Did you know all of the rules about money you were taught in school have all changed? They are now very destructive myths and can actually be dangerous according to the world’s top personal financial educator, Robert Kiyosaki.
Changed My Beliefs About Money
When I started my home based network marketing business back in 1995, I realized the rules I was taught in school about money was not going to help me attain the freedom I desired in my heart. I studied Robert Kiyosaki’s best selling book, “Rich Dad Poor Dad“, and then I went on to study almost everything he wrote. I realized I had to change my beliefs about money, education, a job, security, etc. before I could be a successful entrepreneur.
Shooting The Sacred Cows Of Money
Robert Kiyosaki recently released a series of videos in which he says we must “shoot the sacred cows of money”, and he says “The mission of Sacred Cows is to take you from the established mindset to the enlightened mindset about money—and to break the bonds of our culture’s destructive myths about money”. Robert’s website is http://www.shootingthesacredcows.com.
The 8 Sacred Cows We Must Change:
1. Go to School
2. Get a Job
3. Work Hard
4. Save Money
5. Your House Is An Asset
6. Get Out of Debt
7. Live Below Your Means
8. Invest For The Long Term
Get A Job
The “sacred cow” I want to address today is #2, “Get A Job“. I did this for over 13 years and missed 8 years of my son’s life. I questioned my life at this point because I had sacrificed my most precious years with my son to “climb the corporate ladder”, only to find us still in the same “routine” everyday! I wanted freedom and the time to be with my son. I am so glad my deep yearning to be home with my son, lead me to find what Robert Kiyosaki calls “The Business of the 21st Century“ (click for blog post) where I was taught how to earn residual income and all of these new rules.
Summary Of “The Job”:
1. An employee pays the most taxes. Small Business (Self-Employed) pays even more taxes. The Entrepreneurs, Business Owners, and Investors pays the least amount of taxes. (E = Employee has a job; S = Self Employed Small Business or Specialist like a doctor or lawyer, these people own a job; B = Big Business -500 employees or more, and they have other people working for them; I = Investors who has money work for them)
* Robert Kiyosaki’s Poor Dad told him to go to school and get a job. He wanted him to become a specialist like a doctor or a lawyer. His Rich Dad told him if you want to be rich, you have to be a Business Owner or an Investor. The people who go to school become an E or an S. Doctors and Lawyers pay the highest taxes possible and they have the fewest options of reducing their taxes.
2. The tax laws are geared to the Big Business owners and Entrepreneurs who are creating jobs. Tax laws favors B’s & I’s. We are rewarded to do what the government wants us to do.
3. The myth is to get a safe, secure job. Today, there are no safe jobs and they are now the most insecure thing to do today. Jobs are competing with huge countries like India and China. As Entrepreneurs, our job is to create jobs. The government doesn’t create jobs, we do! A JOB (Just Over Broke) is the highest risk profession you can have because you have one client, your employer, who can fire you. As an entrepreneur, you have as many clients as you want and if you lose a client, you can get more clients.
4. Another point Robert Kiyosaki makes is that E’s & S’s get punished for their mistakes where B’s & I’s get richer from their mistakes because they learn from their mistakes.
Here’s Robert Kiyosaki’s video on Get A Job:
Did the facts in the video shock you? I was shocked when I started to learn all of the advantages of becoming an entrepreneur and then I made it a part of my mission. I believe everyone who wants freedom should be educated and know that they can have it if they will learn the “enlightened mindset” about money. Financial Security is much more important than Job Security.
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