Today I will discuss Step 5 from “Finding Your Financial Fast Track” in The Cashflow Quadrant™ by Robert Kiyosaki.
Step 5: Seek Mentors
This is excellent advice. Unless you grew up with rich parents who have passed onto you their knowledge on wealth accumulation you will need to learn the necessary skills to become rich.
Robert says “a mentor is someone who tells you what is important and what is not important.” He suggests seeking out mentors in both business and investment. He also suggests role models and “reverse” role models.
You may be asking what a “reverse role model” is. The example in the book is someone who made over $800 million and ended up losing it all. You can learn what not to do from someone like this. My husband and I have had some business failures (or learning experiences as I prefer to call them). I have been able to use these experiences to coach others. I absolutely learned from the mistakes we made and love helping someone else avoid the same mistakes. I strongly believe it is our mistakes and perceived failures in life we learn most from – not our successes.
The final advice in this step is to:
- write down the people you spend most of your time with
- and then evaluate which quadrant they operate from
- and what level of investor they are.
This is a very powerful exercise. It is important to surround yourself with like minded people, people who will encourage you in achieving your dreams and aspirations. Avoid people that hold you back. This can be a difficult step because we often find it hard to let people go – but it is very important. Be honest with yourself on this one.
Please leave me your feedback below and let me know if you have mentors in your life.