If you’ve read Rich Dad Poor Dad, you know I used two main
vehicles to achieve financial growth: real estate and small-cap stocks.
I use real estate as my
foundation. Day in and day out, my properties provide cash flow and occasional
spurts of growth in value. The small-cap stocks are used for fast growth.
However, I was not able
to use either until I got educated.
If you play CASHFLOW
then you know how great stocks can be for fast growth, but again… only if you
are educated.
An example of how fast
gains can be made are 100,000 shares purchased for 25 cents each before the
company goes public. Six months later, the company is listed, and the 100,000
shares now are worth $2 each. If the company is well managed, the price keeps
going up, and the stock may go to $20 or more per share. There are years when
our $25,000 has gone to a million in less than a year.
Investing is not risky
if you know what you’re doing. It is risky if you’re just throwing money into a
deal and praying. The idea is to use technical knowledge and wisdom to cut the
percentages down to lower the risk.
Of course, there is
always risk. It is financial intelligence that improves the percentages.
What is risky for one
person is less risky to someone else. That is the primary reason I constantly
encourage people to invest more in their financial knowledge than in stocks,
real estate, or other markets. The smarter you are, the better likelihood you
have of beating the percentages.
Nothing I have written
is a recommendation. It is only used as an example of what is simple and
possible. What I do is small potatoes in the grand scheme of things. Yet for
the average individual, a passive income of more than $100,000 a year is nice
and not hard to achieve. Depending on the market and how smart you are, it
could be done in five to 10 years. If you keep your living expenses modest,
$100,000 coming in as additional income is pleasant, regardless of whether you
work. You can work if you like or take time off if you choose and use the
government tax system in your favor, rather than against you.
by Rober Kiyosaki
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