- “The poor and the middle-class work for money. The rich have their money work for them.”
1 Become financially literate
2 Work to learn
3 Find mentors, build a team
4 Work for yourself
5 Create money
6 Give back
- “If you want to be rich, you have to be financially literate.”
- “My banker has never asked me for my report card. My banker wants to see my financial statement.”
- “When you’re young, work to learn, not to earn.”
- To achieve that goal, you’ll have to be experienced in the following:
- Leadership
- Management
- Sales and marketing
- Management is twofold:
- management of cash flow : To manage a company’s cash flow properly, you have to know how to read financial statements and analyze sales and accounts receivable and expenses and accounts payable.
- management of business system : to understand that a company is a complex network of interdependent systems, everything from product or service development to computer systems to human resources
- You don’t need to have all the answers as long as you know who to call.
- One secret of the rich is their humility. They surround themselves with people who know more than they do. They surround themselves with experts.
- “Money isn’t real; it is an idea.”
- How can you create money? By doing any of the following:
- How can you create money? By doing any of the following:
- Learning how to raise money.
- Working with knowledgeable people to help you reach your financial goals.
- “When you create wealth, it’s your responsibility to return it to society.”
- Giving will help teach you to take control of your cash flow.
- Charitable giving is a part of an overall strategy for taking control of your cash flow. If you start giving at the same time that you start building assets, your assets will still grow because you’ve chosen to adopt a fiscally responsible path for yourself.
- Instead of risking your financial freedom, giving will enhance it.
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