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 an Authorised Financial Adviser (AFA) and former lawyer with experience in the financial services and trustee industries. Sonnie operates Fairhaven Wealth (www.fairhavenwealth.co.nz).