money is, the harder you will work for it. If you can grasp the idea that
money is not real, you will grow richer faster.”
“What is it?” was a question Mike and I often came back with. “What is
money if it is not real?”
“What we agree it is,” was all rich dad would say.
The single most powerful asset we all have is our mind. If it is trained
well, it can create enormous wealth seemingly instantaneously. An
untrained mind can also create extreme poverty that can crush a family for
generations.
In the Information Age, money is increasing exponentially. A few
individuals are getting ridiculously rich from nothing, just ideas and
agreements. If you ask many people who trade stocks or other investments
for a living, they see it done all the time. Often, millions can be made
instantaneously from nothing. And by nothing, I mean no money was
exchanged. It is done via agreement: a hand signal in a trading pit, a blip on
a trader’s screen in Lisbon from a trader’s screen in Toronto and back to
Lisbon, a call to my broker to buy and a moment later to sell. Money did
not change hands. Agreements did.
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