第20部分(第2/7 頁)

y　difference　between　a　rich　person　and　a　poor　person　is　how　they　handle　that　fear。

It's　OK　to　be　fearful。　It's　OK　to　be　a　coward　when　it　es　to　money。　You　can　still　be　rich。　We're　all　heroes　at　something　and　cowards　at　something　else。　My　friend's　wife　is　an　emergency　room　nurse。　When　；　she　sees　blood；　she　flies　into　action。　When　I　mention　investing；　she　runs'j　away。　When　I　see　blood；　I　don't　run。 I　pass　out。　My　rich　dad　understood　phobias　about　money。 〃Some　people　are　terrified　of　snakes。　Some　people　are　terrified　about　losing　money。　Both　are　phobias；〃　he　would　say。　So　his　solution　to　the　phobia　of　losing　money　was　this　little　rhyme：　〃If　you　hate　risk　and　worry。　。　。start　early。〃

That's　why　banks　remend　savings　as　a　habit　when　you're　young。　J　If　you　start　young；　it's　easy　to　be　rich。　I　won't　go　into　it　here；　but　there　is　a　large　difference　between　a　person　who　starts　saving　at　age　20　versus　age　30。　A　staggering　difference。

It　is　said　that　one　of　the　wonders　of　the　world　is　the　power　of　pound　interest。　The　purchase　of　Manhattan　Island　is　said　to　be　one　of　the　greatest　bargains　of　all　time。　New　York　was　purchased　for　24　in　trinkets　and　beads。　Yet；　if　that　24　had　been　invested；　at　8　percent　annually；　that　24　would　have　been　worth　more　than　28　trillion　by　1995；　Manhattan　could　be　repurchased　with　money　left　over　to　buy　much　of　L。A。；　especially　at　1995's　real　estate　prices。

My　neighbor　works　for　a　major　puter　pany。　He　has　been　there　25　years。　In　five　more　years　he　will　leave　the　pany　with　4　million　in　his　401k　retirement　plan。　It　is　invested　mostly　in　high…growth　mutual　funds；　which　he　will　convert　to　bonds　and　government　securities。　He'll　only　be　55　when　he　gets　out；　and　he　will　have　…a　passive　cash　flow　of　over　300；000　a　year；　more　than　he　makes