It is not how much you earn but how much you save
How Robert Kiyosaki (Rich Dad Poor Dad) defined the "Rat Race" for us
The only way to get out of the "Rat Race" is to prove your
proficiency at both accounting and investing, arguably two of the
most difficult subjects to master.
FinanceCourseOnline.info would like to contribute its share to this
effort.
We are about to pre-launch this website. It was recently
redesigned and more FREE articles were added.
"Get there before the crowd and get out of the Rat Race now"
Proceed now to http://www.financecourseonline.info
What is the Rat Race?
Here's how Robert defined Rat Race:
"If you look at the life of the average-educated, hard-working
person, there is a similar path. The child is born and goes to
school. The proud parents are excited because the child excels,
gets fair to good grades, and is accepted into a college. The child
graduates, maybe goes on to graduate school and then does
exactly as programmed: looks for a safe, secure job or career.
The child finds that job, maybe as a doctor or a lawyer, or joins
the Army or works for the government."
"Generally, the child begins to make money, credit cards start to
arrive in mass, and the shopping begins, if it already hasn't.
Having money to burn, the child goes to places where other
young people just like them hang out, and they meet people, they
date, and sometimes they get married. Life is wonderful now,
because today, both men and women work. Two incomes are
bliss. They feel successful, their future is bright, and they decide
to buy a house, a car, a television, take vacations and have
children. The happy bundle arrives."
"The demand for cash is enormous. The happy couple decides that
their careers are vitally important and begin to work harder,
seeking promotions and raises. The raises come, and so does
another child and the need for a bigger house. They work harder,
become better employees, even more dedicated. They go back to
school to get more specialized skills so they can earn more
money. Maybe they take a second job. Their incomes go up, but
so does the tax bracket they're in and the real estate taxes on
their new large home, and their Social Security taxes, and all the
other taxes."
"They get their large paycheck and wonder where all the money
went. They buy some mutual funds and buy groceries with their
credit card. The children reach 5 or 6 years of age, and the need
to save for college increases as well as the need to save for their
retirement."
"That happy couple, born 35 years ago, is now trapped in the Rat
Race for the rest of their working days. They work for the owners
of their company, for the government paying taxes, and for the
bank paying off a mortgage and credit cards."
"Then, they advise their own children to 'study hard, get good
grades, and find a safe job or career.' They learn nothing about
money, except from those who profit from their naivete, and work
hard all their lives."
"The process repeats into another hard-working generation. This is
the Rat Race."
You can visit Rich Dad Cashflow The eGame at
http://www.aredconsult.com/cashflow
proficiency at both accounting and investing, arguably two of the
most difficult subjects to master.
FinanceCourseOnline.info would like to contribute its share to this
effort.
We are about to pre-launch this website. It was recently
redesigned and more FREE articles were added.
"Get there before the crowd and get out of the Rat Race now"
Proceed now to http://www.financecourseonline.info
What is the Rat Race?
Here's how Robert defined Rat Race:
"If you look at the life of the average-educated, hard-working
person, there is a similar path. The child is born and goes to
school. The proud parents are excited because the child excels,
gets fair to good grades, and is accepted into a college. The child
graduates, maybe goes on to graduate school and then does
exactly as programmed: looks for a safe, secure job or career.
The child finds that job, maybe as a doctor or a lawyer, or joins
the Army or works for the government."
"Generally, the child begins to make money, credit cards start to
arrive in mass, and the shopping begins, if it already hasn't.
Having money to burn, the child goes to places where other
young people just like them hang out, and they meet people, they
date, and sometimes they get married. Life is wonderful now,
because today, both men and women work. Two incomes are
bliss. They feel successful, their future is bright, and they decide
to buy a house, a car, a television, take vacations and have
children. The happy bundle arrives."
"The demand for cash is enormous. The happy couple decides that
their careers are vitally important and begin to work harder,
seeking promotions and raises. The raises come, and so does
another child and the need for a bigger house. They work harder,
become better employees, even more dedicated. They go back to
school to get more specialized skills so they can earn more
money. Maybe they take a second job. Their incomes go up, but
so does the tax bracket they're in and the real estate taxes on
their new large home, and their Social Security taxes, and all the
other taxes."
"They get their large paycheck and wonder where all the money
went. They buy some mutual funds and buy groceries with their
credit card. The children reach 5 or 6 years of age, and the need
to save for college increases as well as the need to save for their
retirement."
"That happy couple, born 35 years ago, is now trapped in the Rat
Race for the rest of their working days. They work for the owners
of their company, for the government paying taxes, and for the
bank paying off a mortgage and credit cards."
"Then, they advise their own children to 'study hard, get good
grades, and find a safe job or career.' They learn nothing about
money, except from those who profit from their naivete, and work
hard all their lives."
"The process repeats into another hard-working generation. This is
the Rat Race."
You can visit Rich Dad Cashflow The eGame at
http://www.aredconsult.com/cashflow
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