My previous two blog
posts reference some of the teachings of Robert Kiyosaki:
It's interesting to
compare Dave Ramsey with Robert Kiyosaki. The reality is that you can
never have enough teachers. Take teachings from real teachers (people
who have had real-world success with what they are teaching about -
not fake teachers) and use them in a way that works for you.
Robert Kiyosaki's
financial teaching comes from the Entrepreneur side. Whereas as Dave
Ramsey's teaching's are more for the 99% of people who simply don't
have it in them to be an entrepreneur.
Two Dave Ramsey blog
posts to look at:
The 4 keys
to building wealth:
1.
Getting Out (and Staying Out) of Debt
2.
Having a Fully Funded Emergency Fund
3.
Investing 15% of Your Income for Retirement
4.
Paying Off Your Home Early
How to
Build Wealth in Your 20s:
- Live
below your means.
- Raise
your standard of living slowly.
-
Budget like your future depends on it (because it does).
- Start
early.
How to
Build Wealth in Your 30s
- Watch
your housing budget.
- Have
your emergency fund securely in place.
- Max out
your retirement savings options.
- Save for
retirement before you save for your kids' college.
How to
Build Wealth in Your 40s
- Know
your portfolio.
- Don't
borrow money from your retirement account.
- If you
have a mortgage, start paying it down.
1. They’re
avid readers.
2. They
understand delayed gratification.
They
realize that instant gratification is fun—but delayed gratification
is so much better. Today’s sacrifices set them up for
tomorrow’s success.
3. They
stay away from debt.
One of
the biggest myths out there is that average millionaires see "debt
as a tool." Not true. If they want something they can’t
afford, they save and pay cash for it later.
4. They
budget.
5. They give.
5. They give.
