Some people believe in the statement “Money works for me.” In the book, rich dad believes in this statement as well. His son, Robert and his friend decided to use their imagination and start up a comic book library and charged 10 cents for two hours admission. After their store was forced to shut down, Robert and his friend were proud of what they have accomplished. They learned to have money work for them since they couldn’t get paid for their work at the store and had to use their imagination to find an opportunity to make money. They had money working for them since people reading comics for money while they didn't have to do any work. One money making opportunity I could purse would be to start something like lawn mowing business.
1) The quote means that your money means it works for only you and only you can control what it does. The money doesn't need spent for other people and it's your option on what way it chooses. 2) One money making way that you can pursue is by helping people. When it snows, you can go out and shovel their sidewalk or when it's nice outside, you can go mow their lawn.
You make the money, you tell it where to go. Your money should be told where it is going and how it will be spent, before there is a chance to spend it. A portion goes to bills, another to food, and another to activities or miscellaneous. The money can not just sit there and be used periodically, or elses it will seem as if the money just disappears.
One potential money making opportunity would be to invest in a mutual fund. You should buy when it’s low, and eventually sell when it is high. The risk is not the high, and can make a lot of money,
1) Like rich dad said, we need to learn how to “harness money’s power.” We need to confront our fear and greed and weaknesses in order to get rid of the “tar baby.” By not being dependent on your paycheck every month and worried about bills and taxes, you let go of your need for money and you can be imaginative. Just like to two boys in this book you can think of new and different ways to make money instead of working for it.
2) One great money making opportunity I could pursue is perhaps being a fishing guide. All you need is your own boat and to know where the good fishing spots are. My dad and uncle hired a man to take them out on his boat on the ocean for a few hours and it was pretty expensive. This would be something I would enjoy, so it technically wouldn’t be work, and they provide all of their own fishing gear. I could even start a corporation and have several people work for me and be guides and make even more.
When the statement “my money works for me” is said, it automatically makes me think of Dave Ramsey. He has always said to make your money work for you, along with this book as well. When I think of making my money work for me, I think it means to be strict with your money and to start investing. Making your money work for you means to give every dollar a name and make it do what you need it to do. One money making opportunity I think I could start to pursue in the future is putting my money into stocks. This way, I can build up money and be invested into something that has my interest. Then, I can keep investing into more stocks as I keep going throughout life.
1) The statement “my money works for me” means that rather than going out and working endless hours at a job to get your paycheck and that’s it, you find a way to make money without having to work your whole life for it. The money is made for you, and not by you. For example in the reading, Mike and Robert opened a comic book library that was filled with comic books that they got for free. They didn’t have to work it, and payed a small portion of what they were making to someone else to run it for them. 2) One potential money making opportunity that I could pursue is
1) Robert and his friend had learned to have money work for them. By not getting paid for their work at the store, they were forced to use their imaginations to identify an opportunity to make money. By starting their own business, the comic-book library, they were in control of their own finances, not dependent on any employer. The did not have to be physical there and there business still generated money for them. So I think the statement, “ My money works for me,” pushes you out of your comfort zone to find new and creative solutions to all your problems. It will make you a risk taker, a believer, a visionary, and a builder.
2) One potential money making opportunity that I would pursue would be some type of doggie daycare. When people go on vacation or leave town for the day, I would be the one to watch over there dog or dogs. Of course they would provide the food and I would not be losing any money; however, I would be making money.
Some people believe in the statement “Money works for me.” In the book, rich dad believes in this statement as well. His son, Robert and his friend decided to use their imagination and start up a comic book library and charged 10 cents for two hours admission. After their store was forced to shut down, Robert and his friend were proud of what they have accomplished. They learned to have money work for them since they couldn’t get paid for their work at the store and had to use their imagination to find an opportunity to make money. They had money working for them since people reading comics for money while they didn't have to do any work. One money making opportunity I could purse would be to start something like lawn mowing business.
ReplyDelete1) The quote means that your money means it works for only you and only you can control what it does. The money doesn't need spent for other people and it's your option on what way it chooses.
ReplyDelete2) One money making way that you can pursue is by helping people. When it snows, you can go out and shovel their sidewalk or when it's nice outside, you can go mow their lawn.
You make the money, you tell it where to go. Your money should be told where it is going and how it will be spent, before there is a chance to spend it. A portion goes to bills, another to food, and another to activities or miscellaneous. The money can not just sit there and be used periodically, or elses it will seem as if the money just disappears.
ReplyDeleteOne potential money making opportunity would be to invest in a mutual fund. You should buy when it’s low, and eventually sell when it is high. The risk is not the high, and can make a lot of money,
1) Like rich dad said, we need to learn how to “harness money’s power.” We need to confront our fear and greed and weaknesses in order to get rid of the “tar baby.” By not being dependent on your paycheck every month and worried about bills and taxes, you let go of your need for money and you can be imaginative. Just like to two boys in this book you can think of new and different ways to make money instead of working for it.
ReplyDelete2) One great money making opportunity I could pursue is perhaps being a fishing guide. All you need is your own boat and to know where the good fishing spots are. My dad and uncle hired a man to take them out on his boat on the ocean for a few hours and it was pretty expensive. This would be something I would enjoy, so it technically wouldn’t be work, and they provide all of their own fishing gear. I could even start a corporation and have several people work for me and be guides and make even more.
When the statement “my money works for me” is said, it automatically makes me think of Dave Ramsey. He has always said to make your money work for you, along with this book as well. When I think of making my money work for me, I think it means to be strict with your money and to start investing. Making your money work for you means to give every dollar a name and make it do what you need it to do.
ReplyDeleteOne money making opportunity I think I could start to pursue in the future is putting my money into stocks. This way, I can build up money and be invested into something that has my interest. Then, I can keep investing into more stocks as I keep going throughout life.
1) The statement “my money works for me” means that rather than going out and working endless hours at a job to get your paycheck and that’s it, you find a way to make money without having to work your whole life for it. The money is made for you, and not by you. For example in the reading, Mike and Robert opened a comic book library that was filled with comic books that they got for free. They didn’t have to work it, and payed a small portion of what they were making to someone else to run it for them.
ReplyDelete2) One potential money making opportunity that I could pursue is
1) Robert and his friend had learned to have money work for them. By not getting paid for their work at the store, they were forced to use their imaginations to identify an opportunity to make money. By starting their own business, the comic-book library, they were in control of their own finances, not dependent on any employer. The did not have to be physical there and there business still generated money for them. So I think the statement, “ My money works for me,” pushes you out of your comfort zone to find new and creative solutions to all your problems. It will make you a risk taker, a believer, a visionary, and a builder.
ReplyDelete2) One potential money making opportunity that I would pursue would be some type of doggie daycare. When people go on vacation or leave town for the day, I would be the one to watch over there dog or dogs. Of course they would provide the food and I would not be losing any money; however, I would be making money.