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Wednesday, March 07, 2007

How Much Can You Afford To Lose?






Build A Business That Generates Passive Income Now!

One of the reasons that so many people play the lottery is because most of the people can afford to lose a dollar when they do not win. The reason so many people play the dollar slot machines in the casinos is because they can afford to lose a few dollars but they hope to win a lot more money. The problem is that the American population, for at least sixty percent of they cannot afford to lose much more than a few dollars.



That is because they have already financially lost the game of life and yet they still do not know.. Many people will not find out how badly their situation is when they have lost until they had lost their job or have to stop working due to age or medical disability. Hopefully, they will have family members who can afford to and are willing to take care of them financially. These are the people who live at their red line of life so deeply buried in bad debt.








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The other day, Robert Kiyosaki and his wife lost $120,000 in a bad very speculative investment. His close friend was very upset as though it was his money. He said to Robert Kiyosaki and Kim Kiyosaki,”The two of you are very unlucky to lose so much money.” Kim Kiyosaki and Robert Kiyosaki did not reply much because there is no real reason to speak to someone who lives in fear of losing. They did not tell him that they had also made about a million dollars and only lost $120,000 in their portfolio. They also did not tell him that they were really lucky because of two reasons. Reason number one is that they learned a lot more from that $120,000 loss than the million dollar win. In other words, they gain more knowledge from their mistakes. The second reason is because they felt lucky that they could afford to lose that much money and not feel bad about it. If it is back in year 1985, they were in the group of people who could not afford to lose anything.

For Your Financial Freedom

Lay Peng

http://www.topspeakeronline.com/
http://www.videoonlineseminar.com/
P.S: Mr. Robert Kiyosaki has his Rich Dad as his mentor while I have him and other Top Speakers and World Class Gurus as mine.


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