There was once a frog who lived somewhere (I don't really know, trust me). One day, the frog accidentally fell on a hole -- a shallow well. Upon examining, he quickly realized how high it would require to jump over the hole in order to go back outside!
Looking around, he saw many other frogs around him. Some were same his age, some were even older than him.
Robert Kiyosaki, author of the best-selling personal finance book “Rich Dad, Poor Dad”, had successfully identified the difference between an asset and a liability. He also genuinely dismissed the idea that all debts are bad and even went on to say that the rich have huge debts!
But what sets apart the rich from the poor if both carry debts anyway?
Allow me to quote one of my favorite stories from one of my favorite mentors. The story below was written by Bo Sanchez, a preacher and a finance guru in the Philippines. The story talks about how to handle risk, especially on the subject of investing. Many of us loved to do something more rewarding, yet not all are brave enough to handle fear -- a product of our own negative thoughts.