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At the beginning of my life the rich daddy learnt us not to how to be released from debts, and to how to borrow money. It learnt us to be borrowers that in the future we could cope with the big arks. One of its most important lessons consisted that if you are going to to make a bad debt for this financial education or the financial report it is not required. He spoke: itIf everything that you want, are bad debts the banker will not demand from you to show the financial report. For purchase of the house, the car or reception of a credit card of enough simple demand for credit reception. But if the good debt which will make you rich the banker will demand that you have brought with yourselves the financial report is necessary to you. Before to allow you to make a good debt, the banker at first will want to see the sheet of your financial progress - your financial report to find out, whether enough you are clever for management of a good debtit.Good and bad percent
The same concerns people who do savings. If you do not have decent financial education, the banker will pay to you the low interest for the contribution. If you financial dock there is a set of programs which pay much higher percent. To that an example a case with two taxable percent on the contribution against 7,75 free percent from taxes under municipal mortgages which I have described in one of the previous heads. In other words, the fear of the lowest reason too very much costs much to people who do savings. Therefore, if you wish to be the captain of the big ark, you need to know a difference between a good and bad debt, and also between good and bad percent.
Compulsory education
Analysis paralysis
Warren Baffet speaks: itIf the transaction demands from you too careful investigation, means, here something not soit.
Education reduces fear
Only financial education which I have received at the rich daddy, has helped me to take under the control fear before investment. The fear remained with me till now, but thanks to education and experience I nevertheless have managed to start construction of the ark. The status which I have tested after finding of financial freedom became one of the greatest surprises in my life. I always thought that as soon as I will have enough money, I will leave on rest, I will sit down at the ark, and I will enjoy idleness. In 1994 at the age of 47 years I at last have finished ark building. Then I have found out what to do nothing boringly, and in 1996 have thought up a board game itthe Monetary stream 101it.
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