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They Don’t Teach You How To Get Rich At School-2 (1, #2)
They Don’t Teach You How To Get Rich At School-2 (1, #2)
They Don’t Teach You How To Get Rich At School-2 (1, #2)
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They Don’t Teach You How To Get Rich At School-2 (1, #2)

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Debunk  all those assumptions that  you will be  Rich  if you study hard and work  hard .
They Don’t Teach You How To Get Rich At School-2
It is all about the importance of money.
The premise of the book clearly distinguishes the difference between the thinking of the rich and the poor. In essence, the only limitation between you and the rich is in your own mind, and achieving success lies in breaking these walls.  
You can't just graduate and leave  formal  education  and expect yourself to be  financially well equipped. Many people think that having a  good education  is sufficient  to  the roads to acquire new wealth  , well they can't be any more wrong!  It is having the mindset of the wealthy that will make you rich. That is why many lotto winners who becomes instant millionaires loses most of their money because they don't have the proper mindset to maintain or grow their money.
You’ll discover why  some of your money beliefs might be wrong and  that could be holding you back , you  need to consider   what are the principles and what behaviors the rich have , that  you  do not have
Laura Maya takes this idea and breaks it into  sixteen chapters. You wouldn’t find a recipe to turn rich overnight. Rather, the book provides a solid foundation for setting the psychological stage for strong financial habits.
Studying hard, getting nice grades, and getting a job is not enough to be rich. That’s one lie which we have been fed with since our childhood. There is a difference between scholastic, professional and financial education. The book further analyzes the root cause of why you are not rich. It all boils down to your education. You were never taught about how to be rich at school. Forget that, you never even learned personal finance or how to handle money. It further touches upon how you can get smart with personal finance.
Perhaps the biggest argument Laura makes is the fact that everything can change if you change your mindset. Buying that expensive dress, impulsive buying, etc. are all signs of a poor mentality. If you make changes to your lifestyle and spending habits today, you will reap the benefits tomorrow.
On making money, Laura’s approach is simple – she emphasizes on investing, spend less, and plan for a long-term. This isn’t something new. We have all heard it. But we never implement it. Laura gives real life examples of how you can start your journey to being rich by investing for a long-term, planning your finances, and by staying on a budget. Last but not the least, she focuses on self-investment by developing your mental, financial, and emotional intelligence.
To sum up, Laura has come up with a book that truly focuses on the core problem today – financial planning and money making is simply not taught at schools. The book truly provides a step by step guide to change your thinking about money, set realistic goals, and embark a journey towards riches.
LanguageEnglish
Release dateNov 13, 2018
ISBN9788829549078
They Don’t Teach You How To Get Rich At School-2 (1, #2)
Author

Laura Maya

Laura Maya is a writer, coach and culturally curious "digital nomad" who has spent over 20 years wandering slowly through almost 60 countries. Laura prides herself on living simply, chasing impossible dreams and creating a life that supports and enhances the freedom of others. She currently lives on the road in Australia, moving around the country with her husband in a converted school bus named Maurice.

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    They Don’t Teach You How To Get Rich At School-2 (1, #2) - Laura Maya

    wealth.

    Chapter 1:

    How You Think About Money Really Matters

    There  are , of course ,many academic  subjects  you can learn in college ,which have  absolutely nothing to  do with career and financial success . One  can expand  his or her mind  and  sharpen their critical thinking skills  to pursue new perspectives , new ideas  or revels in  some intellectual  or historical  legacy  of  some World’s  greatest myth in exploration of the unknown  .

    But  that’s pursuing for knowledge ,and simply focusing  on these  subjects  and  getting a degree attesting to the fact that  you have completed  the course ,does not guarantee job security ....and  more and more people including  those who haven’t  even graduated  from high school  are  possibly waking up to the Real reality  that such old career advice is no longer viable for  the new economic circumstances  we are facing today  .

    The  fact  that  what  every salaried  individual  are  looking  for today is to be able to  uphold  and  maximize  their  chances  of their  professional  success under any economic circumstances ... be it  during  good growth  or any  recession .

    Start Learning  New Ways and Improve  Our  Chance to Get Rich

    Lets  look  at one of  the most important  fundamental  on how  people think about money as  this  is one of the most important lessons to learn when it comes to creating wealth and it is definitely not taught in school.

    ––––––––

    In our present society, the gap between the rich and the poor is growing wider everyday. The rich has progressively  become  richer  while the poor  are  still limited  in their exposure . To help us understand the satirical situation, we need to go into the mentality of the rich and wealthy  and compare it with the way of thinking of the poor and underprivileged people.

    Here are the  18  distinct differences in the money mentality of the rich versus the poor people. While reading the differences, try to assess your own mindset and see where yours mostly belong to .

    But remember that by defining ‘rich’ and ‘poor’ I am not referring to an individual’s current bank account size, net worth, assets, and so on.  But rather, I am referring to the state of mind. A human mind is so powerful it can create assets, or even liabilities. If you have a mind conditioned to be poor, no matter what wealth you have today you can lose it all sooner or later. On the other hand, if you have the mind of a rich person’s, you can create your wealth from scratch or get it all back faster than it took you the first time, even if you lose it all today.

    Rich people and poor people think differently about money as well as other associated activities and general life issues.

    18  Ways Rich People & Poor People Think Differently

    1)  Creating Your Life

    • Rich people believe that they create their life

    • Poor people believe that life happens to them

    ––––––––

    2)  Playing the Money Game

    • Rich people play the money game to win

    • Poor people play the money game to lose

    3)  Commitment

    • Rich people are committed to being rich

    • Poor people want to be rich

    4)  Thinking

    • Rich people think big

    • Poor people think small

    5)  Focus

    • Rich people focus on opportunity

    • Poor people focus on obstacles

    6)  Admiration and Resentment

    • Rich people admire other rich and successful people

    • Poor people resent successful rich people

    7 ) Networking 

    • Rich people associate with positive successful people

    • Poor people associate with negative people

    8)  Presentation

    • Rich people are willing to promote themselves and their values

    • Poor people don’t

    9)  Receiving

    • Rich people are excellent receivers

    • Poor people are poor receivers

    10) Payment

    • Rich people choose to get paid based on results

    • Poor people choose to get paid based on time

    11) Worth

    • Rich people focus on their Net Worth

    • Poor people focus on their working income

    12) Money Management

    • Rich people manage their money well

    • Poor people mismanage their money well

    13) Money and Working

    • Rich people have their money work hard for them

    • Poor people work hard for their money

    14)  Risk

    • Rich people act in spite of fear of risk

    • Poor people let fear stop them

    15)  Learning

    • Rich people constantly Learn

    • Poor people think they know it all

    16 ) Destiny

    • Rich People Believe that They Create their Own Destiny

    • Poor People Believe that they are Predestined

    17)  Leaders

    • Rich People are Leaders

    • Poor People are Followers

    18) Expenditures

    • Rich people focus on saving

    • Poor people concentrate on spending

    Now that you have read through these differences, go back and read them again while thinking about how you and the way you think about money and life, fits within the eighteen ways of thinking.  You might be surprised by some of these so take a moment to allow them to settle in your mind but  this are realities  in today’s societies .

    These  eighteen differences  actually  will  help to re-tune  and  re-orientated  our conceptual  approach to money as they are realities  that  we  have  to live  with , especially for  young graduates  joining the  working society  :-

    - To survive in today’s society , you need money , money really matters

    - Everybody requires some  money  utilization  knowledge ,with such knowledge you will be capable to learn and apply professional  skill to incorporate with  financial  intelligences

    - You do not learn much about money in school , except  some simple cheque balancing  , and  reading of your bank monthly statements ,plus a little to do on simple bank’s interest  calculation for your  mortgages or  your housing loans .  You have to learn  by yourself , the truth  on how money really works and changes

    - Half  the World  is caught up in a system which is manipulated  by the wealthy and the powerful, that  most educational system  in the world  are only teaching  individuals  how to work for the rich  , to be submissive 

    to  their  leaders , as productive  citizens    under  supervision  but without authority and earning sufficient salary  just enough to pull through but  not more than 3 months  with expenses. 

    - Living paycheck to  paycheck  on monthly salary or adhoc job  , a person in this position has limited freedom. He/she  is absolutely stuck in that rut and there is no way out. You get up every day and go to work, then you come home dead tired .You dread  to wake up tomorrow ,as the first thing that comes to your mind in the next morning is that  money  starts  flying away

    - Having  tons of  money is freedom but it does  not include  guaranteed happiness .  It is true with lots of  money, it  does make  life  easier , subjected  that  if you  are well in  control

    Like it or not  , in this present generation time , we  have a  much worse financial reality than our parents  did from the day  when  we  graduated and  walked out of school. We will be  facing bigger housing costs, bigger  medical  costs, and a bigger requirement to have that financial education than  our parents folks has before . 

    Chapter 2:

    They don’t teach you how to be rich at school

    It is amazing some of the small things you remember from high school and college. Though it has been over ten years, I still remember the basics of photosynthesis from biology. I still recall the names of different periods of architecture, like neoclassicism and Greek revival, and I could spout off the Pythagorean Theorem to you if I gave it some thought. One thing I do not remember from school is learning how to manage credit cards. I do not recollect lessons on how a loan works, and I really do not recall doing homework on the differences between stocks and bonds. I definitely do not remember any lessons about the power of inflation.

    The reason I do not remember these is that they  were  never covered in my courses. It is a cruel twist that most of the knowledge we learn throughout high school and college is seldom used while the know-how we actually need is not formally taught, forcing us to learn through self-education and trial and error. This lack of financial literacy is costing us billions of dollars annually.

    Most worrisome of all, though, are the bad decisions this lack of education is causing.

    People take on hundreds of thousands in debt for a degree that may never earn them above the median household income of $52,000. They rack up thousands of dollars in credit card debt without fully understanding the consequences of doing so. They buy new, expensive luxury cars but do not invest any money in retirement savings.

    Few have sufficient emergency savings to cover six months’ worth of expenses in the event of a job loss or other catastrophe. As many life events like marriage and having children happen at  older  ages, these bad decisions are becoming especially problematic for the millennial generation. Some are arriving at age 30 with financial circumstances little different from when they were 20.

    Consider your own situation for a second as you sit reading this. Now, fast-forward 40 years into the future.

    What kind of life do you envision? For many people, 65 and beyond is envisaged as a time of relaxation, free of worries about money and work.

    A house paid off (and maybe a vacation home, too), kids’ college tuition already paid, and a hefty nest egg to support you as you enjoy your golden years.

    Sound  Nice , but this will not be the reality for most people.

    The median net worth for those approaching retirement is nowhere near. Though social security and medicare benefits exist now, they pay a pittance, and they may not be around forever. The saddest part is that for people approaching retirement, they can do a little to avert poverty if they have not saved enough.

    If you are still in your twenties and early thirties, the good news is that you can still write your own future. Unlike those approaching retirement, you have a critical supply of the ultimate precious resource  :  TIME

    As you will see in this book, actions you take early on resonate and amplify throughout the years so that small steps taken now can pay big dividends (or cause huge hardships) later.

    Think about where you want to be in 40 years, and then work backwards from that point. What does your life look like in your 50s? How about your 40s and 30s? Do you feel you are on the path to realize this vision? If you are feeling a bit insecure about your prospects, keep reading.

    ––––––––

    Personal finance class is in session.

    How to Get Smart on Personal Finance

    The first stop on the road to securing your future is investing in your financial education. This truly is an investment: you will need to spend significant time learning the basics of

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