been invested； at 8 percent annually； that 24 would have been worth more than 28 trillion by 1995； Manhattan could be repurchased with money left over to buy much of L。A。； especially at 1995's real estate prices。
My neighbor works for a major puter pany。 He has been there 25 years。 In five more years he will leave the pany with 4 million in his 401k retirement plan。 It is invested mostly in high…growth mutual funds； which he will convert to bonds and government securities。 He'll only be 55 when he gets out； and he will have …a passive cash flow of over 300；000 a year； more than he makes from his salary。 So it can be done； even if you hate losing or hate risk。 But you must start early and definitely set up a retirement plan； and you should hire a financial planner you trust to guide you before investing in anything。
But what if you don't have much time left or would like to retire early？ How do you handle the fear of losing money？
My poor dad did nothing。 He simply avoided the issue； refusing to discuss the subject。
My rich dad； on the other hand； remended that I think like a Texan。 〃I like Texas and Texans；〃 he used to say。 〃In Texas； everything is bigger。 When Texans win； they win big。 And when they lose； it's spectacular。〃
〃They like losing？〃 I asked。
〃That's not what I'm saying。 Nobody likes losing。 Show me a happy loser； and I'll show you a loser；〃 said rich dad。 〃It's a Texan's attitude toward risk； reward and failure I'm talk