Getting Rich and Famous Without Working Your Way Up the Corporate Ladder

Getting Rich and Famous Without Working Your Way Up the Corporate Ladder

Many people get down and depressed because they put in a lot of time and effort at the office but don't see any results. While many people use their professions as a way to express themselves and feel fulfilled, the vast majority measure success solely by financial means. They attempt to persevere through overwhelming workloads, unachievable deadlines, and intense pressure at work, but their efforts have not yet paid off financially. 

Unfortunately, many highly accomplished business leaders and ambitious young professionals also suffer from chronic fatigue. Due to the immense toll it took on their health, their profession had begun to feel more like a curse than a blessing. It's no surprise that stress and other work-related worries account for millions of dollars in annual health care spending. Many people have sought medical and psychological help at hospitals and emergency rooms due to their unbridled desire to succeed.

Millions of Americans put in anywhere between 40 and 60 hours a week. They act this way because the following concepts serve as the foundation for their expectations of success:

If you want a good job, you need good grades.

Get employed by a major business.

Put in a lot of hours at the office if you want that promotion and the higher compensation that comes with it.

Pay for college tuition and save enough for retirement.

Millions of people have tried this strategy for success, but not all of them have been financially successful. Some "success gurus" in the fields of finance and achievement are skeptical of the merits of this technique. They have come to believe that there are less taxing and more direct routes to professional achievement.

Robert Kiyosaki is one such guru who raises doubts about the validity of conventional strategy. He works in finance, business, writing, and public speaking. His best-selling book, "Rich Dad, Poor Dad," made him a household name. The book discusses the conflicting guidance he received from his "rich dad" and "poor dad. Kiyosaki claims that his "poor dad" was actually quite bright and well-educated, yet he still couldn't make it financially. He claimed that his "rich dad" had a formal education but was extremely savvy with money. He writes about how many people, despite their education and employment, struggle with mental health issues like depression, stress, and anxiety.

One of the most profound questions posed to Kiyosaki by his "rich dad" was, "Why do you work so hard for something you'll never own or can never pass on to your children? Kiyosaki claims that this line of inquiry suggests that perhaps a steady income is not the most important factor in achieving financial success.

Kiyosaki also discusses the "Cashflow Quadrant" in his writings. According to Kiyosaki, the Cashflow Quadrant explains how various people amass wealth. Imagine a cross drawn on a piece of paper to illustrate the point. Put an "E" for "employee" in the upper left corner. Write "S" in the bottom left corner to represent the self-employed or owner of a small business. Write the letter "B" in the top right corner to signify the presence of big business. In addition, the symbol for "investor" (an "I") should be placed in the lower right corner. Kiyosaki claims that many "E" types view their jobs and lives from a resourceful perspective. 

These people count on their present assets, such as their education, money, job security, health, etc., to get them through life. This is the typical mentality of workers, says Kiyosaki. The folks with the "S" prefix, on the other hand, are self-sufficient because they own their own businesses. However, Kiyosaki claims that the "E" and "S" types almost never achieve the level of success that would allow them to retire with sufficient wealth. After decades of toil, these people can retire comfortably. Since an employee can lose both his job and his health in these scenarios, according to Kiyosaki, neither is desirable. Market volatility can have a devastating effect on a small business's bottom line, and companies also risk going bankrupt.

On the other hand, those who are part of big business ("B") and investors (I) are the ones who stand to benefit the most financially. What exactly is the dissimilarity? Money is made in the business world and by investors because of their ability to tap into the knowledge and experience of others. Members of the "B" and "I" quadrants, in contrast to the self-employed and small business owners, do not perform all of the work by themselves. 

Based on their goals and budget, they delegate the work to professionals. As opposed to those in the "E" and "S" quadrants who "work hard for the money," those in the "B" and "I" quadrants prefer to let their money do the heavy lifting. Kiyosaki includes examples of financial instruments, tactics, and personal tales in his books to show readers how to put their money to work. When talking about this idea, he refers to it as "active income vs. passive income. His primary piece of advice is that people should learn how to invest their money in assets like real estate property that can be rented out to generate income even if they become unemployed. 

Furthermore, he explains that if the property's value declines, the investor's tax liability decreases with it; therefore, there is no long-term risk to the investor's financial stability. Kiyosaki argues that people need to be financially literate and have the appropriate mindset before they can make the best decisions for achieving financial independence. Kiyosaki's books may not provide a detailed blueprint for financial security, but they are chock full of inspiring advice for avoiding the pitfalls that could ruin your life. He recommends shifting one's perspective from one of scarcity to one of abundance, among other mental health adjustments. Robert Kiyosaki's standard financial advice goes something like this: "The size of your success is measured by the strength of your desire, the size of your dream, and how you handle disappointment along the way.

The capacity to deal with setbacks is crucial to one's mental and physical well-being. True prosperity comes from adopting the proper mentality about money and life in general. After all, having plenty of money but being sick is not a good trade-off.