Re: Rich Dad, Poor Dad Lessons Ring True… - Posted by Zee
Posted by Zee on April 12, 2000 at 04:16:21:
I haven’t read that book yet, but hope to begin it this wekend.
What attracts me to REI (at age 47) if the opportunity to have something besides my body earning for me. In most jobs you are only earning so long as you are on the job. This is especially true of professional types, sales types, techs, and other who live fee to fee.
What I am looking for is somebody else paying me (actually, buying my future networth for me), whether or not I can still go put in the time my job requires, or its physical labor. As one professional friend said it: “If I don’t personally work my business for a day, I don’t get paid.”
And I’d love it IF I could come home from my main job and NOT have to spend my “free time” trying to do a second income thing to make up for the lack of income from the first.
By getting started today, I believe I’ll get in about 20 years of capital accumulation, paid by others, so I’ll have something for myself at an age I will still be relatively healthy enough to also enjoy it.
An investment ought to provide capital for future income production even when you can’t personally work.