What Schools Will Never Teach You About Money By Robert T. Kiyosaki


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Bonus FAQ #2: Do I Need a Coach?
FAQ 
When do you hire a coach?
Short Answer
When something is important to you.
Explanation
Professionals have coaches and amateurs do not.
Superman and Wonder Woman exist only in comic books. The rest of 
us are human beings.
All professional athletes have coaches. They may be talented, but they 
know they are not Supermen or Wonder Women.
I know I am not Superman. If I were, I could do everything I wanted. 
Life would be easy.
And while I may not be Superman, I know I have untapped power and 
potential. I know I need to be pushed if I want to access that power 
and maximize my potential. 
When I know I need to be pushed, held accountable, challenged to go 
beyond my resistance, my laziness, my limitations, I hire a coach—if 
what I want is important to me.
Recently a close friend died. He was a young man. He was a great guy 
and very successful in every area of his life, except his health. Rather 
than hire a coach, change his diet, and stop drinking, he simply 
worked harder. He, like so many, let his health deteriorate while he 
focused on earning more and more money. Today he is dead, leaving 
behind a young wife and two kids.
In my opinion, entrepreneurship requires the highest level of financial 
education. Entrepreneurs are also the richest people in the world. 
Real estate requires the second highest level of financial education.
Paper assets are the easiest to get into. You can invest with a few 
dollars—or millions of dollars. Paper assets are also the riskiest of the asset 
classes, especially in a volatile economy. 
Commodities require the least financial education. If you invest in 
precious metals such as gold and silver, all you have to know is how much 
money central banks are printing and how much debt the country you 
live in is carrying. In the United States, gold and silver have been a good 
investment since 1998. All you have to do is buy and hold.
How long the precious-metals market will remain a good market for 
investors will depend upon the actions of our world leaders. If our leaders 
do a good job, gold and silver will decline in value. If our leaders are 
incompetent, gold and silver will go through the roof.

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