance, nothing works.
The road to financial freedom can be very long for many people. But, though this road is long, it is always possible to arrive to the goal if we are acting according to a master plan and fixing the detected errors on the road. The problem is when many people despair on the road and they start to run quickly. In this way, they don’t detect the errors and shortly they will be tired and disappointing. Finally, they will abandon the master plan.
The fundamental of everything on our road to financial freedom is the education. And we are not talking about a formal financial education. It is not needed a Financial or Business Administration degree to reach the financial freedom. What is needed is an appropriate thinking way. And it is achieved by an education you can obtain by yourself, for example by meeting the right people, reading the right books, checking your financial statements (meticulous and correctly), understanding what really are the assets, understanding which are the good debts and which are the bad ones, knowing the financial leverage and how to access to it, learning the words of the financial topics and being informed about what is happening in the world in order to detect necessities and opportunities.
Many people feel overburdened when knowing what should learn in order to have the appropriate mentality. And then they choose the worst option by making nothing at all. They prefer to continue as money slaves, working really hard in order to get money or suffering the consequences of not having enough money. They hope that maybe someday they will be very lucky or they hope that their pensions, their sons, the Government , or the company where they work will take charge of them in the future.
The road to financial freedom can be a 1000 miles road to walk by foot. And the only way to start to walk is: taking the first step. Don’t be overburdened by the distance. Don’t be overburdened because it could take you a long time. Just do it. Take the first step and design a realistic plan with short-term, medium-term and long-term goals and then focus yourself on reaching your short-term goals initially, because those are more realistic according to your current economic situation.
If you are a “debts slave”, your short-term goal will be to get out of debts as soon as possible. If you don’t get enough money from your job in order to cover all your expenses, your short-term goal will be to increase your incomes. Maybe you need a new job, or maybe you even could consider to get small assets that produce some additional dollars a month. If you are not able to make at least $100 extra a month with your initial plan, or to save them by cutting some unnecessary expenses, you are in trouble. Analyze. You can do it. $ 100 extra or $100 saved every month is something very simple. Doesn’t matter what is your current economic situation.
In the medium-term the goal must be to build assets. But don’t confuse yourself. Remember the meaning of assets according to the Rich Dad’s philosophy: Asset is something that puts money in your pocket. Usually, neither a car nor a plasma screen TV are assets. An asset could be a website making money by the advertising, maybe $100 extra at the beginning. Or a house to rent is an asset if what the tenant is paying is enough to cover the expenses of the property and besides you obtain a gain.
Start now to plan your financial freedom. No hurry. But don’t pause. Every day must have a small advance. A tiny advance is enough. Every time that you stop the process on the road to financial freedom, it will be lost time that you will never be able to recover and maybe you will need that time in the future. Just relax and walk slowly on your road to financial freedom, but don’t stop because you have difficulties or because the things or people distract you.
Maybe, you are one of those people who are surprised because the time seems to lapse very quickly. Probably also you will be surprised when you see the traveled distance on your road to financial freedom if you have walked perseveringly: No Hurry / No pause.
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Robert Kiyosaki
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