Throughout the book, the main source of information I took from it was that your financial intelligence is all that matters. It doesn't matter what education I receive, or how much money I am making, it is simply about how much you know about how money works. The more I learn, the more money I make simply because I gain experience and wisdom as the years go on. I will take risks and lean how to invest and spend money wisely. I will buy assets such as stocks, bonds, mutual funds or real estate with the expectation that your investment will make money for you.
In order to even think about taking over my own personal finances, I need to get a job to be able to pay all of the bills. I will have to start a spreadsheet of my own to make sure I pay everything on time, because if not, I would never pay something when it was supposed to be paid.
When I begin to get older and live on my own I want to have a successful financial life. After reading this book I have learned many useful things to take with me in the future. I learned that financial intelligence is extremely important and can make or break your financial life. Later in my life I plan to invest early, put things into assets to gain back money, responsibly manage a credit card, have a well written budget, and many more things. Rich Dad Poor Dad has helped me tremendously plan for the future and know what not to do.
As the author says, "Over time, there are more opportunities presented to you. And the greater your financial intelligence, the easier it is to tell whether a deal is good." Therefore, this means that you have to be careful with your purchases so you don't lean more to debt.
Although it sounds kind of scary, I have decided that I want to be a type 2 investor. I realize that this may not be realistic in college, but that is when I can become financially intelligent and learn how to handle my money properly. I want to be able to say that I buy my cars with cash and that I walked away from college, not only with a diploma but also without debt dragging me down. I look forward to doing research on different mutual funds to see where I should invest. No debt, no credit card, and yes to wealth building; that is my plan.
As I get ready to take over my own personal finances, I want to be sure I love a financially stable life. I want to find a career that I enjoy, and become successful in it. Preferably a business of my own one day. “Rich Dad Poor Das” shared many useful tip on how to be successful with your money. If shared that being educated with your money is a huge factor of whether you will be successful with it or not. You need to find a way to make your money work for you, and how to, make it last. At first it could be difficult with the expenses of growing up however if you make the sacrifices of only paying for the things you have to, and the things you need, you will eventually have enough money saved up that way you can then invest your money into something that is going to grow that money for you.
Throughout the course of Personal Finance, I have learn so much about the correct way to be financially secure when I get older and even starting now. The book “Rich Dad and Poor Dad” helped me understand that there are thousands of people who know how to be good with money but there are also thousands of people who are terrible with money and are in debt. As I continue with my own financial situation, I’m going to continue to strive to budget my money efficiently and be smart with my money as well. Save and invest is one very important thing that stood out to me during the whole reading and I want to start that now at my age.
Throughout the book, the main source of information I took from it was that your financial intelligence is all that matters. It doesn't matter what education I receive, or how much money I am making, it is simply about how much you know about how money works. The more I learn, the more money I make simply because I gain experience and wisdom as the years go on. I will take risks and lean how to invest and spend money wisely. I will buy assets such as stocks, bonds, mutual funds or real estate with the expectation that your investment will make money for you.
ReplyDeleteIn order to even think about taking over my own personal finances, I need to get a job to be able to pay all of the bills. I will have to start a spreadsheet of my own to make sure I pay everything on time, because if not, I would never pay something when it was supposed to be paid.
ReplyDeleteWhen I begin to get older and live on my own I want to have a successful financial life. After reading this book I have learned many useful things to take with me in the future. I learned that financial intelligence is extremely important and can make or break your financial life. Later in my life I plan to invest early, put things into assets to gain back money, responsibly manage a credit card, have a well written budget, and many more things. Rich Dad Poor Dad has helped me tremendously plan for the future and know what not to do.
ReplyDeleteAs the author says, "Over time, there are more opportunities presented to you. And the greater your financial intelligence, the easier it is to tell whether a deal is good." Therefore, this means that you have to be careful with your purchases so you don't lean more to debt.
ReplyDeleteAlthough it sounds kind of scary, I have decided that I want to be a type 2 investor. I realize that this may not be realistic in college, but that is when I can become financially intelligent and learn how to handle my money properly. I want to be able to say that I buy my cars with cash and that I walked away from college, not only with a diploma but also without debt dragging me down. I look forward to doing research on different mutual funds to see where I should invest. No debt, no credit card, and yes to wealth building; that is my plan.
ReplyDeleteAs I get ready to take over my own personal finances, I want to be sure I love a financially stable life. I want to find a career that I enjoy, and become successful in it. Preferably a business of my own one day. “Rich Dad Poor Das” shared many useful tip on how to be successful with your money. If shared that being educated with your money is a huge factor of whether you will be successful with it or not. You need to find a way to make your money work for you, and how to, make it last. At first it could be difficult with the expenses of growing up however if you make the sacrifices of only paying for the things you have to, and the things you need, you will eventually have enough money saved up that way you can then invest your money into something that is going to grow that money for you.
ReplyDeleteThroughout the course of Personal Finance, I have learn so much about the correct way to be financially secure when I get older and even starting now. The book “Rich Dad and Poor Dad” helped me understand that there are thousands of people who know how to be good with money but there are also thousands of people who are terrible with money and are in debt. As I continue with my own financial situation, I’m going to continue to strive to budget my money efficiently and be smart with my money as well. Save and invest is one very important thing that stood out to me during the whole reading and I want to start that now at my age.
ReplyDelete