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Wednesday, 9 November 2016

The Essence of Risk Taking: Robert Kiyosaki Perspective (Rich Dad, Poor Dad)

 We live in a world where they exist large disparity between the poor and the rich, the inequality gets widen day by day, so we become lost in the saying "The rich are getting more richer and the poor more poorer". This can be attached to the fact that most individuals at one stage in their life became indecisive on what to spend their finance on. 
  From a realistic point of view, poverty is caused by the fear of taking risk. The art of chasing bigger dreams with the absence of risk is more of a scam, no business exist without the fear of failure but however, should we allow the fear in us undermine our power of productivity?   
  Robert kiyosaki has these to say in his book irked "Rich Dad, Poor Dad''
  "I have never met a RICH person who has never lost Money but I have met a lot of POOR People who have never lost a dime" This is because investments comes with it own risk, so never hesitate to invest in something you believe, never let the fear of loosing tie you down. 
  More so, "The primary difference between the RICH and the POOR is how they handle fear in Investment". The rich approach their fear with confidence while the poor run out of it. Don't be a coward, learn to tame your fear, invest in the right place at the right time and in the right quantity, though never be irrational in your investment decision in the name of being bold.
  Moreover, "Have positive mindset about investment. You can NEVER be Rich if you are too SCARED of losing Money." Always be optimistic as far as you believe you made the right investment decision, don't allow your mind to be crowded with fear of loosing, remember the sum of the things running in our mind often becomes our reality. 
  Therefore it is good to note that "SALARY alone can not solve your money problems. You need a Secondary Source of income to balance. SALARY is the MEDICINE for managing POVERTY, it doesn't CURE it. Only your BUSINESS or INVESTMENT Cures Poverty." Learn to be innovative, learn to take risk and turn your passion into business and only then you can break from the vicious cycle of poverty. 
Remember “In today’s rapidly changing world, the people who are not taking risk are the risk takers.” So why take a risk, continue visiting Richminers Blog to explore the world of wealth discoveries. 
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