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Saturday, February 20, 2010
Weekend Quote from a Book - Control
If you are going to build a rich ark, rich dad said, “you need to be in control of its construction, what is loaded in the cargo holds, and who is steering it.” After the market crash of March 2000, millions of people came to feel less secure about their financial future. Why? Because they were not in control of their ark or its cargo, and many did not know who their skipper was.

Rich dad stated that security and freedom were not the same words, in fact they are almost opposite from each other. Rich dad said, “the more security you gain, the more freedom you lose.” He also said, “A person who seeks security often gives up control over parts of their lives. The more control you give up, the less freedom you have.” Many people feel insecure about their financial future and retirement because they have given up most of the control over their financial future.

In Rich Dad, I stated that rich dad said the most important word in business was cash flow. In Retire Young Retire Rich (book number five in the Rich Dad series), I wrote that the second most important word was leverage, the ability to do more and more with less and less. Although rich dad never directly said it, if there was a third most important word in his vocabulary, I believe it would be the word control.

- Source: Rich Dad's Prophecy: Why The Biggest Stock Market Crash in History is Still Coming...and How You Can Prepare Yourself and Profit From It!

by Robert T. Kiyosaki with Sharon L. Lechter

Note: I am an affiliate. Please also see Disclosures and Disclaimer

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posted by Little Rishi @ Saturday, February 20, 2010  
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