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1997 Is the Year Robert Kiyosaki Delivered the Best Money Advice for Millennials and Gen Z
Millennials and Gen Z have the best of everything.
A few days ago my girlfriend and I were planning to go to Rome, Italy. And we thought: In some ways, it’s stupid to buy a trip now since the electric bill is high in January. But on the other hand, we are sure to make money and it is cheaper to buy the trip now in advance than in the week of the trip.
Warren Buffett has two money rules.
- Rule number 1: never lose money.
- Rule number 2: don’t forget rule number 1.
These rules are difficult to follow. You simply have to understand the flow of money and be able to distinguish between results and flow in a company.
Two types of investors according to Kiyosaki
Kiyosaki sees investing as a tennis match. You play and sometimes you win, sometimes you lose.
If I lose, I still thank the opponent for the good game and evaluate what I did wrong, what I should stop doing, what I should continue to do, and what I should start doing.
This is exactly how you can look at investments. Not all your investments will do well, but then Kiyosaki talks…
