Rich Dad In Entrepreneur Mag

by SMD 

I’m not big into Christmas so I mostly just wish the whole gift-giving thing would go away. Jscott, who woke on the 25th to find his stocking filled with coal thinks it was a bad thing, but with the current price of heating fuels, I think he should reevaluate. As for me, dispite acting like Scrooge, I did find the latest edition of Entrepreneur magazine under the tree, which is cool, and I was pleasantly surprised to find my hero Robert Kiyosaki [a.k.a. "Rich Dad"] is now a regular columnist.

His column is called [RICH RETURNS] and you can find it on the last page of the January 2006 edition. This one is called Minding Your Business and he recalls a story about meeting a man who tried to tell him, after one of his talks, “Nice talk, but you can’t do what you talk about here in New York City.”

After calling the guy a wimp [one of the thing I truly love about Robert is that his has a very low tolerance for whining], he goes on to explain that he hears that argument and the familiar, “I would, if I had the money” a lot and he explains that the reason people limit themselves with these types of notions is that they are thinking like employees rather than entrepreneurs.

Simply put, entrepreneurs focus on opportunity, while employees focus on resources such as money, people and time. For example, a person who thinks like an employee will say “I can’t do it, because I don’t have the money.” A person who thinks like an entrepreneur will say “Let’s tie up the deal and find the money later.”

He goes on to say, noting his audience, that even if you are an entrepreneur you could still be thinking with an employee mindset. I know I have been guilty of that in my business. It can be very limiting and even destructive.

It reminds me of one of the jewels in the Rich Dad books. It is a simple exercise of being aware of every time you say something like “I can’t afford it”, and then reframing the question to “what can I do to afford it?” You can see that one is like a brake and the other like an accelerator.

You can’t expect old defeatist thought patterns to change overnight, but with the help of some excellent wisdom from Robert and his Rich Dad at least we can get things headed in the right direction.


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2 Responses to “Rich Dad In Entrepreneur Mag”

  1. K on June 12th, 2007 3:51 pm

    I think I’m too much the other way. I’m also a lets launch, we’ll straighten out the bugs later type of gal. Sometimes I get punished for it. More often, I get rewarded.

  2. Jscott on June 12th, 2007 3:52 pm

    Hey, how did I get lumped into all this? Man, the things I do for you kids…

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