[Bear Journal] No. 662 Money is Flying! Cash Blower

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November 2, 2024 Bear Journal No. 662
This blog is the blog of Daisuke Kumakura. I share daily insights for solo entrepreneurs.
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One of the concepts introduced in Rich Dad Poor Dad is the "fast track." It is contrasted with the "rat race." Many of you may already know this, but please allow me to explain it briefly.

The "fast track" refers to the path toward financial freedom by making your money work for you, rather than working for money. It is considered important to escape the "rat race" (a life of being tied to money and constantly working) to earn a general salary, and to transition to the "fast track" by building assets.

Once you enter this "fast track," your income from investments and businesses increases, and because you become able to earn revenue without depending on labor, you can lead a freer life.

Specifically, methods of earning income by building assets instead of labor—such as stocks, real estate investment, business ownership, and intellectual property rights—are considered the path to the "fast track."

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In short, the important thing is "how you use your money." It is true that even when you read investment-related books, guidance on how to use it is written there. Things like "use it where you will become wealthier" or "use your money for meaningful things that provide high satisfaction."

Speaking from my own experience, that part is easy; what is difficult is "not knowing in advance what kind of usage will bring a return." That is the issue.

Amidst all this, you need to use money to exchange it for various things. If you don't use money, your business won't move forward, and you have no way of knowing if this is the correct way to use it or if it is a way that will yield a return. In short, a massive amount of waste occurs.

Therefore, if you are thinking, "use your money for meaningful things," you end up unable to use your money.

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Even if I call it a business, at my level, company money equals my own money. It hurts to use it normally, you see. In short, I am not used to using money.

The idea of "use your money for meaningful things," which seems correct at first glance. The result of that is the "cannot use money" disease. I think there is a certain number of people who are like that. Don't you all have that too?

When you are running a business, money decreases through small, detailed decisions. That is true for small tools, and it is also true for investment-style usage. There are quite a few times when you invest in places where you don't know if a return will come back immediately.

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If you think about "whether it is meaningful or not" for every little thing, you can't use money, or rather, you don't know what will have a return. That means you cannot get on the fast track.

You need to overcome this contradiction.

I imagine these things using a "cash blower." It is that bill-grabbing machine you see at arcades. It is the one with the rule where you catch as many banknotes as possible within a time limit as they fly around due to the strong wind blown by a fan.

There are 100 bills flying around, but it is impossible to grab them all, right? However, if you can catch even one of them, you can recover the cost of the game.

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In reality, you can catch them at a higher probability than in the game, but the rate is still low. Probably the majority will not bring any return.

Even so, by continuing to use it, I think you will get better at how you use it. By doing so, you bet on places where you think (hopefully) the probability is even slightly higher.

I also intend to increase the probability regarding how I use money through these kinds of experiences.