Overcoming Obstacles from Rich Dad, Poor Dad by Robert Kiyosaki

5 reasons people don't grow their asset column:
1. Fear--the main difference between a poor person and a rich person. Develop a Texan attitude: Be proud when you win and brag when you lose (at least you went for it). If you lose enough, you will win because winning usually follows losing. Losing/Failing makes you stronger if you will allow it to. Use the failures to inspire you.

2. Cynicism--Everyone has doubts or "noise" in their lives either in their heads or from outside sources. How you handle those doubts or the noise is critical though because they can make you poor. "Unchecked doubt and fear creates a cynic." p. 154 Criticizing instead of analyzing is a thought pattern that keeps people poor. When investing, you can use stops to help minimize your losses if prices begin dropping.

3. Laziness--staying busy to avoid something you don't want to face. The cure for this type of laziness is a little greed. Don't use the words, "I can't afford it." instead use the words, "How can I afford it?"

4. Habits--the reflection of your life. Pay yourself first.

5. Arrogance--ego + ignorance. What you know makes you money, what you don't know makes you lose money. If you know you are ignorant in an area, educate yourself.

Forgiven

Forgiven

Forgiven! All I had to do was ask.

Coming to a point of realization and

Asking Him for forgiveness.

I am forgiven!

Anytime, day or night,

No matter how far I have run,

One Person is waiting for me to ask Him.

I am forgiven!

No matter what I am going through

Christ is waiting for me.

All I have to do is ask Him for help, because

I am forgiven!

It doesn't matter about what I have done,

Or who I have become.

There is One name that I can call upon; and then

I am forgiven!

I am forgiven because He loved me.

He loved me so much that He died.

He died a very cruel death,

So I could be forgiven!

I am forgiven!

Tamara Renee Dugger Brown 8-19-94

Lesson 6 from Rich Dad Poor Dad by Robert Kiyosaki

Work to Learn; Don't Work for Money


1. You need other skills besides working hard.


2. You need more than talent.


3. Know a little about a lot. (This depends on how you apply it because the first thing that came to mind was "Jack of all, master of none." However, if you're looking at within a particular field such as a business, an overview knowledge of all aspects in needed.)


4. J.O.B.-Just Over Broke is in this chapter along with the concept of at the job you are working just hard enough not to get fired and getting paid just enough not to quit. (p. 136)


5. Analogy of getting into the bill paying routine is similar to being a hamster on a wheel--round and round you go without going anywhere.


6. Communication skills are vital to becoming successful.


7. Give as well as receive. The truly wealthy are those who give.


8. Most importantly to me--I have a better understanding and clearer picture regarding what my mentor has been doing with me for the past 2 years. He has continued to educate me and make my skills more diversified. About the time I have figured out what he expects of me in my role, he changes it. New responsibilities are given and new skills are learned. Delegation has also been included in that.

No, Really???

Do you ever have a day or two, or perhaps a week that feels that way? Wow, my week is off and running and I'm having a hard time keeping up with it. For those of you who know me really well, you know I deal with Fibromyalgia and Chronic Fatigue. 

A couple of years ago I was introduced to a supplement that has changed my life. Not to retell the story (you can look at older blogs if you want to read it) but in reality, I had reached a point where I was hopeless; I had given up. I've written a lot about dealing daily with fibromyalgia on my team site but it's been a while since I've really written. Okay, I'm rambling trying to set the stage. 

Anyways, the last 2 weeks my body has been reminding me that it's not well yet. I've been running low grade fevers and feeling quite fatigued. (It took years to become this ill so it will take time to recover. Every so often my body likes to remind me that I haven't arrived yet.) The fever finally manifested itself in a way that I could respond and deal with it--sinus issues. Spent a few days dealing with it but . . . I quit too soon! So, what happened today? You guessed it! Sinus issues, headache, and fatigue back. 

It reminds me of a couple of things. First it reminds me of the Christian life. The Bible talks about being a new creature in Christ; old to new. One thing that Christians sometimes forget though is you need to replace the old habits/things with new habits/things. If you don't, you end up going back to the old. 

That principle applies to life in general, too. If you are trying to change your old habits such as eating poorly, you must replace it with good. If you are trying to change your thought process, you have to put new material in there. 

Another thing that comes to mind is the quitting too soon. So many times we are nearing the finish line, achieving the goal, and we quit. We think we are close enough or possibly we think it is too hard and we quit. If we would have continued, we would have accomplished what we set out to accomplish. By like Paul who said that he had fought the good fight and finished his course. Be a finisher not a quitter!

Also running through my head is Psalm 61:2, ". . . when my heart is overwhelmed: lead me to the rock that is higher than I." Now, my heart isn't overwhelmed but my mind certainly is! One of the issues with fibromyalgia is a term called "fibro fog" where your thoughts just don't come or come clearly. 

(If you could see me writing this post, you'd have to laugh as I experience one of those moments, lol.) My mind tends to fill up to the point that it "quits" on me. I've been experiencing that for a couple of days now. Instead of stressing out or worrying about it, I'm singing Psalm 61:2-3. It's a great way to calm the mind and de-stress the body. 

This too shall pass! Enjoy life; we all have different things that we deal with!

Lesson 5 from Rich Dad Poor Dad by Robert Kiyosaki

p. 110--"We all have tremendous potential, and we all are blessed with gifts. Yet, the one thing that holds all of us back is some degree of self-doubt. It is not so much the lack of technical information that holds us back, but more the lack of self-confidence. Some are more affected than others."

Being smart is good, but those who are bold frequently get ahead.

You need both knowledge and courage. Fear that is too great suppresses your genius.

Don't wait for the "right" opportunity to come along.

Your mind is the greatest and most powerful asset you have. Learn to be creative when looking for financial solutions.

Learn to welcome changes instead of clinging to the past.

You see great opportunities with your mind.

Always remember to have fun.

"Sometimes you win and sometimes you learn. Most people never win because they are afraid of losing. In school we learn that mistakes are bad, and we are punished for making them. Yet, if you look at the way humans are designed to learn, we learn by making mistakes." . . . "Unfortunately the main reason most people are not rich is because they are terrified of losing. Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success." p. 125

Develop your financial IQ. Invest in developing your financial IQ. Results:

1. You have more options. As changes come, you will see opportunities and know how to respond.

2. You will prosper greatly. New ideas, new information is how money is invented.

Since there is always risk involved, learn to manage the risk instead of avoiding it.

Lesson 4 from Rich Dad Poor Dad by Robert Kiyosaki

1. Be educated. Know the laws.

2. Knowledge is power. Without it, the world pushes you around.

3. Corporations are a secret of the rich.

4. 1031--trade up in real estate to delay paying taxes on the gains.

5. 4 areas to financial IQ--accounting, investing, understanding the markets, the law

6. A wealthy person owns nothing. They control everything but own nothing.--protection from lawsuits (Suggested book on power of personal corporations--Inc. and Grow Rich.)

7. The difference between a corporation and a person is a corporation earns, spends, then pays taxes on what's left while an individual earns, pays taxes, then spends what is left.

How about You?

O sing unto the Lord a new song; for he hath done marvellous things: his right hand, and his holy arm, hath gotten him the victory. (Psalm 98:1 KJV)

Make a joyful noise unto the Lord, all the earth: make a loud noise, and rejoice, and sing praise. (Psalm 98:4 KJV)

How about you? I know personally that I don't praise the Lord like I should. He gives me so much yet I tend to ignore that it's from Him. As I sit outside this beautiful Saturday afternoon reading my Bible, my heart is full with all He has done for me. Thank you, Lord, for the many marvelous things you have graced my life with!