Chapter Three My poor dad thought I should fly for the airlines, as most of my fellow pilots were doing. When I told him I was done flying, he suggested I go back to Standard Oil and sail as a third mate. He told me, “The pay is great, and you’ll have five months off a year so you only have to work seven months a year.” When I shook my head to that idea, he recommended that I return to school, get my master’s degree, possibly my doctorate degree, and then get a job with the government. My response to that was, “I’d rather go back to fight in Vietnam.” I had a problem with my dad’s advice about going back to school and working for the government. It was the same advice he had followed in his life, advice that did not work for him. At the age of 54, he was unemployed and living off his savings. His life’s plan failed when he resigned as the head of education for the State of Hawaii to run for lieutenant governor as a Republican. The Democratic ticket had his boss running for reelection. When my dad lost, he was blacklisted from government service in Hawaii. It disturbed me, listening to him advise me to do what did not work for him. He thought I should work for the government in the E quadrant. My dad’s unemployment at the age of 54, highly educated and hardworking though he was, presented to me a glimpse of the future, the future we are in today. I thanked my dad and drove to my rich dad’s office in Waikiki. I now knew which dad’s advice I wanted to follow. I knew that what I wanted when I grew up was to become an entrepreneur who operated out of the B and I quadrants.
Learn to Invest in Debt In 1973, my rich dad said there were three things I needed to learn if I wanted to follow in his footsteps. They were: 1. Learn to sell. The ability to sell is the most important skill of an entrepreneur. The most important job of an entrepreneur is to raise money. 2. Learn to invest via market trends. Today, this is called technical analysis, predicting the future of markets by tracking the past. 100
by Rich Dad, Robert Kiyosaki