how the rich handle money problems

When the rich have money problems, they use their financial integrity, developed through many years of facing and solving problems with the five financial intelligences, to solve those problems.

If the rich don't know the answer to their money problems, they don't walk away or throw in the towel. They seek out experts who can help them solve their problems. In the process, they become financially more intelligent and are that much more equipped to solve the next problem when it comes around. The rich don't quit. They learn. And by learning, they grow richer.

Solving Other People's Financial Problems

Rich dad also said, "Many people work for rich people, solving rich peope's money problems." For exmple, an accountant goes to work to count the rich person's money. The salesperson sells the rich person's products. The office manager manages the rich person's business. The secretary answers the rich persons's phones and treats the rich person's customers respectfully. The maintenance man keeps the rich person's buildings and machines running smoothly. A lawyer protects the rich person from other lawyers and lawsuits. A CPA protects the rich person's money from taxes. And the banker keeps the rich person's money safe.

What rich dad was getting at was that most people work at solving other people's money problems. But who solves the worker's money problems? Most people go home and are faced with many problems, money being one of the them. If a person fails to handle his or her money problems at home, the problem, like a toothache, leads to other problems.

Many of the poor and the middle class work for the rich and then fail to solve their own money problems at home. Instead of looking at financial problems as opportunities to get smarter, they go home, sit in the lawn chair, have a drink, put steak on the grill, and watch TV. The next morning ,they return to work once again solving someone else's problems and making someone else richer.

Poor Dad's Solution

My poor dad tried to solve his money problems by going back to school. He liked school. He did well in school, and felt safe. He obtained higher degrees, and became a PhD. With advanced degrees, he looked for a higher-paying job. He tried to outsmart his money problems by becoming academically and professionally smarter, but failed to become financially smarter. He was a well-educated, hardworking man. Unfortunately, being well-educated and hardworking did not solve his money problems. His money problems only grew bigger as his income went up because he avoided financial problems. He tried to solve his financial problems with academic and professional solutions.

Rich Dad's Solution

My rich dad looked for financial challenges, which is why he started businesses and actively invested. Many people thought he did what he did only to make more money. In reality, he did what he did because he loved financial challenges. He looked for financial problems to solve, not just for the money, but to make him smarter and to increase his financial IQ. Rich dad often used the game of golf as a metaphor to explain his money philosophy. He would say, "Money is my score. My financial statement is my scorecard. Money and my financial statement tell me how smart I am and how well I am playing the game." Simply put, rich dad got richer because the game of money was his game . . . and he wanted to be the best he could be at his game. As he got older, he got better at his game. His financial IQ went up and the money poured in.

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