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Old 07-09-2010, 05:20 AM   #8 (permalink)
Merlocke
 
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Location: Canada
It's not so much that everyone NEEDS to be a millionaire but rather so much that everyone that's interested and willing should be given an opportunity to learn how money works. I grew up in a poor neighborhood as my parents were the first generation to move to Canada, and for that I will be ever greatful as the opportunities here are almost boundless. It was east Vancouver, now still known as one of the poorest districts in the country.

When I was younger, my dad had an appliance shop, and it was doing well as appliance shops can go. When the business took a turn for the worse however, there was a time when we lived in the same warehouse as the appliances he repaired and sold. I appreciate everything my father has done for our family as he was quite the handyman, he built and hooked up a shower system, and later a hot water tank to keep the kids clean and and and comfortable.

He ran other businesses on the side as well, and it's where I learned the ability to speak in public. It's also where I learned to grasp opportunity. I am however not as trades inclined as my father, and am terrified that if placed in the same situation would not be able to handle it as well.

It's why I'm thankful that he introduced me to a financial planner who took the time to explain concepts to me, and how things worked from time to time instead of just selling us insurance, never to be seen again until it was rrsp season. This guy also earned 6 figures early on in the industry because of that very reason. He took the time to teach others that were willing to learn.

In the beginning, money was a taboo subject in my family, but when it became more of an open topic - that everyone could speak more freely about, we could chip in to help each other as a team more often than if we had kept it quiet and to ourselves. The subject had shifted from fear and greed to one of supportiveness and cohesiveness within the family, and I believe that it was a major ingredient in my previous success.

A really good book that has changed my life is the book Rich Dad, Poor Dad by Robert Kiyosaki. The way he openly speaks about money seems at least for me to take the mystery out of the problems and make it a team sport for his family to become and remain successful. Mind you money isn't the only thing that matters, but if everyone has a hand in helping out with full openness and a stronger overall understanding in any subject, then I believe it become much less of a problem to deal with long term. Once it becomes a team effort - you talk about it less fearfully and can enjoy the more important things in life with less of a burden.

My wish is to give others the chance I was given by sharing ideas openly in the other threads I've began. Perhaps I'll find a great future business partner that will be a joy to work wih. Perhaps we'll realize my simple goal of making the tfp community self sustaining without the need for donations. Which by the way funny enough when it happens, actually INCREASES the amount of donations as well. I don't claim to know everything, but I do have a willingness to share and Learn as well. Isn't that what community is about?

Thanks to everyone that has shared so far, and I'm looking forward to see what sharing strategic ideas in the open can do for this forum.
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