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r 30 years。 This book is about those six lessons; put as simply as possible as my rich dad put forth those lessons to me。 The lessons are not meant to be answers but guideposts。 Guideposts that will assist you and your children to grow wealthier no matter what happens in a world of increasing change and uncertainty。
Lesson #1 The Rich Dont Work for Money
Lesson #2 Why Teach Financial Literacy?
Lesson #3 Mind Your own Business
Lesson #4 The History of Taxes and the Power of Corporations
Lesson #5 The Rich Invent Money
Lesson #6 Work to Learn Dont Work for Money
CHAPTER TWO
Lesson One: The Rich Dont Work For Money
〃Dad; Can You Tell Me How to Get Rich?〃
My dad put down the evening paper。 〃Why do you want to get rich; son?〃
〃Because today Jimmys mom drove up in their new Cadillac; and they were going to their beach house for the weekend。 He took three of his friends; but Mike and I werent invited。 They told us we werent invited because we were ‘poor kids。〃
〃They did?〃 my dad asked incredulously。
〃Yeah; they did。〃 I replied in a hurt tone。
My dad silently shook his head; pushed his glasses up the bridge of his nose and went back to reading the paper。 I stood waiting for an answer。
The year was 1956。 I was 9 years old。 By some twist of fate; I attended the same public school where the rich people sent their kids。 We were primarily a sugar plantation town。 The managers of the plantation and the other affluent people of the town; such as doctors; business owners; and bankers; sent their children to this school; grades 1 to 6。 After grade 6; their children were generally sent off to private schools。 Because my family lived on one side of the street; I went to this school。 Had I lived on the other side of the street; I would have gone to a different school; with kids from families more like mine。 After grade 6;these kids and I would go on to the public intermediate and high school。 There was no private school for them or for me。
My dad finally put down the paper。 I could tell he was thinking。
〃Well; son;〃 he began slowly。 〃If you want to be rich; you have to learn to make money。〃
〃How do I make money?〃 I asked。
〃Well; use your head; son;〃 he said; smiling。 Which really meant; 〃Thats all Im going to tell you;〃 or 〃I dont know the answer; so dont embarrass me。〃
A Partnership Is Formed
The next morning; I told my best friend; Mike; what my dad had said。 As best I could tell; Mike and I were the only poor kids in this school。 Mike was like me in that he was in this school by a twist of fate。 Someone had drawn a jog in the line for the school district; and we wound up in school with the rich kids。 We werent really poor; but we felt as if we were because all the other boys had new baseball gloves; ;;;y
new bicycles; new everything。
Mom and dad provided us with the basics; like food; shelter; clothes。 :; But that was about it。 My dad used to say; 〃If you want something; work for it。〃 We wanted things; but there was not much work available for 9… ; year…old boys。
〃So what do we do to make money?〃 Mike asked。
〃I dont know;〃 I said。 〃But do you want to be my partner?〃
He agreed and so on that Saturday morning; Mike became my first business partner。 We spent all morning ing up with ideas on how to 1make money。 Occasionally we talked about all the 〃cool guys〃 at Jimmys beach house having fun。 It hurt a little; but that hurt was good; for it inspired us to keep thinking of a way to make money。 Finally; that afternoon; a bolt of lightning came through our heads。 It was an idea Mike had gotten from a science book he had read。 Excitedly; we shook hands; and the partnership now had a business。
For the next several weeks; Mike and I ran around our neighborhood; knocking on doors and asking our neighbors if they would save their toothpaste tubes for us。 With puzzled looks; most adults consented with a smile。 Some asked us what we were doing。 To which we replied; 〃We cant tell you。 Its a business secret。〃
My mom grew distressed as the weeks wore on。 We had selected a
site next to her washing machine as the place we would stockpile our raw materials。 In a brown cardboard box that one time held catsup bottles; our little pile of used toothpaste tubes began to grow。
Finally my mom put her foot down。 The sight of her neighbors ; messy; crumpled used toothpaste tubes had gotten to her。 〃What are you boys doing?〃 she asked。 〃And I dont want to hear again that its a business secret。 Do something with this mess or Im going to throw it out。〃
Mike and I pleaded and begged; explaining that we would soon have enough and then we would begin production。 We informed her that we were waiting on a couple of neighbors to finish using up their toothpaste so we could have their tubes。 Mom granted us a one…week extension。
The date to begin production was moved up。 The pressure was on。 My first partnership was already being threatened with an eviction notice from our warehouse space by my own mom。 It became Mikes job to tell the neighbors to quickly use up their toothpaste; saying their dentist wanted them to brush more often anyway。 I began to put together the production line。
One day my dad drove up with a friend to see two 9…year…old boys 。 in the driveway with a production line operating at full speed。 There was fine white powder everywhere。 On a long table were small milk cartons from school; and our familys hibachi grill was glowing with red hot coals at maximum heat。
Dad walked up cautiously; having to park the car at the base of the driveway; since the production line blocked the carport。 As he and his friend got closer; they saw a steel pot sitting on top of the coals; with the toothpaste tubes being melted down。 In those days; toothpaste did not e in plastic tubes。 The tubes were made of lead。 So once the paint was burned off; the tubes were dropped in the small steel pot; melted until they became liquid; and with my moms pot holders we were pouring the lead through a small hole in the top of the milk cartons。
The milk cartons were filled with plaster…of…Paris。 The white powder everywhere was the plaster before we mixed it with water。 In my haste; I had knocked the bag over; and the entire area look like it had been hit by a snowstorm。 The milk cartons were the outer containers for plaster…of…Paris molds。
My dad and his friend watched as we carefully poured the molten lead through a small hole in the top of the plaster…of…Paris cube。
〃Careful;〃 my dad said。
I nodded without looking up。
Finally; once the pouring was through; I put the steel pot down and smiled at my dad。
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