- Bernan Pots fell behind retirement savings, but two books helped to turn his financing.
- He says the ‘millionaires the next door’ and the ‘rich father poor father’ have changed their mindset.
- The books encouraged him to change his strategy and start investing in real estate.
Expansion of Bernan Potus is expected Its original state portfolio In the next five years, from 12 gates to 20.
At this time, he will find it easier to walk away from his property management company and enjoy early retirement.
The 53 -year -old, who makes his rent property to make a better profit, has put himself in a great financial position in the last five years, but, “It doesn’t seem to have made mistakes in my life,” he told the Business Insider.
“I initially made something bad. I probably gathered it in my 40s, and I feel like I really have collected it well, but we didn’t perform well because we were not taught.”
Like most general jewelry, Pots did not learn basic personal finance lessons in school, such as the importance of working your money – and starting soon. After years of work in banking and finance, he found himself behind in a long -term savings.
He said, “I was in my 40s and I was actually not serious for retirement saving.” “And I knew that the power of time is now a responsibility for me.”
The Fort Worth -based investor said the two -money books “changed my mindset”, and eventually led him to invest in real estate investment and financial independence.
“Next door billionaire“Through Thomas Jay Stanley and William de Danko
“If you haven’t read it, you need to read it,” said Potts. “This is an old book written in ’96. I am telling you, it’s opening an eye.”
The book allows you to look like an average billionaire – the author has revealed that most are not shiny and instead of living and living modest – and identifying commonalities and traits in people who make money.
“Rich father poor father” By Robert Kiosaki
Robert Kyusaki’s 1997 book, which Pots called “a classic” A favorite in the property of the non -real investors.
The author raised with two father data: “Poor father,” his real father who died with bills to pay, and “rich father”, who began a little before becoming a wealthy man. Both fathers succeeded in their career and earned considerable income, but one person always struggled financially.
Kyusaki looked at, spoke, and acted, and acted on the basic differences in the idea of ”rich father” and “poor father”. Throughout your book, they offer an everlasting lesson learned from the “Rich Father”, especially, how much money you have to do is, to what extent you focus on the acquisition of assets, not the responsibilities.
He said he taught Pots the importance of keeping his money “accountable”. “These are the people who reach financial freedom. If you treat your money well, it will come back with friends. If you treat your money badly, I will leave it to someone else who treats him well. So, I want to treat my money well.