Select Your Friends Carefully

by Dual Income No Kids on December 8, 2009 · 0 comments

Hi Folks,

Some days you’ve got to love Robert Kiyosaku, some days you’ve got to hate him. Today I’m loving Kiyosaki. He’s got a great quote on the impact friends have on wealth that makes a lot of sense:

CHOOSE FRIENDS CAREFULLY: The power of association. First of all, I do not choose my friends by their financial statements. I have friends who have actually take the vow of poverty as well as friends who earn millions every year. The point is I learn from all of them, and I consciously make the effort to learn from them.

Now I will admit that there are people I have actually sought out because they had money. I was not after their money; I was seeking their knowledge. In some cases, these people who had money have become dear friends, but not all.

But there is one distinction that I would like to point out. I’ve noticed that my friends with money talk about money. And I do not mean brag. They’re interested in the subject. So I learn from them, and they learn from me. My friends, whom I know are in dire straights financially, do not like talking about money, business or investing. They often think it rude or unintellectual. So, I also learn from my friends who struggle financially. I find out what not to do.

A WARNING: Do not listen to poor or frightened people. I have such friends, I love them dearly, but they are the “Chicken Littles” of life. When it comes to money, especially investments, “The sky is always falling.” They can tell you why something won’t work. The problem is, people listen to them, but people who blindly accept doom-and-gloom information are also “Chicken Littles”. As the old saying goes, “Chickens of a feather flock together”.

Rich Dad Poor Dad, p. 153-154. Bolding and italics are my embellishment.

There is a lot of truth in this quote. If you want to gain wealth, financial security, make extra money, learn about interest rates, etc. etc. A great way to do it is by associating yourself with people who know what they are doing and conversely, by ignoring the views of people who don’t.

Thanks All,

James

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