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September 14, 2011

The 90/10 Rule of Money

I got to read this wonderful article from Robert Kiyosaki, these are just some of the insights I got to know from him.

In the world of money, the rule is 90/10. This means 90 percent of the people make 10 percent of the money and 10 percent of the people make 90 percent of the money.

Crisis is a good time for professionals and a bad time for amateurs in investing.

What is the difference between a professional and an amateur investor?

Professionals know their best is not good enough. They always want to do better. When someone says, ‘I'll do my best' or ‘I'll give it my best shot' or I'll try,' they've already lost. Those are not words of a winner.

In the world of ‘the best,' your best is never good enough. If you're going to be a winner in life, you have to constantly go beyond your best. Most people are happy being average. Most are happy being faceless in a sea of faces. That's why 10 percent always win 90 percent of the rewards. I get up every day, grateful for what I have accomplished, yet looking forward to doing better. I want do better than my (previous) best everyday. It's not about the money anymore. I have enough money. I just love the game of making money.

Amateurs are amateurs because they do not love the game enough. When it is cold and rainy, a professional golfer will play. The amateur will not. When they are sick, the professional will play. The amateur stays in bed. When they are losing, the professional will practice harder and enter more tournaments. The amateur will quit and take up tennis.

A financial crisis is a great time for professional investors and a horrible time for average ones. If you're going to invest, don't be average. It's time to turn pro... or take up tennis.



It is such a great idea from Robert Kiyosaki to becoming professional from an amateur investor. This phrase impacted me most, "your best is never good enough."
Professionals never quit, they love the game.
This is also true in all areas of our life. Whatever we are doing right now, to be the best is our goal in everyday endeavor.

I will learn and love the game of making money.
I will play the game to better myself to love more, serve more, and do more.

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