“In the HBO Documentary ‘Becoming Warren Buffet’, Mr. Buffet reveals two rules of investing. Rule Number One: ‘Never Lose Money’. Rule Number Two: Never forget, always remember, rule number one. Do not let the power of these rules be lost on you.
Consider that every purchase you make, how you use your money, either feeds you or eats you. This concept taught by Robert Kiyosaki dates back to ancient Babylon. Everything is either a feeder or an eater; your house, your car, your hobbies, everything you own.
Does it appreciate and feed you, or does it cost you to own it? Your house could be a feeder, an asset, if it appreciates and makes you money, as in you rent a room. It could be an eater, a liability, that costs you monthly mortgage, taxes and repairs. How about your car?
Skill Comes Of Doing – The Proper Fruit Of Knowledge Is Action
Never lose money! Organize your thinking to adhere to this rule. No frivolous spending. Spend only to make more. Invest in yourself. Make what you have make you more. Put your money and investments to work for you. Never lose money! Be smart about it.
The way to wealth is to befriend money. Make it work for you while you sleep and play. Be smart. Save and invest wisely. Be frugal and always live beneath your means so you maintain your financial freedom. Remember the two rules. Apply the two rules. Get smart by learning how to invest. Don’t be stupid with what you have. Celebrate everything!” Rex Sikes
ACT TODAY! Stop suffering! Transform yourself and create your best life ever! Enroll In Mind Design™ Today Stop struggling! It can be easier. Learn to use the mind you have to get what you want!
Horizons photo used with permission of Phil Koch
2 thoughts on “Are You Costing Yourself Or Making Yourself A Fortune?”
Hey Rex! Great post!
Robert is indeed a great inspiration and taught a lot on how to handle money!
Another really good book (you probably read this already) is the ‘The richest man in Babylon’. 🙂
I believe a major reason of why many people uselessly spend money and don’t invest in themselves is because investing in yourself often requires to spend your money on something that is intangible. We cannot see it.
Thanks for sharing! Keep it up! 🙂
Indeed, I agree with both points.The book, I secretly reference in my comment about Babylon. AND two, people buy things but sometimes don’t buy what is most needed because they can’t yet imagine how life would be different if they actually transformed. The future is invisible, the car or dishwasher they can touch right now. Sadly, they end up not moving forward much, or remain in debt for that very reason. The true change comes when they invest, and make the invisible future their visible present.
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