Retire young, retire rich...

Recently I was surprised about its clarity of content, when I stumbled about this book in a book store. Retire young, retire rich.

It's very compact and an easy read, yet Robert T. Kiyosaki gives useful views on how everyone can retire young and rich. It's all a matter of your context.

The core problem is that our 'old fashioned' education systems teaches us solutions from the industrial age. Financial knowledge is mainly transferred from parents to their children. Of course our parents mainly don't have the solutions to the ever-faster changing economic cycles of today's fast-paced life in the information society. They can hardly use a computer. That means, people become poorer and poorer, cause they struggle in the deadly cycle of learning at school, getting good grades, study to get some degree and get a well-paid job for life. What is well-paid anyway, if your government is taking 50% of your hard-earned money as taxes? Your money is taxed many times, as you pay GST/VAT and other taxes on top of income tax you paid already.

You still save money or pay-off the mortgage for your house? Is that a valuable asset? Or more another liability? Do you still believe in job security? Remember: there is no spoon!

Multiply your output! Give up your lousy paid job and create your own business and let OPM (Other peoples money) work for you. Accumulate lower taxed assets. Get the government to fund your investments. Establish a Cash Flow that works for you. And most important: Get out of the rat race early, before it's too late! Use your time better.

It gives me pimples when I remember my former boss, who was a prime example of the rat race. He lost everything in the asian stock crisis in 1998, pays alimony to his wife for his first-marriage-kids, pays of the mortgage for his self-used house and plans to work until he falls dead on the floor. His health (and weight) is playing yo-yo with him, even though he gave up alcohol and struggles to cut down on smoking. Has anyone seen permanent rings under ones eyes? ;-)

Guess what - my old company had a history of sudden deaths, with managers up to CEO level dying of heart-strokes already in their late 40s - they literally worked their a**e* off....