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.