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.
Showing posts with label Professional Investor. Show all posts
Showing posts with label Professional Investor. Show all posts
September 14, 2011
September 13, 2011
Professional Investors
Warren Buffett said, "It's important for society to have accurate and informed sources of information."
This very statement made me decide to have a financial mentor to guide me in my investments. It is very crucial especially for a newbie like me. I need to invest for my future and to increase my cash flow.
Robert Kiyosaki said, "That there are two things professionals invest for: 1) Capital gains, and 2) Cash flow."
He further cited examples of these two.
Capital Gains
Here's an example of capital gains for a great price: Back in the 1990s, every time I had some extra cash I would buy some gold or silver. Although I didn't receive any cash flow from gold or silver I knew I was purchasing the metals at a great price, and that someday those prices would rise again.
Cash Flow
An example of buying for cash flow at a great price is when I buy a stock that pays a dividend. I wait until the stock market dips and then buy, which is what I'm currently doing. Every time the market drops, I buy more of this stock at a great price, because I love the cash flow from dividends.
Combination of Capital Gains and Cash Flow
Finally, an example of buying both capital gains and cash flow at a great price is when I find an apartment building at a bargain, and then increase the rents. By doing so, I increase the cash flow and the property value, which translates into capital gains.
I ask myself, as of this very moment, where do I invest my money for Capital Gains or Cash Flow?
But when Robert Kiyosaki was ask, what do you invest for? He said, both.
As for me this is a very accurate and informed source of information. I love to hear from the great investors and leaders of our time. They are the sources of information I really need to hear.
I want to leave this question to you, who do you listen to? What information do you constantly get? And where is that information coming from?
This very statement made me decide to have a financial mentor to guide me in my investments. It is very crucial especially for a newbie like me. I need to invest for my future and to increase my cash flow.
Robert Kiyosaki said, "That there are two things professionals invest for: 1) Capital gains, and 2) Cash flow."
He further cited examples of these two.
Capital Gains
Here's an example of capital gains for a great price: Back in the 1990s, every time I had some extra cash I would buy some gold or silver. Although I didn't receive any cash flow from gold or silver I knew I was purchasing the metals at a great price, and that someday those prices would rise again.
Cash Flow
An example of buying for cash flow at a great price is when I buy a stock that pays a dividend. I wait until the stock market dips and then buy, which is what I'm currently doing. Every time the market drops, I buy more of this stock at a great price, because I love the cash flow from dividends.
Combination of Capital Gains and Cash Flow
Finally, an example of buying both capital gains and cash flow at a great price is when I find an apartment building at a bargain, and then increase the rents. By doing so, I increase the cash flow and the property value, which translates into capital gains.
I ask myself, as of this very moment, where do I invest my money for Capital Gains or Cash Flow?
But when Robert Kiyosaki was ask, what do you invest for? He said, both.
As for me this is a very accurate and informed source of information. I love to hear from the great investors and leaders of our time. They are the sources of information I really need to hear.
I want to leave this question to you, who do you listen to? What information do you constantly get? And where is that information coming from?
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