Rich Dad Lessons: Decide what kind of investor you want to be
Based on Kiyosaki’s work
According to Robert Kiyosaki, there is an additional classification for the types of investors related to a specific investment or business: A, B, and C.
The type C investors are those people who simply don’t understand the investment or business and sometimes even they are not interested in learning.
When a poor person is a type C investor for all investments and businesses, the options to get rich are: get a job with the Government, marry someone rich, or win the lottery (or maybe inherit a fortune).
The type B investors are those people who have a very basic knowledge about the investment or business but, anyway, they are always supported by financial advisers. They always are looking for the answers they need in order to achieve good financial results.
When people are not really interested in the numbers or financial control, the best thing that they can do is to be surrounded by the best financial advisers. The problem here is that it is very difficult to identify the good advisors if you have no enough knowledge about the investment or business.
Many people that invest in stock market are type B investors and although, in few cases, they can achieve good yields by giving their money to the advisers, most of the times these people are only average investors that become happy when the market go up but they get scared when the market go down. In general, these types of investors cannot make money in a specific market going down, due to their lack of knowledge.
The type A investors are those who look for problems in the investment or business and develop solutions to them. They see these problems as opportunities to earn excellent financial returns.
The differentiating factors of the type A investors are the knowledge and the financial education. These people have solid financial bases and besides that, they have had positive and negative experiences that make them sophisticated enough to invest and manage their money.
Nobody can know everything. Therefore, depending on the field, we can be type A, B or C investors. We can be all the types of investors at the same time, depending on the investment or business type. If you want to become a great investor, then you only need a field where you can become a type A investor. In all the other ones, the financial advisers could help you (you are a type B investor) or simply you can ignore them because they are not your specialty (you are a type C investor) although the necessary condition is you are always willing to learn and expand your context.
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