You got to learn the basics of how money works before you start stock investing
I never have the chance yet to share with you I have learned from some of the great financial books out there today that help me and some of the people who have found financial freedom. So I decided to write about some of these books from time to time in order for you to direct your focus back to what you have been wanting, that is financial freedom.
Lots of you might have seen Facebook news feed and updates of some financial advocates showing the books that they have read. Some read books about Fundamental Analysis, Technical analysis, candlestick charting, economics, and others but if you are just starting in the stock market I would not suggest those topics just yet. We all need to start at beginning. The very first thing that you need to know is how will you change your perception of wealth.
For many wealth is seen as having the things you wanted in life. But there seems to be something wrong with that idea. Yes it is not bad to want but at what cost will you bear in order to fulfill a want? And such idea is what Robert Kiyosaki in his book Rich Dad Poor Dad is pointing out.
The book usually shows comparison on how Robert’s poor dad, a government employee, and his friend’s rich dad, a businessman, differs. One of the argument that constantly butts in is poor dad’s thinking that getting an education of the high paying profession will surely give you prosperity in your later years. Rich dad’s idea though is getting to know how money really works and developing one’s entrepreneurial and selling/marketing skills is far better than a glorified education. He is not discounting the benefits of a good education but he rather want’s to lead you to think of how an active and a passive income really works.
Also the Rich Dad Poor Dad popularize the concept of CASHFLOW Quadrant and Cashflow 101 and Cashflow 202. The Cashflow game is a simulation game that enables the player to experience how to deal with circumstances like buying a rental property or buying a stock and how one make money out of it. It also aims to get you out of the rat race that is living from paycheck to paycheck and not having what you could have if you have save and invested such savings that will generate passive income.
If you haven’t read the book yet why don’t you grab a copy at the links below. Yes those are affiliate links and you do me a favor if you get a copy to help this blog alive.