Rich dad Poor Dad

I finished reading the book rich dad and poor dad in one day which is yesterday... it was such an amazing book to read to gain wisdom.

Proverbs 23:4
Do not overwork to be rich; because of your own understanding, cease!

God wants us to work hard but not overwork... infact God wants us to work hard and work smart... when we only work very hard and overwork we often fall prey to a rat race that never ends... in that I mean we live from paycheck to paycheck and do not have other streams of income source that can help us pay our liabilities and therefore we are stuck in the rat race.... we cannot quit our job becos we have liabilities... so this process goes on and on.... there is a smarter way that God has in mind.

Proverbs 9:11
For by me your days will be multiplied, and years of life will be added to you.

God's way is always to multiply... to be rich God's way is actually to accumulate assets. 4ways to be rich.

1. Work.
Proverbs 13:11
Wealth gained by dishonesty will be diminished, but he who gathers by labor will increase.

Proverbs 13:4
The soul of a lazy man desires, and has nothing; But the soul of the diligent shall be made rich.

We must be diligent in our work... earn a decent income... if possible own a business as it can generate income for you and you would be working for yourself and become an employer of others. If you have desire t be business owner, pls learn to take risk... but if you prefer to be salaried staff... its ok... but you would be at mercy of employee... make sure you do well too... as God can give you favor and lift you up the cooperate ladder like Joseph...

2. Give
Proverbs 11:24-25
There is one who scatters yet increases more; and there is one who withholds more than is right, but it leads to poverty. The generous soul will be made rich, and he who waters will also be watered himself.

Be a cheerful giver. Learn to be generous in giving money away... give to church your tithes and offerings... treat it as sowing and not juz sacrifice... when you sow you will reap... to be a good business man you must be generous and not stingy.... God loves a cheerful giver and would bless the work of your hand.

3. Save and invest
Invest in assets... try to go for stocks, bonds, equities, unit trust, real estate... if possible go for high risk before you are 30years old... that would give you a better chance if you were to fail in your investment to recover... but if before 30 you made a good returns and accumulated assets you would be so happy that you took the risk and others would feel that should have.... Learn from parable of the talents, how 5talents reap another 5talents... dont always go for safe bonds, learn to study how to invest and become a wise investor so you can invest in high risk stocks for high returns before 30... also remember to buy insurance for family protection... remember to buy 5-10years of income protection.... try to attain properties to rent out.... avoid liability incuding high cost mortgages and loans if possible...esp for luxury car... not worth to take loan as it becomes liability instead of asset..... buy a luxury car only after asset is huge enough that in can generate the income for you to buy. Build and accumulate assets... lower your expenses by generating income from your assets... refuse liability unless personal house loan (no choice), but avoid luxury items as it becomes a liability and expense each month.

4. Spent

Enjoy your money.
Eccelesiasres 3:13
And also that every man should eat and drink and enjoy the good of all his babor- it is the gift of God.