Lesson 1 - The Rich Don't Work for Money

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I think what he is trying to say is:

Everyone needs money in order to survive.

If money becomes your master, then you will spend your whole life chasing after money. (It is like a donkey that is tied to a cart which chases after a carrot that its owner dangles in front of its nose to get it to go where the owner wants.)

If you become the master of money, then money will come to you and work for you.

A person who cannot control his fear of what would happen to his life without money... or his greed (which spends more than he can afford) - such a person is out of control and does not have control of himself. Someone else is controlling him - his emotions, which make him a slave that works for money.

As I said before, the trick seems to be to overcome your emotions, or rather, to harness those emotions and put them to work for you to find ways to make money become your slave rather than the other way around.

There's nothing wrong with finding a job that you enjoy. I'd like to find something that I enjoy and do it without having to get paid... and still have the money to survive!:)

Robert Kiyosaki is one of my favorite authors, and I have most of his books. There are some similarities between his philosophy and that of George Clason in The Richest Man in Babylon (another great read!).

To use your example, most people want to play golf (a somewhat expensive sport) on their own hard earned dollars, rather than having a business or a system up and running that pays for their luxuries.

Rich people work... they simply do not work like the poor and middle class. The rich work differently with a different goal in mind - to get their money to work hard for them and to make more money.

Best wishes on your endeavors! (And thanks for your comment!)

You are right. Rich people work for different goal. I read the Cash Flow Quadrant of Rich Dad. I really learn a lot about the cash flow of the rich. That is what makes the difference between the rich and the poor.

Although I enjoy reading them, I sometimes find Robert Kiyosaki's books difficult to understand. Cashflow Quadrant is a case in point.

He seems to believe that the best areas to find wealth are in the B (Big Business) and I (Investor) quadrants. In my first reading of the book, it seemed that these were the only two areas where Robert believed that a person could become wealthy.

Upon further reading (and looking at his other books), it seems to me that Robert also believes that it is possible for a person to become wealthy as an E (Employee) or an S (Self-Employed Specialist). They simply need to become superstars and then manage their assets wisely.

Each of the four quadrants has its advantages as well as its difficulties. The E and the S quadrants are heavily taxed. The B and the I quadrants take a lot of skills (such as organization and coordination and financial knowledge) that the average person would need to learn and acquire.

I believe that I have learned a lot from Robert Kiyosaki, and while his materials are fairly easy to read, the concepts require some time and re-reading in order to understand.

Thanks for your reply!

Yeah, Robert Kiyosaki stress a lot on B and I quadrant. I think that he is right, rich people are mostly businessman and investors. So, if we follow Robert's advise, learn more knowledge from B and I quadrants. We will be able to become richer.

I think that maybe the statement is one that has a double meaning. The rich don't work for money - they have the ways and means to work toward whatever interests they wish to follow. AND - The rich don't work for money - as in, money is not their boss and the driving force for which they work; instead, they have learned to master the game of money and know how to put money to work for them.

I am not sure that it always takes money to make money. Robert Kiyosaki, at least, disagrees with the idea that it takes money to make money. It would be an interesting challenge, though, to put together a packaged idea for how people could make money without money. My friend, MillionaireAnonymous, coaches people in the Philippines on this very topic - and his blog has outlined how he took a little bit of money and multiplied it many times. It's an intersting story to follow.

I agree with the need for a strategic plan; otherwise, people will start working and keep going aimlessly, spending their money and ending up at retirement not knowing what happened to their lives (or their livelihood) and their ability to support themselves.

Best wishes to you as you try to figure out your plan and your way to financial independence!