Have you read Robert Kiyosaki's book Rich Dad Poor Dad? It's a good book and an eye-opener for me in terms of financial education. I remember being 10 years old and hearing my older brother Daniel and Father talking about the book and being surprised about a house not being considered an asset. I didn't read it until last year, I wish I read it when I was younger. I likely would have taken many different decisions with my money in the past. All I can do though is change what I do today and for the future.
3 years ago Mai and I invested in my Father-in-Law's Cashew Nut farm. I'm happy we did invest as this year is the first big harvest. We actually got to see the nuts we invested in. 3 years ago we also discussed during this year we could also invest more into the farm. Today Mai and I debated whether we should do it since we are moving back and I don't currently have a job, it would be risky for us to invest the money. Our discussion was left at a standstill until we could talk with her Father about our options for the payment.
Then just now I was reading part of Rich Dad Poor Dad and he makes some bold points that stand out:
-Instead of thinking "I can't afford it," ask yourself, "How can I afford it?"
-Most people struggle financially because they play not to lose instead of not to win.
-Focus on building your asset columns
-The rich manage risk, the poor fear risk.
After reading these it makes me second guess my initial response to the idea of investing into the farm again and makes instead think that no matter what happens, if we invest the money into the farm, when we get to SD, I'll find a way to be able to afford it. Having that added pressure can make me work faster and be more motivated to get employment.
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