It's been a year or so since I read Robert Kiyosaki's best-seller, "Rich Dad, Poor Dad", but if there is one thing I remember, it's that if you want to be rich, you have to think like the rich. You want to make money, then think like you have money. Now what exactly do I mean by 'think like the rich'? Don't worry. Here comes the explanantion.
First, you have to realise that financial success is all about taking risks, and many have known to make really bad investments that have made them bankrupt in a matter of hours. Doubt me? You can ask the Omaha tycoon himself, Warren Buffett, who has more bad investments than the number of people in a Tyler Perry movie, but still manages to rise again due to perseverance.
Now I ain't saying one should make investments anyhow, in the hope of recovery in the future. Nah. What I'm saying is, take risks, but calculated, educated risks.
Secondly, don't be penny-wise, pound foolish. Literally. Do not leave too much money lying around doing nothing. There's always something to invest in. Yeah, I know. Save just enough to get you by in case of the rainy day, and find something to invest the rest in.
Now when an average person wants to invest his money, he first thinks of buying and selling shares, but why make $20 when you can make $200? Remember, it's all about calculation and making educated guesses.
That will be all for now, people, but check back this Thursday for the second part of this article. Gotta go. Have some money to invest.
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