I just got a mail from my stock broking cum investment banker friend joyfully expressing his target to achieve a handsome amount of green in 2011. He asked my opinion. I don’t know how to reply. For a while I thought why don’t I forward this post to him and therefore I have penned my thoughts on opposing philosophies in search of wealth accumulation and money management.
Rich Dad, Poor Dad, Robert Kiyosaki’s first best-selling book, “3 Idiots –“a block buster Hindi movie of Amir Khan and the ongoing “MUKTHI BANDHAN” TV soap aired everyday in Color TV channel in India has answers to the opposing philosophies of wealth and money.
In simple terms ask the following three questions to yourself.
Can the ordinary person get rich?
Can it be done as fast?
Is education as worthless?
Read the book; watch the movie and the serial. Your mind and thinking process on wealth management will be clearer and clearer.
The book Rich Dad, Poor Dad highlights the Opposing Philosophies of life naturally thought on the following lines:
One dad thought the rich should pay more in taxes to take care of the unfortunate – the other said “Taxes punish those who produce and reward those who don’t produce.”
One dad recommended, “Study hard so you can find a good company to work for.” The other recommended, “Study hard so you can find a good company to buy.”
One said, “When it comes to money, play it safe, don’t take risks.” The other said, “Learn to manage risk.”
One believed, “Our home is our largest investment and our greatest asset.” The other believed, “My house is a liability, and if your house is your largest investment, you’re in trouble.”
One dad believed in a company or a government taking care of you and your needs. The other believed in total self-reliance.
One dad struggled to save a few dollars. The other simply created investments.
The movie 3 Idiots – Friend Rancho influenced and inspired other two friends to think creatively and independently, even as the conformist of the world called them “three idiots.” Two other friends after the examination and settlement in job were in search of the original idiot now? Finally, in the misty mountain ranges of unparalleled beauty, the friends find the key to the secret smeaning of “money and wealth” and of course could not locate his friend Rancho.
Indian Drama Soap Opera Mukti Bandhan an adaptation of Harikishan Mehta’s popular novel Mukti Bandhan (Salvation bond) aired on Colors TV channel is a story about Ishwarlal Motilal Virani having come from very ordinary background who is not a God fearing man and rather believes in his abilities to become successful and wealthiest person in life.He is hopeful of adding 2+2 = 22.
From the above one can derive very bright management philosophies on wealth and asset managemt goals.
I am always of the opinion that “Money and You “always dominate your thoughts and dreams of your life knowingly or unknowingly. Therefore my friend having set his wealth goal is not surprising.
In other words one has to understand the art of blending that making your money work hard for you instead of working hard for your money.
Many critics of the book, movie and the TV serial may cut it as tall poppy or the dumbest themes ever portrayed with factual errors and numerous extremes.
I don’t agree. What about you!