Rich dad explained that criticism blinded while analysis opened -< eyesAnalysis allowed winners to see that critics were blind, and to see opportunities that everyone else missedAnd finding what people miss is | key to any success
Real estate is a powerful investment tool for anyone seeking financial independence or freedomIt is a unique investment toolYet, every time I mention real estate as a vehicle, I often hear, "I don't want to fix toilets That's what Peter Lynch calls "noise That's what my rich dad would say is the cynic talkingSomeone who criticizes and does not
analyzeSomeone who lets their doubts and fears close their mind instead of open their eyes
So when someone says, "I don't want to fix toilets," I want to fire back, "What makes you think I want to?" They're saying a toilet is more important than what they wantI talk about sac kelly hermes freedom from the rat race, and they focus on toiletsThat is the thought pattern that keeps most people poorThey criticize instead of analyze
" 'I don't wants' hold the key to your success," rich dad would say
Because I, too, do not want to fix toilets, I shop hard for a property manager who does fix toiletsAnd by finding a great property manager who runs houses or apartments, well, my cash flow goes upBut more importantly a great property manager allows me to buy a lot more real estate since I don't have to fix toiletsA great property manager is key to success in real estateFinding a good manager is more important to me than the real estateA great property manager often hears of great deals before real estate agents do, which makes them even more valuable
That is what rich dad meant by " 'I don't wants' hold the key to your success Because I do balenciaga twiggy not want to fix toilets either, I figured out how to buy more real estate and expedite my getting out of the rat raceThe people who continue to say "I don't want to fix toilets" often deny themselves the use of this powerful investment vehicleToilets are more important than their freedom
In the stock market, I often hear people say, "I don't want to lose money Well, what makes them think I or anyone else likes losing money? They don't make money because they chose to not lose moneyInstead of analyzing, they close their minds to another powerful investment vehicle, the stock market
In December 1996,1 was riding with a friend past our neighborhood gas stationHe looked up and saw that the price of oil was going upMy friend is a worry wart or a "Chicken Little To him, the sky is always going to fall, and it usually does, on him
When we got home, he fendi spy bags showed me all the stats as to why the price of oil was going to go up over the next few yearsStatistics I had never seen before, even though I already owned a substantial share block of an existing oil companyWith that information, I immediately began looking for and found a new undervalued oil company that was about to find some oil depositsMy broker was excited about this new company, and I bought 15,000 shares for 65 cents per share
In February 1997, this same friend and I drove by the same gas station, and sure enough, the price per gallon had gone up nearly 15 percentAgain, the "Chicken Little" worried and complained I smiled because in January 1997, that little oil company hit oil and those 15,000 shares went up to more than $3 per share since he had first given me the tipAnd the price of gas will continue to go up if what my friend says louis vuitton pink is true
Instead of analyzing, their little chicken closes their mindIf most people understood how a "stop" worked in stock-market investing, there would be more people -investing to win instead of investing not to loseA "stop" is simply a computer command that sells your stock automatically if the price begins to drop, helping to minimize your losses and maximize some gainsIt's a great tool for those who are terrified of losing
So whenever I hear people focusing on their "I don't wants," rather than what they do want, I know the "noise" in their head must be loudChicken Little has taken over their brain and is yelling, "The sky is falling and toilets are breaking So they avoid their "don't wants," but they pay a huge priceThey may never get what they want in life
Rich dad gave me a way of looking at Chicken Little "Just do what Colonel Sanders fairy bag prada d

Most people live their lives chasing paychecks, pay raises and job security because of the emotions of desire and fear, not really questioning where those emotion-driven thoughts are leading themIt's just like the picture of a donkey, dragging a cart, with its owner dangling a carrot just in front of the donkey's noseThe donkey's owner may be going where he wants to go, but the donkey is chasing an illusionTomorrow there will only be another carrot for the donkey
"You mean the moment I began to picture a new baseball glove, candy and toys, that's like a carrot to a donkey?" Mike askedAnd as you get older, your toys get more expensiveA new car, a boat and a big house to impress your friends," said rich dad with a smile"Fear pushes omega automatic seamaster watch you out the door, and desire calls to youEnticing you toward the rocks
"So what's the answer," Mike asked
"What intensifies fear and desire is ignoranceThat is why rich people with lots of money often have more fear the richer they getMoney is the carrot, the illusionIf the donkey could see the whole picture, it might rethink its choice to chase the carrot
Rich dad went on to explain that a human's life is a struggle between ignorance and illumination
He explained that once a person stops searching for information and knowledge of one's self, ignorance sets inThat struggle is a moment-to-moment decision-to learn to open or close one's mind
"Look, school is very, very importantYou go to school to learn a skill or profession so as twiggy balenciaga to be a contributing member of societyEvery culture needs teachers, doctors, mechanics, artists, cooks, business people, police officers, firefighters, soldiersSchools train them so our culture can thrive and flourish," said rich dad"Unfortunately, for many people, school is the end, not the beginning
There was a long silenceI did not comprehend everything he said that dayBut as with most great teachers, whose words continue to teach for years, often long after they're gone, his words are still with me today
"I've been a little cruel today," said rich dadI want you to always remember this talkI want you to always think of MrsI want you always to think of the donkeyNever forget, because your two emotions, fear and desire, can lead chloe paddington bags you into life's biggest trap, if you're not aware of them controlling your thinkingTo spend your life living in fear, never exploring your dreams, is cruelTo work hard for money, thinking that money will buy you things that will make you happy is also cruelTo wake up in the middle of the night terrified about paying bills is a horrible way to liveTo live a life dictated by the size of a paycheck is not really a lifeThinking that a job will make you feel secure is lying to yourselfThat's cruel, and that's the trap I want you to avoid, if possibleI've seen how money runs people's livesDon't let that happen to youPlease don't let money run your life
A softball rolled under our tableRich dad picked it up and threw it back
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