Click here to Download Second Chance PDF Book by Robert Kiyosaki Language English having PDF Size 7.4 MB and No of Pages 326.
“Well, after the market crashed in 2007, I lost my job. I found another one, but that job soon disappeared, too. Finally, after burning through our retirement and savings, we lost our house. We just couldn’t hang on.” He continued: “Don’t worry. We’ve been working. We’re not unemployed. We both have jobs, but we’re not making much money.
Second Chance PDF Book by Robert Kiyosaki
|Name of Book||Second Chance|
|PDF Size||7.4 MB|
|No of Pages||326|
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So I work here, at Starbucks, to make a few bucks. Get it, I work for bucks at Starbucks?” He said, laughing out loud. Stepping aside so the customers behind me could place their orders, I asked, “So what are you doing for your future?” “I’m back in school. I’m getting another Masters degree. It’s kind of fun being in school again. I even take a few classes with my son.
He’s earning his first Masters degree.” “Paid for with student loans?” I asked. “Yeah. What else can we do? I know they’re terrible loans. I know I’ll be working for the rest of my life, just to pay off my loan. My son has more time to pay off his. But we all need more education if we want high-paying jobs. We have to make money. We need to earn a living.
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So we’re in school.” I paid for my coffee and was handed a steaming cup. When I offered him a tip, he refused… and I know why he refused. So I wished him luck, and walked out the door. Ten years later, in 2007, the subprime mortgage crisis hit and millions of homeowners found out—first hand—that their house is not an asset.
In 2008, the U.S. government and Federal Reserve Bank began printing trillions of dollars, causing millions of savers to be losers via the loss of purchasing power due to inflation, higher taxes, and low interest rates on their savings. Rich Dad’s Lesson One in Rich Dad Poor Dad is The Rich Don’t Work for Money… and it was the least criticized of rich dad’s three teachings on money.
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In this chapter, you will learn why this comment is the most important of my rich dad’s lessons, and why it is important to understand before you consider your opportunities for a second chance, a fresh start for both your money and your life. The Great Depression, when measured against the Dow, lasted 25 years, from 1929 to 1954. In 1929, the Dow hit an all-time high of 381.
It took 25 years for it to reach 381 again. This is an alternative point of view, as there are those who believe it ended in 1939. Q: Could we be entering a New Depression? A: Yes. Many people already are in their own New Depression. That’s why food stamp use is up, the middle class is shrinking, students who are loaded with student-loan debt can’t find jobs, and many of yesterday’s millionaires next-door are broke.
On top of this we have the first of approximately 76 million American baby boomers retiring. Many, if not most, of these aging baby boomers don’t have enough money to retire. Advances in healthcare and medicine may mean these baby boomers will live longer, while the cost of healthcare is likely to continue increasing, as is the cost of food, fuel, and housing. Second Chance PDF Book
In 1943, during World War II, the U.S. government passed the Current Tax Payment Act. The government needed money to fight the war and needed tax revenue to pay for the war. Until 1943 the government had to wait for taxpayers to pay their taxes. To solve this problem, the Current Tax Payment Act was passed.
It allowed the government to get paid before the worker got paid. Bucky Fuller said it allowed the rich to put their hands directly into the workers’ pockets. Today, it’s a giant, ongoing cash heist that gets bigger and bigger as the government gets needier and the rich get greedier. Remember, the entitlement mentality did not start with the poor.
The entitlement mentality started at the top, with GRUNCH and the plan to heist our wealth via the banks, government, and taxes. The 1943 Current Tax Payment Act gave rise to the military-industrial complex that former General and outgoing President Dwight D. Eisenhower would later warn about in 1961. cond Chance PDF Book
In 1943, with tax dollars now pouring into the government on a monthly basis, the military-industrial complex could declare war forever. The Cold War began and trillions in tax dollars went into producing weapons of mass destruction. Obviously, GRUNCH and friends of GRUNCH profit greatly from war and the fear of war.
I’ve often thought that all GRUNCH has to do is use the media machine to whip up a potential threat from Iraq, North Korea, Russia, the Taliban, Al Qaeda or ISIS (Islamic State) and U.S. taxpayers feel that paying taxes is patriotic. Cooperation is essential in team sports. As they say: There is no ‘I’ in team, but there is an ‘I’ in win.
Too many students leave school understanding the ‘I’ in win, rather than the ‘we win’ in team. In team sports, the team supports each individual to be the best they can be, or the team doesn’t win. In the classroom, the individual student does not want others to be the best they can be. The individual wants to the best. Second Chance PDF Book
In the Marine Corps Officer Candidate School (OCS), young officer candidates are evaluated not on how many times their team wins, but how well their team cooperates as a team. On some evaluations, winning or losing is not even mentioned. In other words, winning is not as important as cooperating in the Marine Corp. Marines know that if they cooperate, they win.
This is why Marines believe they are the best branch of service. And although Marines believe they are the best of all the branches of the service, no Marine believes he or she is better than another Marine. Regardless of rank, Marines are taught to respect and value other Marines. This is why it’s said, “Once a Marine always a Marine.”
The bond between Marines is spiritual, not financial. So to answer your question—”Can you learn in a cooperative environment?”—the answer is “Yes.” But that’s not always true in an academic classroom. The world of academics is a world of “kill or be killed,” a world of “survival of the fittest,” a world of “winners and losers,” a world of “I’m smart and you’re not.” Second Chance PDF Book
A world of “I win,” not “We win”… and a world where “cooperation is cheating.” In the 1950s and ’60s, Fuller spoke out against atomic energy. He said that the closest god wanted humans to be to atomic energy was 93 million miles, the distance from the earth to the sun. Although nuclear power companies claim that nuclear power is “clean energy,” what they do not say is that nuclear waste is lethal.
Today, nuclear waste is stored in deep, underground caverns. The problem with nuclear waste is it takes hundreds of thousands of years to become inert or incapable of causing further damage. It also takes billions in taxpayer dollars to safely store that toxic waste. In 2012, the tsunami that hit Japan spread atomic waste around the world via ocean currents.
The effects of that single emergency will be with us for thousands of years. One reason why unemployment is increasing and high-paying jobs are harder to find is because in the Information Age, humans are being replaced, much like the horse was replaced by the automobile. In photography, for example, humans were once needed to process film into prints. Second Chance PDF Book Download
I still remember taking my roll of exposed film to the local drug store, dropping it in a little paper bag, and coming back a week later to pick up my pictures. Digital photography not only eliminated tens of thousands of jobs, it wiped out the Eastman Kodak Company. Not that long ago, Eastman Kodak was a Fortune 500 Company.
An Industrial-Age giant that went bankrupt because it was not able to transition from an Industrial-Age company to an InformationAge company. Eastman Kodak was made obsolete by a new technology known as digital photography. Ironically, it was Eastman Kodak that developed digital photography in 1975.
The company poured billions into the development of digital photography, but, unfortunately, an old, employee-heavy business model was not compatible with new technology. The company declared bankruptcy in 2012. The point Fuller was making decades ago is that the loss of jobs will continue as the Information Age marches on. Second Chance PDF Book Free
The problem is that people will not see the technology that is replacing them, nor will they see that technology coming. Millions will be happily employed today and suddenly out of work tomorrow, run over by the invisible. As you plan and prepare for your second chance in life, you must be able to see what’s ahead… even if it can’t be seen with your eyes.
I encourage you to take the time to write down every asset and liability you have. The test of an asset or liability is this: If you stopped working, what brings money in and what pulls money out? Most poor and middle-class people only have liabilities—but no assets. Most retirement plans are not assets. They are unfunded liabilities that will, hopefully, flow money out when your working days are over.
The moment a person begins to look for assets they can acquire or build, their world begins to change. They begin to see the invisible. Another important word is wealth. Fuller defined wealth as “your ability to survive X number of days forward.” Rich dad defined wealth by asking, “If you stopped working, how long could you survive?” Second Chance PDF Book Free
It’s estimated that the average American can survive less than a month without working. This is why millions cling desperately to a job and a steady paycheck. They may have a job, but no wealth. The reason Kim and I could afford to retire at 37 and 47, respectively, was because we focused on our wealth. We focused on acquiring assets that produced cash flow.
We did not focus on the words job security, paycheck, or investing for the long term in the stock market. Rather than focus on the word saving, we focused on the word debt, and used debt to acquire assets. When Fuller wrote of GRUNCH he wrote of the “invisible giants” that control the world’s economy. These invisible giants control our laws, politics, and politicians.
The following are some examples of how the invisible giants of GRUNCH have affected the economy of the United States and the world. In many ways, all politicians are Foxy Loxys. They believe they need to tell you what you want to hear. If they told us the truth and showed us both sides of the coin, they would never be elected.
For them to be able to lure you into their dens, politicians need voters without financial education. Without financial education, most voters see only one side of the coin or the issue, the side the politician knows the voters want to see. They dare not tell voters the truth, or look at issues from both sides.Second Chance PDF Book Free
The following are some examples of how the invisible giants of GRUNCH have affected the economy of the United States and the world. Consider the duplicity from the last 10 U.S. presidents. We were not rich. We were “net-worth millionaires” with $120,000 in annual passive income from cash flow from our assets. We didn’t need a job.
In the 10 years between 1984 to 1994 we had achieved financial freedom. We still lived in a small house and lived the lifestyle of most middle-class people. The difference was we never had to work again. We were no longer slaves to money. Money now worked for us. We were transforming from caterpillars to butterflies, but we knew we were not yet butterflies.
We were aware that a metamorphosis was taking place inside of us and we knew that it was not yet complete. We still could not fly and we knew we had more work to do. Most important of all, we knew our wealth was growing on the inside, not the outside. The problem is that many people who look rich on the outside are in financial trouble on the inside. Second Chance PDF Book Free
To look at them, you might never know that they struggled to make ends meet, perhaps even living paycheck to paycheck. Many of them even survived the 2007 crash. They may not be so lucky in the future. And if rich dad’s prophecy is accurate, this group may be the next victims of the turbulent times ahead.