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Chapter Fourteen
people will come to you with money to invest. Then, if you’re good and
trustworthy, you will reach your financial Fast Track more quickly.
Here are a few examples: Bill Gates is an expert at solving softwaremarketing
problems, Donald Trump is an expert at solving problems
in real estate, and Warren Buffett is an expert at solving problems in
business and the stock market, which in turn allows him to buy valuable
stocks and manage a successful portfolio. George Soros is an expert at
solving problems resulting from market volatility which makes him an
excellent hedge-fund manager. Rupert Murdock is an expert at solving
the business problems of global television networks.
Kim and I are Type-A investors and solve problems in apartment
housing. That has paid off with a generous and steady flow of passive
income. If we choose to invest in areas outside the multi-family housing
market, we become Type-B investors, which means we give our money
to people who have an excellent track record in their fields of expertise
and who practice what they preach.
I have one focused objective, and that is to mind my own business.
Although Kim and I do work for charities and help other people in
their efforts, we never lose sight of the importance of minding our own
business and continually adding to our asset column.
So to become rich quicker, become a student of the skills needed by
a business owner and investor. Seek to solve bigger problems, because
inside big problems lie huge financial opportunities. That is why I
recommend becoming a B first, before becoming an I. If you master
solving business problems, you will have excess cash flow, and your
knowledge of business will make you a much smarter investor. I have
said it many times before, but it is worth saying again: Many people
come to the I quadrant hoping that investing will solve their financial
problems. In most cases, it does not. Investing only makes their financial
problems worse if they are not already sound business owners.
There is no scarcity of financial problems. In fact, there is one right
around the corner from you, waiting to be solved.
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