Hi All,

I pulled this quote from a copy of Robert Kiyosaki’s Rich Dad Poor Dad. Kiyosaki is a bit of a snake oil salesman, but Rich Dad Poor Dad has some great gems. I especially liked this one, because it does speak to some fundamental truths about society as it relates to money.

The first lesson of having money work for me, as opposed to working for the money is really all about power. If you work for money, you give the power up to your employer. If your money works for you, you keep and control the power“.

– Rich Dad Poor Dad, p. 92.

So, in terms of the practical implications of this for your finances, this means that the more cash you’ve got in the bank, or the more you’ve got properly invested, the more empowered you become.

Thanks,

James

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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