My money 98

" Unfortunately, winning the lottery is how many Americans say they plan on becoming rich. Living your life with odds of one in a hundred million is a very high price to pay. And if you do not have a plan on how to handle the problem of too much money, you will go back to being poor. Recently, there was a story in the paper of a man who won the lottery. He had a great time but was soon so deeply in debt that he considered filing bankruptcy. He was doing fine financially before he won the lot- tery. So to solve his problem, he went out and played Rich Dad's Guide to Investing the lottery again-and won. This time, he has financial advisors helping him with his money. So the moral of the story is: If you win the lottery once have a plan for the money. Not too many people win it twice. 5. You can become rich by being a movie star, a rock star, a sports star, or someone outstanding in one field or another. Rich dad would say, "I am not smart, talented, good look- ing, or entertaining. So becoming rich by being out- standing is not realistic for me." Hollywood is filled with actors who are broke. Clubs are filled with rock bands dreaming of cutting a gold record. The golf courses are filled with golfers dream- ing of becoming a pro like Tiger Woods. However, if you look closely at Tiger Woods, you will notice that he paid a high price to get to where he is today. Tiger started playing golf at the age of 3 and did not turn pro until he was 20. His price wds 17 years of practice. 6. You can become rich by being greedy. The world is filled with people like this. Their favorite say- ing is: "I got mine and I am going to keep it." Greedy with their money and assets usually means they are also tight with other things. When asked to help other people, or to teach other people, they often do not have the time. The price for being greedy is that you have to work even harder to keep what you want. Newton's Law states, "For every action there is a reaction." If you're greedy, people will respond to you in kind. When I meet people who are having a tough time with money, I ask them to start giving money away on a reg- What Is the Price of Becoming Rich? 205 ular basis-to their church or favorite charity. Following the laws of economics and physics, give what you want. If you want a smile, first give a smile. If you want a punch, first throw a punch. If you want money, first give some money. For greedy people, opening up their fist or wallet can be very hard to do. 7. You can become rich by being cheap. This is the one that set rich dad's blood boiling. He said, "The problem with becoming rich by being cheap is that you are still cheap. The world hates rich people who are cheap. That is why people hated the charac- ter Scrooge in Charles Dickens' famous story, 'A Christmas Carol.'" Rich dad would say, "It is people who become rich like Scrooge that give the rich a bad name. To live poor and die poor is a tragedy.