Book "Rich Dad - Poor Dad".

Robert Kiyosaki explains in his book the education he received from the two types of fathers he had growing up. His real father, whom he calls his "poor father", was a very prominent academic who became a PhD and minister of education in Hawaii, he had a high level of income but his debts and financial commitments were also very high, so after his death he only left debts to pay. He always advised her to go to school, get good grades and get a secure well-paying job.

On the other hand, his best friend's father, whom he called his "rich dad," was a person who dropped out of school in the middle of high school, yet he eventually became one of the most millionaire men in Hawaii and after his death left millions of dollars to his family and charitable foundations. He always said that in addition to going to school if you wanted to be rich you had to be financially educated.

Financial education is not something you receive in schools and/or universities but it is taught at home, the rich teach their children how to become rich and, unless you belong to that 1% of the population, your parents educated you to be poor or middle class, not because they don't love you but because they were not taught how to become rich either.

If you stop to think about it, you will realize that there are as many financially bankrupt accountants and economists as there are professionals in any other field; because financial education has nothing to do with the profession you have chosen, even if you did not go to college it is not an impediment to become rich.

To understand financial education you have to be clear about these concepts of the Financial Statement:

- Income: is the product of your assets.

- Expenses: is the result of your liabilities.

- Assets: is everything that puts money in your pockets, that which produces income; for example, a house that you rent or if you rent your car so that it gives you income.

- Liabilities: is everything that takes money out of your pockets, that which produces expenses; for example, paying rent on your house, buying a car because you have to spend to maintain it (gas, taxes, etc.).

You have to learn to think and act like the rich if you want to become rich. The author explains how the different social classes manage their money:

- the poor: they receive their income and spend it on their basic living costs such as housing, food and transportation.

- the middle class: they receive their salary and spend their money buying liabilities believing they are assets so they can look rich. They buy a house, cars, pay for trips with their credit card, but all that month after month takes money out of their pockets in the form of credits, mortgage payments, car payments, credit card payments, etc.; being in debt they have to work more to pay their debts and maintain that lifestyle, which leads them to a vicious circle and they always have to work more and more.

- the rich: they receive their income and invest it in assets that in turn produce more income, these assets can be real estate, businesses, paper assets (such as stock bonds) or also commodities such as gold and silver. In this way a virtuous circle is produced and the more they invest the more they earn and the more they invest again and so the time will come when they will be able to quit their jobs and have enough income to maintain the lifestyle they want, buy cars, houses, trips and other luxuries, and even without the need to physically work, since their assets work for them and provide them with more and more income. While the poor save or go into debt to spend, the rich do it to invest so before spending your money to buy a bigger TV, an expensive cell phone or travel, you could invest that money in building your asset column.

Another important concept that Robert Kiyosaki discusses is taxes, as it is one of the major expenses for most people. Taxes were born in order for the rich to provide money with which governments can make infrastructure and social programs, however, over time more taxes were created and also started to be charged to the middle class and the poor, while the rich learned to pay less taxes through corporations. A corporation is not a big company in a big building with many workers but simply a few pieces of paper that legally allow you to have excellent tax benefits. Most people receive their income after their taxes are deducted first and then they can spend their money; however, through corporations the rich after receiving their money first invest it, spend it and finally pay their taxes on what is left over.

This is how Warren Buffett, one of the richest men in the world, pays 12% of his income in taxes while his secretary pays 35%, so if you want to start your way to financial freedom, an excellent way to do it is to contact an accountant who will explain to you how to become a corporation and from that you can grow your column of assets, earn much more and at the same time pay less taxes; this is the story of "Rich Dad - Poor Dad".

I too have been where you are now. When I started my dream of starting my own Medical Clinic and was the CEO, I did not know how to fulfill my responsibilities at work and be present at home with my family at the same time. However, after making changes in my productivity, goal setting and leadership, I was able to take my company forward through an economic recession the country was in and achieve positive results; all while being home in time to have dinner with my family every night.

I now teach the same principles that helped my leadership, along with my team, here at CIME Academy.

If you want to know more about our training proposal in aesthetic medicine, we encourage you to contact us. We will solve your doubts and advise you on what you need.

Dr. Manuel Rubio Sanchez

aesthetic doctor