Invest First in Education

In reality, the only real asset you have is your mind, the most powerful tool we have dominion over. Just as I said about the power of choice, each of has the choice of what we put in our brain once we’re old enough. You can watch MTV or read golf magazines, or go to ceramics classes or a class on financial planning. You choose. Most people simply buy investments rather than first invest in learning about investing.

The thieves took the TV
A friend of mine, who is rich a woman, recently had her apartment burglarized. The thieves took her TV and VCR and left all the books she reads. And we all have that choice. Again, 90 percent of the population buys TV sets and only about 10 percent buy books on business or tapes on investments.

I go to seminars
So what do I do? I go to seminars. I like it when they are at least two days long because I like to immerse myself in a subject. In 1973, I was watching TV and this guy came on advertising a three day seminar on how to buy real estate for nothing down. I spent $385 and that course has made me at least $2 million, if not more. But more importantly, it bought me life. I don’t have to work for the rest of my life because of that one course. I go to at least two such courses every year.

I can rewind quickly
I love audio tapes. The reason: I can rewind quickly. I was listening to a tape by Peter Lynch, and he said something I completely disagreed with. Instead of becoming arrogant and critical, I simply pushed “rewind” and I listened to that five minute stretch of tape at least twenty times. Possibly more. But suddenly, keeping my mind open, I understood why he said what he said. It was like magic. I felt like I had a window into the mind of one of the greatest investors of our time. I gained tremendous depth and insight into the vast resources of his education and experience.

So guys if you want to invest or do anything in life, first invest in education to learn about your chosen field and start doing it with knowledge and confidence. Don’t you believe knowledge is power?

From the book – Rich Dad Poor Dad by Robert T. Kiyosaki

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