Teach Yourself New Rules Of Money!

Majority of students or people are well aware of the old rules of money, which schools and colleges teach students every day. Robert Kiyosaki in his book “Rich Dad And Poor Dad” mentioned that schools and colleges give students only old rules of money like ‘go to school, get a good job, buy a house, save money and invest in diversified mutual fund portfolios.’  This old rule of money doesn’t correspond to the new rule of economy. So it is important that you teach yourself about the new rules of modern economic system.

The other day I was just thinking what could be the new rules of money in the modern economy, which schools and colleges are not imparting the students. I came up with the following ideas and I hope they open up your mind.

1. Attend seminars and workshops instead of going to schools and colleges.

Many people are financial ignorant and they don’t have accurate financial education because they didn’t learn anything about money. The schools and colleges failed to provide real financial education. Instead, schools and colleges helped people only to find jobs and work for money. What you need to do is to teach yourself to attend the seminars and workshops that are conducted throughout the cities and towns. You will learn more in seminars than you learn in schools and colleges. I see many parents sending their kids to schools and colleges spending huge sums of money for their children’s education thinking that they are helping their children to get best education. They forget the reality that a new trend has come in and there are new rules of money. The new rules of money will help people more than the old rules of earning money today. It is advisable that you seek education, mainly financial education through attending live seminars or listening to recorded programs. This way you can be well informed and happy to live a better life.

2. Embrace Personal Development.

Many people don’t develop themselves even though they study in premier schools and colleges. Their level of personal growth is limited that they hardly feel necessary to educate themselves in areas that could make them qualified and equipped. You must embrace personal development process so that you can become a qualified and attractive person to attract any success that you want in life. Developing oneself and thereby becoming a qualified person is the new rule for success in this new economy. You got to continuously succeed in becoming a well refined person to attract success that you are looking for. Schools and colleges don’t qualify you to succeed in life rather they qualify you to get a job. Personal development will provide you what you need to succeed in life and lead a better lifestyle. Personal development will make you  an enterprising person.

3. Start your own businesses by learning about entrepreneurship.

Schools and colleges don’t teach people to be business owners instead they teach you how to get jobs and how to work for others. Working for others is not a cup of tea for everybody. So if you want to own your businesses, you must better teach yourself about enterprise and this will give you freedom and assist you to have your own lifestyle. Entrepreneurship is the new rule of money which can give you financial abundance if you learn well the strategies and secrets. Learn to start your own businesses to realize your dreams. Learn from famous and successful entrepreneurs who made big and achieved big. They are big because they have accomplished big by owning their own businesses and you can too do the same.

4. Acquire and build only assets that bring in cash into your pocket.

Many people are rich and successful even after their retirement because of one reason, they have acquired assets that bring in cash into their pocket. Schools and colleges don’t teach people to acquire assets that bring in money instead they teach about liabilities that take money out of their pockets. So in the new economy, the new rule of acquiring asset is very important and you must make a point to build your own asset base and not liabilities. Look around you who have acquired assets that bring them constant cashflow and learn from them.

5. Invest and circulate money.

Teach yourself to invest wisely because you must never lose your money and at the same time you must never save your money in a traditional sense because today what you save is not money rather it is a debt so you lose if you save the debt money. Instead what you can do is to circulate the money. Let it move around and go to other people so that it will bring you more in returns. I am sure you can invest your money in investment vehicles where you will have more control over the portfolio. Try not to hoard your money in saving accounts because it is not helping you much. Invest and circulate your money than to save it safely.

These are some of the new rules of money and if you follow them accordingly they can help you figure out ways to provide you enough returns. I am sure you can teach yourself the new rules of money to reap the future benefits.  Teach yourself to attend the seminars to learn about financial matters, personal development, business, investment, network marketing, assets and good debts. Follow these new rules and you will shine in this new economy.

Alwed Ekka