There are only two things that can change a person. The people he meets and the books he reads. So read, read, READ!
Growing up, I hated reading. HATED. I'd automagically skip to the answer keys on the back and do homework in half the time. I'd ctrl+f anything I need. I wasn't a bad student, in fact, I was active, had honors and found other things to do with my time vs doing homework.
After buying our home, I bumped into an organizing book that changed my life.
The One Minute Organizer changed my life. I was 18. I didn't know they made organizing books! Then, the obsession started. I read about 100 organizing books and I can say I'm a 'pretty' organized person. Things are at my fingertips and I know where most things are. The cleaning part is Mr. Broke's Job.
After struggling in finances, I discovered a few finace blogs. I didn't think much of them till now. Then, everyone started talking about "Baby Steps" and "Debt Snowball" I did a quick google search and stumbled upon Dave Ramsey. Then the world of Financial IQ opened up and I didn't know they made books about personal finance! This was amazing. The last part of 2010 was about reading and re-reading. I really liked Larry Winget's books too.
This week's read is Rich Dad Poor Dad. A classic. I'm a little late - A better late than never, but never late is better. LoL.
This really hit home.
As your cashflow grows, you can buy some luxuries. An important distinction is that rich people buy luxuries last, while the poor & middle class tend to buy luxuries first.
The poor and the middle class often buy luxuries such as big houses, diamonds, furs, jewelry or boats because they WANT to LOOK rich. They look rich, but in reality they just get deeper in debt on credit. The old-money people, the long-term rich, built their assets column first. Then, the income generated from the asset column bought their luxuries. The poor and middle class buy luxuries with their own sweat, blood and children's inheritence.
A wakeup call.
It's hump day, and I'm half way thru reading this book. On Track!
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2 comments:
Rich Dad, Poor Dad is a classic, and was my intro to PF too. But I've found that his advice isn't so good after reading other books and learning more, and this site confirmed that it's not one that I'll be using for reference in the future: http://www.johntreed.com/Kiyosaki.html
I love Automatic Millionaire (Bach), Your Money or Your Life (Dominguez), Debt Proof Living (Hunt), The Millionaire Next Door (Stanley) and All Your Worth (Warren.) There are a lot of great PF books out there!
Thanks Penny! I'm adding those on to my next library trip. =)
Yes, after reading Rich Dad, Poor dad, it wasn't what I was hoping for, but I did get some good ideas although they don't apply to me in my current state. Oh how I miss Hawaii when he talks about it!
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