Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Lazy People Don't Get Rich
Yahoo! Finance ^ | August 8, 2006 | Robert Kiyosaki

Posted on 08/08/2006 7:11:51 AM PDT by stainlessbanner

Allow me to be politically incorrect: The No. 1 reason people aren't rich is because they're lazy. This is purely my opinion and no one else's, and I have no scientific proof to back it up.

Why the sudden honesty? I'll tell you.

The Best Policy?

One of the things I loved most about the Marine Corps was that I never had to worry about what anyone was thinking. When I was preparing to be an officer, there was no sensitivity training. When superior officers spoke to you, they didn't have to wrap their words in ribbons and bows, and didn't worry about hurting anyone's feelings.

In fact, we often went out of our way to hurt others' feelings just to test their core toughness. (I'd repeat some of the more choice comments I've treasured over the years, but I'm not writing for a military audience.)

When I returned from the war and entered the civilized world of business, I was shocked by the phoniness, the covert hostility (disguised as caring), and the fake smiles that are rampant to this day. It's been over 30 years since I was discharged from the Marines, and I still haven't adjusted.

Today, I'm still hesitant to let my employees know exactly what I'm not satisfied with for fear of being sued, or to compliment a pretty woman for fear of being accused of sexual harassment.

But I'm happy to say that things are changing. We now have reality TV instead of Father Knows Best, a phony show about fake family harmony from my era. Today, commentators like Bill Maher and Jon Stewart rip into politicians under the guise of humor.

We also have Donald Trump, who has millions of people from all over the world tuning in just to hear him say the magic words "you're fired" to an apprentice wannabe. And of course there's Simon Cowell of American Idol, the critic of all critics, whose book of brutally honest dismissals I was recently tempted to buy.

An Honest Assessment

All of this overt honesty, while sometimes contrived, encourages me to be more honest about my favorite subject -- getting rich, and who's most likely to do so.

Most of you who follow my books and this column know how I make my money. First of all, I'm an entrepreneur. I've been starting companies since I was a kid. I never wanted to be an employee -- I always wanted to be in control. I didn't want someone like me telling me what to do. Consequently, I now have companies, agencies, or strategic partners all over the world.

Second, I love real estate. Not only do I think it's the best investment in the world, I can prove it. What other investment is there that has bankers lining up to lend you money? They won't lend you millions of dollars for years at a time to buy stocks, bonds, or mutual funds. And what other investment will your insurance company insure against losses? Surely not mutual funds or a 401(k).

Third, I love commodities like oil and gas. Why do I love them? Because they're in short supply and in great demand. Wars have been fought over oil and gas for years. What do you think the war in Iraq is about?

Finally, I've loved gold and silver for years. Why? Because I don't trust the U.S. government to be good stewards of money. As you may know, the Bush administration has printed more funny money -- over a trillion dollars' worth -- in six years than all past U.S. presidents combined.

Wars have been fought over gold and silver, too. Why do you think the Incas lost their empire to the Spaniards, or the American Indians lost their land to the European settlers? The conquerors may have said that they were acting in the name of God, but remember -- there's only a single letter's difference between "God" and "gold."

No More Political Correctness

The recent outbreak of honesty also inspires me to be more forthcoming in general, and less politically correct. This is the web, after all, where honesty is respected, not suppressed, censored, or forced to be "sensitive" like our old, more traditional forms of media.

You wouldn't be reading Yahoo! Finance if you weren't serious about being rich or becoming rich. So I owe it to you to be more truthful. And I'm not worried about offending the financial losers of the world, because financial losers don't read this column.

So, rather than tell you week after week about real estate, entrepreneurship, gold, silver, oil, and gas, I've decided to occasionally run a less-than-politically-correct column and tell you exactly what I think about the subject of getting rich.

The L Words

It's in this spirit that I opened by saying that lazy people don't get rich. I also said that the difference between "God" and "gold" is a simple "L" -- as in "lazy," or "looting." The conquistadors who looted the Inca Empire in the name of God weren't lazy. They were thugs with guns, but they had ambition.

Another word that begins with "L" is "loser." Over the years, I've met many losers who pray to God to give them gold. They'll never get it that way because, as the Sunday school I went to taught me, God helps those who help themselves. Again, the conquistadors may have been killers and thieves, but at least they knew how to help themselves.

I do, too. As some of you may be aware, I wasn't born rich. And I've written openly about my failures as an entrepreneur and my losses as an investor. I haven't hidden my horror stories. The reason I don't keep them secret is because my failures are the best learning experiences of my life. We learn by making mistakes -- except in school, where we're punished for making mistakes. This may be why most schoolteachers aren't rich.

I'm not recommending that you become an ambitious looter, as Ken Lay and Jeff Skilling were convicted of being. I only want to point out that if you're not a lazy loser, you may find yourself with more gold in your life without having to resort to looting.


TOPICS: Business/Economy; Culture/Society; Editorial; Government
KEYWORDS: finance; jobs; kiyosaki; lazy; poordad; rich; richdad; savings
Navigation: use the links below to view more comments.
first 1-2021-4041-6061-80 ... 121-128 next last

1 posted on 08/08/2006 7:11:52 AM PDT by stainlessbanner
[ Post Reply | Private Reply | View Replies]

To: stainlessbanner

I guess it's your definition of rich...I'm 47, my husband is 67...I decided to take several years off and have a "retirement" with my husband as by the time I'm of retirement age, he may not be as "energetic" as he is now. Being busy working to accumulate money is fine...but it's not everything. I know we all know this, but after an article like this, I just felt it appropriate to mention again.


2 posted on 08/08/2006 7:15:14 AM PDT by Hildy (To save us both time, assume I know everything...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: stainlessbanner

I'd gladly live my life in a mud hut if the only alternative were to be a loser like the author of this piece.


3 posted on 08/08/2006 7:17:03 AM PDT by dinoparty
[ Post Reply | Private Reply | To 1 | View Replies]

To: stainlessbanner
Lazy People Don't Get Rich

I beg to differ


4 posted on 08/08/2006 7:18:58 AM PDT by Puppage (You may disagree with what I have to say, but I shall defend to your death my right to say it)
[ Post Reply | Private Reply | To 1 | View Replies]

Comment #5 Removed by Moderator

To: stainlessbanner

It's not everyone's goal in life to become rich. There are other priorities....


6 posted on 08/08/2006 7:21:18 AM PDT by ShadowAce (Linux -- The Ultimate Windows Service Pack)
[ Post Reply | Private Reply | To 1 | View Replies]

To: stainlessbanner
Gosh, Mr. Kiyosaki, you sound like the smartest guy in the world! I'm glad to hear about your self-esteem, if only everybody was like you! Are you sure that the rest of us are worthy of your wisdom?

Psssst.... you make some good points, but I bet you spend an awful lot of time looking at yourself in the mirror practicing looking cool, don't you? ;)

7 posted on 08/08/2006 7:21:19 AM PDT by Kenton
[ Post Reply | Private Reply | To 1 | View Replies]

To: Puppage

LOL! :)


8 posted on 08/08/2006 7:21:35 AM PDT by GodBlessUSA (US Troops, Past, Present and Future, God Bless You and Thank You! Prayers said for our Heroes!)
[ Post Reply | Private Reply | To 4 | View Replies]

To: TonyRo76

Most of what this guy wrote, not only that part, was complete crap IMO.


9 posted on 08/08/2006 7:21:49 AM PDT by frankiep (I respect Islamofacists more than the American left - at least they ADMIT that they hate the US.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: RhoTheta

ping


10 posted on 08/08/2006 7:22:35 AM PDT by Egon (We are number one! All others are number two... or lower.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Puppage
What? They get underwear and top ramen noodles...

Just kidding. Well...

11 posted on 08/08/2006 7:22:45 AM PDT by chris_ab
[ Post Reply | Private Reply | To 4 | View Replies]

To: stainlessbanner
1) This is a generalization, and like all generalizations, is often true.

2) This is social Darwinism.

3) This is not always a truism. Robert Heinlein once noted that 99% of all human advancement is based on finding a lazier way of doing something. Driving a car is "lazier" than riding a horse, but it gets you there faster. Fertilizer and a combine might be termed "lazier" than raising food with a hand hoe, but in the end, it gets you a hundredfold greater yield.

12 posted on 08/08/2006 7:23:09 AM PDT by 50sDad (ST3d: Real Star Trek 3d Chess: http://my.ohio.voyager.net/~abartmes/tactical.htm)
[ Post Reply | Private Reply | To 1 | View Replies]

To: TonyRo76

Thank you good friend.


13 posted on 08/08/2006 7:23:55 AM PDT by stainlessbanner
[ Post Reply | Private Reply | To 5 | View Replies]

To: stainlessbanner

I've been tweaking the sloth / wealth balance for some time now.


14 posted on 08/08/2006 7:23:58 AM PDT by Tijeras_Slim (Crazier than a rattlesnake at a Thai wedding)
[ Post Reply | Private Reply | To 1 | View Replies]

Comment #15 Removed by Moderator

Comment #16 Removed by Moderator

To: stainlessbanner
Robert Kiyosaki is a schmuck who promotes multilevel (network) marketing as a means to riches. It was the only way he could sell his books and related products.

I call it the "Zig Ziglar Method." Ziglar, author of "Network Marketing for Dummies," prostituted himself out to MLMs before Kiyosaki...would have been an absolute nobody if he hadn't aligned himself with Mary Kay. The funny thing is that about five years ago, Ziglar set up his own MLM to sell his products. Failed miserably. 

 

17 posted on 08/08/2006 7:25:06 AM PDT by peyton randolph (No man knows the day nor the hour of The Coming of The Great White Handkerchief.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: stainlessbanner

It is more than just being lazy, you find many very energetic, hard working people in Christian pursuits, to hobby pursuits, to obsessions like the military ( good example do you think a man that devotes his whole career to being a $50.00.00 a year Special Forces soldier is just too lazy to do something else?).


To make great wealth one has to desire it.

A common question of the non rich about the rich is, why do they keep working after they are rich?

Calling people lazy because they don't put their energies into what you do, is small minded.


18 posted on 08/08/2006 7:25:49 AM PDT by ansel12 (Life is exquisite... of great beauty, keenly felt.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: stainlessbanner

"It's not fair. I think the government should confiscate money from ambitious, hard-working rich people and give it over to lazy poor people." - - typical Democrat


19 posted on 08/08/2006 7:27:05 AM PDT by Lancey Howard
[ Post Reply | Private Reply | To 1 | View Replies]

To: 50sDad

If that's what Heinlein said I would say he is full of crap too. Driving a car instead of riding a horse, or using fertilizer and a combine instead of a hand hoe have nothing to do with being lazy. It is called being more efficient with your time so you can move onto something else.


20 posted on 08/08/2006 7:27:07 AM PDT by frankiep (I respect Islamofacists more than the American left - at least they ADMIT that they hate the US.)
[ Post Reply | Private Reply | To 12 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-6061-80 ... 121-128 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson