Donald Trump & Robert Kiyosaki - Why We Want You To Be Rich Audiobook - Part 4 - Chapter 23

Biggest Takeaway --- Excerpts from:
Part Four: If You Were In My shoes, What Would You Do?
Chapter 23: I Am A Baby Boomer Without Much Money, What Should I Do?

Robert Kiyosaki:

“The baby-boom generation, that group born between 1946 and 1964, was, in many ways, a very fortunate group. They were born just as America became the dominant world power militarily and financially.”

“The baby-boom generation is the last generation of the Industrial Age and the first generation of the Information Age…The boomers who made the transition to Information Age rules and values will have a better chance of aging with grace and retiring with affluence.”

“In 1971, just as many of the first baby boomers were getting out of college, gold was $35 and ounce. Today gold has hit $700 an ounce. That is an example of how much the dollar has lost in buying power.”

“While it is possible to measure health and wealth, happiness is less quantifiable… Forbes magazine once defined ‘rich’ as 1 million in income a year. So, rich is measured in money. Wealth is measured in time. For example, if you have $10,000 in savings and your monthly expenses are $1,000 a month, then your wealth is 10 months.”

“While I was watching CNBC, the popular financial television station…the commentator said, ‘The company memo defined a poor person as a person who did not have at least $100,000 in cash to invest.’…Imagine that. That means most of America can be defined as poor people by the standard of that company’s memo.”

“Love is the key to a life of health, wealth and happiness. It is easier to be healthy if you are happy. It is easier to be wealthy if you are happy. And it is easier to be happy if you are in love with what you are doing…Many of us allow fear to run our lives, not love. Make a commitment to yourself to let love dictate what you do next. You are far more likely to have the results of health, wealth, and happiness if your thoughts and actions are rooted in love.”

“Love may not make life easier, but it does give meaning to life. Love is spiritual, although sometimes painful. Every time I’m in the gym in agony and wanting to quit, I simply think of my sweetheart, Kim, and I find the will to carry on. Two hours of pain makes for a longer and happier life with the person I love the most, so I put up with the pain. The same is true with work and with investing…Anyone who thinks love is easy is obviously someone who has never loved.”
Donald Trump:

A positive take on the age situation is that you have already survived for 60 years. That in itself is an achievement. Wisdom accompanies experience, so you’ve got an advantage right there.”

“There was a couple I knew who had lost their business when they were in their early 60s, for a variety of reasons. It represented their life’s work and their retirement. Needless to say, they were concerned about their situation and decided they’d return to the ski resort where they had enjoyed many wonderful vacations, both in the ski season and in the off season. They had always hoped they might be able to retire to this area someday…They wound up with a new business that they loved and they were living where they’d hoped to retire! This was better than what they had planned on, and they had great financial success as well.”

“That’s just one example of opportunity being hidden within disappointment. There are millions of stories like that and there is no reason you can’t become one of those stories…It was smart move for them to go to a place with positive memories in order to proceed with positive energy. If you have a place like that, keep it in mind. There could be a good reason why you think of it fondly, and it could be pertinent to your future.”

“I also believe that retirement isn’t always the best thing for people. My father used to say ‘To retire is to expire’ because he got so much energy from his work. Remaining active and plugged in seems to prolong life in a lot of cases. Maybe your so-called ‘setback’ is a good tiding for a longer and happier life…Sometimes our plans are disrupted for good reason.”

“Don’t underestimate yourself or your possibilities. Whether you’re 6 or 60, there are still a lot of great opportunities out there. The good life isn’t over until you give up on it.”

“I’d like to give you a statement from Steve Forbes that says it all…in his book A New Birth of Freedom…‘The real source of wealth and capital in this new era is not material things --- it is the human mind, the human spirit, the human imagination and our faith in the future. That’s the magic of a free society --- everyone can move forward and prosper because wealth comes from within.’”

This book is absolutely GOLD for both personal and business development that works like a modern guidebook to THINK AND GROW RICH.

Why We Want You To Be Rich
Two Men*One Message
Donald J. Trump & Robert T. Kiyosaki

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