Poor Dad v/s Rich Dad
Poor Dad v/s Rich Dad
Poor Dad (One Dad)
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Rich Dad (Other Dad)
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“The love of money is the root of all evil.”
پیسے سے پیار ،ہر برائی کی جڑ ہے۔
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“The lack of money is the root of all evil.”
پیسے کی کمی ،ہر برائی کی جڑ ہے۔
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One dad had a habit of saying, “I can’t afford it.” One is a
statement۔
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The other dad forbade those words to be used. He insisted I ask, “How
can I afford it?”
Other is a question.
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One lets you off the hook.
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The other forces you to think.
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“I can’t afford it,” your brain stops working.
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“How can I afford it?” your brain is put to work.
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He did not mean that you should buy everything
you want. “My brain gets stronger every day because I exercise it. The
stronger it gets, the more money I can make.” He believed that automatically
saying “I can’t afford it” was a sign of mental laziness. Proper physical
exercise increases your chances for health, and proper mental exercise
increases your chances for wealth.
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One dad thought that the rich should pay more in taxes to take care
of those less fortunate.
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The other said, “Taxes punish those who produce and reward those who
don’t produce.”
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One dad recommended, “Study hard so you can find a good company to
work for.”
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The other recommended, “Study hard so you can find a good company to
buy.”
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One dad said, “The reason I’m not rich is because I have you kids.”
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The other said, “The reason I must be rich is because I have you
kids.
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”One encouraged talking about money and business at the dinner table,
while
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The other forbade the subject of money to be discussed over a meal.
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One said, “When it comes to money, play it safe. Don’t take risks.”
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The other said, “Learn to manage risk.”
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One believed, “Our home is our largest investment and our greatest
asset.”
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The other believed, “My house is a liability, and if your house is
your largest investment, you’re in trouble.”
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One paid his bills first
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The other paid his bills last.
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One dad believed in a company or the government
taking care of you and your needs. He was always concerned about pay raises,
retirement plans, medical benefits, sick leave, vacation days, and other
perks. He was impressed with two of his uncles who joined the military and
earned a retirement-and-entitlement package for life after twenty years of
active service. He loved the idea of medical benefits and PX privileges the
military provided its retirees. He also loved the tenure system available
through the university. The idea of job protection for life and job benefits
seemed more important, at times, than the job. He would often say, “I’ve
worked hard for the government, and I’m entitled to these benefits.”
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The other believed in total financial
self-reliance. He spoke out against the entitlement mentality and how it
created weak and financially needy people. He was emphatic about being
financially competent.
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One dad struggled to save a few dollars.
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The other created investments.
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One dad taught me how to write an impressive
resume so I could find a good job.
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The other taught me how to write strong business
and financial plans so I could create jobs.
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Being a product of two strong dads allowed me the
luxury of observing the effects different thoughts have on one’s life. I
noticed that people really do shape their lives through their thoughts.
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My poor dad always said, “I’ll never be rich.”
and that prophecy became reality.
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My rich dad, on the other hand, always referred
to himself as rich. He would say things like, “I’m a rich man, and rich
people don’t do this.” Even when he was flat broke after a major financial
setback, he continued to refer to himself as a rich man. He would cover
himself by saying, “There is a difference between being poor and being broke.
Broke is temporary. Poor is eternal.”
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My poor dad would say, “I’m not interested in
money,” or “Money doesn’t matter.”
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My rich dad always said, “Money is power.”
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One wanted me to study hard, earn a degree, and
get a good job to earn money. He wanted me to study to become a professional,
an attorney or an accountant, and to go to business school for my MBA.
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The other encouraged me to study to be rich, to
understand how money works, and to learn how to have it work for me. “I don’t
work for money!” were words he would repeat over and over. “Money works for
me!”
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There is a difference between being poor and
being broke. Broke is temporary. Poor is eternal.
Money is one form of power. But what is more
powerful is financial education. Money comes and goes, but if you have the
education about how money works, you gain power over it and can begin
building wealth. The reason positive thinking alone does not work is because
most people went to school and never learned how money works, so they spend
their lives working for money.
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The Road
Not Taken
Two roads diverged in a yellow wood,
And sorry I could not travel both
And be one traveler, long I stood
And looked down one as far as I could
To where it bent in the undergrowth;
Then took the other, as just as fair,
And having perhaps the better claim,
Because it was grassy and wanted wear
Though as for that the passing there
Had worn them really about the same,
And both that morning equally lay
In leaves no step had trodden black.
Oh, I kept the first for another day!
Yet knowing how way leads onto way,
I doubted if I should ever come back. I shall be telling
this with a sigh
Somewhere ages and ages hence;
Two roads diverged in a wood, and I—
I took the one less traveled by,
And that has made all the difference.
And that has made all the difference.