How Rich Dad changed my life

Lets just share my real life experience on how rich dad changed my life.

I love cars since I was small, and this lead to my intention to further my studies in mechanical engineering after my high school. Things changed when I came across the book of Rich Dad Poor Dad during the long holiday before going for foundation studies.

I had an uncle who is in business field. He has his own business and he likes to read. He is the one who borrowed me the book of Rich Dad. The ideas inside the book are astonishing and since then, I changed my mind. Instead of enrolling in mechanical engineering, i had chosen to study financial engineering locally. It is all because of the cashflow quadrants.

Under the concept of cashflow quadrants, of all professions, it can be categorised into four quadrants, namely employee (E), self-employed (S), business (B) and investor (I). I am eager to achieve success in my life and money plays a role in it. From the book, it is not impossible to earn big bucks by being self-employed or employee, but that is not what i intended to be. I hope someday in the future, I would have a constant inflow of cash without me physically work for it. This is called passive income in the book of Rich Dad Poor Dad.

In order to have passive income, there are no alternative ways but to be in B or I. During university time, I studied about finance and investments and realized that in order to earn big bucks in investment (at least locally in Malaysia), I need to wait for the opportunities to strike into my life. After the opportunities strike, I need to have the amount of money that I can invest in. After the opportunities strike, and I have enough amount of money, I need to make sound decision when making investment decision. Lacking any of these three components will brings me to losses.

I do understand that all things that we know will come from our experiences, whether they are good or bad. If it is good, yeah, we will feel happy with it. But if it is a bad experience, we need to learn from it. But since I am still young and have no much capital to be invested in property, stocks or any other financial instruments (i am quite interested in futures and options but unfortunately the financial framework and environment in Malaysia is not that updated and catch up with the system in Wall Streets, Singapore, Hong Kong and etc). Hence, I get involves in business with the guidance from my uncle. Even though the accounting, taxation and other paper works are sucks (basically i don't like this kind of tedious works), but I really get to learn something in business. Once I could build up the business model, aka a cashflow system that can run without my physical presence, wooola!!! That is what I wanted to be in life isn't it?

So basically it is the book of Rich Dad Poor Dad changed my perception and lead to the current life that I am in now. Hopefully, it brings the goods to you too ;)