Rich Dad

[Hot dog]

I was just reading and wondering what you guys thought of the quote "The reason most bankers are not rich is because most bankers are not gamblers. And the reason most gamblers are not rich is because most gamblers are not good bankers." He says the reason most bankers aren't rich is because they are too conservative. You have to be good at both just like a detective would have to also be able to think like a good crook to be a good detective.

[PrincessPerky]

well, it stands to reason that being good at two skills beats just being good at one....

[Aleta]

I would think that being a banker gives you a view that most don't see and I'm sure they see what can happen to people who overly expose themselves to the markets. Everyday, they see foreclosures, bankruptsy's, bad debt, to name just a few. That could make one hesitant about investing.

It might be like working at a dogtrack taking bets and seeing the odds. I'm sure it could make you think twice about betting. There is nothing wrong with investing. It's just a good idea to have some kind of leverage when you do .

[n_vizion]

Safe investments probably won' t make you rich.
Risky moves won't keep you rich.

[Harrison]

It all about how you can be financial literacy like bankers and dare to take some ricks like gamblers. Combine both of them, you will be a good investor.

[Adambnn]

It is all about doing the right thing at the right time. Don't just act in only one way. Be greedy at the right time is better than the bankers. And be afeard at the right time can prevent your continueing lost like the gamblers

[i-endeavors]

People who take a lot of risk tend to have high-highs and low-lows. They're filthy rich one moment and the next day they are dirt poor.

You won't get too far with "safe" investments, such as a 5% CD. Depending on your outlook and goals, you'll need to find the balance that is best for your personal situation.

[Aleta]

It's true that you won't become rich with the 5% CD, but if you need that money in the near future, the 5% is an extra. You cannot afford to lose your principal on something that is a short-term investment. For some people, they need to keep their short-term money safe earning a guaranteed amount.