Intelligent investor mindset
An intelligent investor thinks like a banker and he scores better than novice investors. However, people are different and so they are in how their minds are wired about success in life.
It is said that we are a product of our environment. How true that is still a matter of debate but one thing is certain we see life differently and derive our energies from different sources.
According to Robert Kiyosaki a renowned investor, there are four types of people based on the methods of approach to achieve financial success. This is best illustrated with a quadrant which classifies people based on their mindset towards business and money management skills as follows:
Employees are former sharp students in class simply the A students. They worked hard for their grades, were obedient and took instructions in class. Their values revolve around job security.
They were time and again advised when they were young; work hard in school, attain high grades to get a good and secure job. Their challenge is.....they get trapped in the mad race searching for money....Read more
These are A students who like doing it their way. They are former employees or students directly from school who started up their own small businesses or professional consultancy firms.
They include practicing doctors, accountants, architects or are from any other defined profession. This group loves independence. Their language is; I’m the best in what I do. However, their income is shared between them, their employees and the government in taxes....Read more
This group mainly contains the owners of major businesses with more than 400 employees. They were formerly average students. They didn’t like academics. They dropped out midway or just finished college by luck. Most successful IT company owners are best examples here.
They went to business and made it big time. Their value system is teamwork, they hire the A students to work for them and the results always are incredible. They are also very good self made marketers. If you are the kind who give in to marketers easily..keep away from them lest you get deep into debt...Read more
Intelligent investors were not only former average students but also are likely to be less interested to roll up their sleeves and get their hands dirty. However they are self made billionaires.
All what matters to them is return on investment. They make money whether markets are going up, down or side ways. They have mastered the markets and developed the strategies on how to make money in any market bullish, bearish or stagnant. They think like bankers and only worry of how much do I get back if I give so much?.....Read more
An intelligent investor values professionals, he executes his ideas with their guidance.
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