El sueno de la razon produce monstrous

A comment by Robert Kiyosaki (author of the ridiculous Rich Dad, Poor Dad series):

People working for a paycheck are making the owner or the shareholders richer

The truth of the matter is that many businesses don’t make their owner or shareholders richer. Many businesses fail and their owners or shareholders lose a lot of money. Others may make a profit, but in terms of the investment (financial and otherwise) and the opportunity costs involved should be considered failures.

In addition, many employees do not actually add value to the business they work for. They  actually make the owner or shareholders poorer by being unproductive, preventing sales from occuring or making unprofitable sales, and making significant errors.

Owning, and running, a business is not a guarantee of wealth. It can be the opposite.

Just because something sounds good doesn’t make it true.

Sonnie Bailey

Sonnie is the founder and principal of Fairhaven Wealth.

Before founding Fairhaven Wealth, Sonnie worked in the legal and financial services industries for over a decade.

Sonnie first became involved with financial advice as a specialist financial services lawyer. For many years, he was an “adviser of advisers”, reviewing thousands of advice files prepared by hundreds of financial advisers, and providing feedback in relation to the quality and appropriateness of advice; industry best practice; risk management; and regulatory compliance. He has published work in industry publications and spoken at various financial advice conferences.

Sonnie has also worked with banks, investment management firms, insurers, and derivatives providers.

Sonnie has worked as a private client lawyer, focusing on succession, estate planning and trusts. He ran his own legal firm in Australia before relocating to New Zealand. He has also acted in independent trustee and company director positions.

Sonnie is passionate about helping people achieve their goals and manage the risks to which they are exposed.

He has written extensively on his blog, New Zealand Wealth and Risk, which can be found at www.wealthandrisk.nz.

Sonnie is married to his wonderful wife Chrissy, and has two young children, Ben and Anna.