Information

Kia Ora,

I was asked yesterday where I get this 'rubbish' from. Depends on who point of view you are looking from  as to whether it is rubbish. That is why all financial education if it is worth anything requires the student to do their own checking of the facts (known in the investing world by the words due diligence).

Much of the education part comes from the teachings of Robert Kiyosaki, but it is nothing new just put in a simple to understand format. The biggest issue is changing a persons mindset to be able to understand what he is saying.

Others will say well all this is great but you haven't made it yet. No I haven't but by trying to help those that want help, it helps me understand it better & as I learn more I can teach more & you never finish learning.

I well remember a friend of mine saying (prior to me reading Rich Dad Poor Dad) that many years ago he went to a bank manager for a loan in a country town here in NZ.

Now you have to remember this would of being early 70's as he is a bit older than me & so today it might seem sexist but sentiment & message are still the same.

The bank manager says to him "so what assets do you have?" His reply. "well I have my ute (for those not from Australia or NZ a type of pick up truck is the best description)". With that he says the Bank manager looks over his glasses at him & says "young fella a car is not an asset. It is like a woman, a liability. it costs you money".

Many women would say role has reversed these days. Point is the bank manger used to understand what an asset was where as most bank staff you deal with today are nothing more than salespeople & have no understanding of how system really works.

All they are trying to get you to buy into is an item that is an asset to them that allows them to profit from your imput.