Daily Archives: January 13, 2017

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Rich Dad Mentality Vs Poor Dad Mentality

This is the second in a series of articles based on the groundbreaking best-seller “Rich Dad, Poor Dad” written by Robert Kiyosaki. As stated in the first article, the book compares the mindset of Kiyosaki’s father-who held several degrees and an important position in the government, but struggled financially–, with the mindset of his best friend’s father-who never even finished high school but left his son a financial empire. In his book, Kiyosaki explains that the mindset held by each of these two men, his “poor dad” and his “rich dad”, was largely responsible for each man’s financial destiny.

The following quote by T. Harv Eker, author of “Secrets of the Millionaire Mind”, refers to the concept of a rich person’s mindset: “Rich people have a way of thinking that is different from poor and middle class people. They think differently about money, wealth, themselves, other people, and life.” Kiyosaki expounds this same principle in “Rich Dad, Poor Dad”.

Below you will find seven mayor differences between the “poor dad” and the “rich dad” mentality:

1. The “poor dad” mentality states that your wealth depends on your family of origin. That is, to be rich you have to be born rich. “Rich dad” espoused the view that being rich or poor is something that you learn. You can learn to think in ways that will support you, and you can raise your financial IQ by reading books on finance, talking to financially successful people, and attending seminars and lectures. When you have the right belief system and the necessary knowledge on how to create, build, and protect wealth, you will become rich even if you were not born into a wealthy family.

2. “Rich dad” taught Kiyosaki that he should get a job to learn and to acquire the necessary skills so that he could go on to start his own business. “Poor dad” saw his job as his source of income for life. While “rich dad” taught Kiyosaki to strive to become financially independent, “poor dad” taught him to depend on his employer for his financial well being.

3. When faced with an opportunity, “rich dad” would ask himself: “How can I afford this?” This forced his mind to think and to come up with creative solutions to be able to take advantage of the opportunity that had presented itself. Instead, when presented with an opportunity, “poor dad” would dismiss it by saying: “It’s too bad I can’t afford this.”

4. While “poor dad” stressed scholastic education, “rich dad” always stressed financial education.

5. For “rich dad” the main cause of poverty or financial struggle was self-inflicted fear and ignorance. “Poor dad” blamed the economy and the job market. That is, “rich dad” always took responsibility for himself and felt that he created his circumstances, while “poor dad” often felt like a victim of the outside world.

6. As for risk taking, “rich dad” taught Kiyosaki to learn to manage risk. “Poor dad” taught him that when it came …


The Best Way to Make Money From a Blog

While it's not garnering quite as much interest as a few years ago, blogging is still very hot. Millions of people already have blogs, and thousands starts them every day. There is a buzz about the money making potential of blogs, too, with countless guides, articles and e-books on how best to do this.

Most of these center around these basic methods: serving ads such as AdSense, Performancing Ads, and Widget Bucks; putting affiliate links up; and writing reviews.

While these are all tried and true methods, all except the last need a lot of traffic to bring in some cash. AdSense in particular will only be profitable if the blogger is drawing in thousands of hits per day.

So now, with so many people starting blogs and using these techniques in the hope of earning an income, the market is becoming increasingly scheduled. There are many people who work hard for months and end up with nothing to show for it. Understandably they are bitterly disappointed. Some subsequently give up blogging entirely.

That's unfortunate. Just because you're not making money directly off your blog it does not mean you've failed. In my opinion the best approach is to look way ahead, and stop seeing your blog as an end in itself. Instead, think of it as an adjunct to something else; a branding tool and a profile raiser.

You've got all that material up there, remember. You can rejig it somewhat and turn it into a book through one of the blog-to-book sites such as Lulu, and start promoting that. (And even if it does not sell one copy, you've still got a book to your name!)

You might not want to do this. But you can still take your blog posts, rewrite them substantively and turn them into articles. If you post these to article directories you can lift your profile even higher.

Your blog posts and articles will keep appearing occasionally in various searches and you'll start to get known for your knowledge and skills. You'll gradually develop a kind of niche-related internet fame. Subsequently, every now and then people will start Googling your name directly. They'll see your blog and article directory profile, listing all your articles. People will be impressed at all the knowledge you've accumulated. Needless to say this will confer fundamental credibility.

This is extremely valuable for anyone selling any kind of product or service. And even if you are not selling anything yet, you may end up doing so when you realize your knowledge is so respected and in demand.

So, do not give up that blog just yet. It does not matter what you do, just keep posting about what you love and know about. It will pay off now, quite probably in ways you have not even thought of yet! …