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money would be his for the car; and the 3;000 would go into his college fund。〃

〃And what are the results?〃 I asked。

〃Well; he got lucky early in his trading; but lost all he gained a few days later。 Then; he really got interested。 Today; I would say he is down 2;000; but his interest is up。 He has read all the books I bought him and he's gone to the library to get more。 He reads the Wall Street Journal voraciously; watching for indicators; and he watches CNBC instead of MTV。 He's got only 1;000 left; but his interest and learning are sky high。 He knows that if he loses that money; he walks for two more years。 But he does not seem to care。 He even seems uninterested in getting a car because he's found a game that is more fun。〃

〃What happens if he loses all the money?〃 I asked。

〃We'll cross that bridge when we get to it。 I'd rather have him lose everything now rather than wait till he's our age to risk losing everything。 And besides; that is the best 3;000 I've ever spent on his education。 What he is learning will serve him for life; and he seems to have gained a new respect for the power of money。 I think he's stopped the burning of holes in his pockets。〃

As I said in the section 〃Pay Yourself First;〃 if a person cannot master the power of self…discipline; it is best not to try to get rich。 For while the process of developing cash flow from an asset column in theory is easy; it is the mental fortitude of directing money that is hard。 Due to external temptations; it is much easier in today's consumer world to simply blow it out the expense column。 Because of weak mental fortitude; that money flows into the paths of least resistance。 That is the cause of poverty and financial struggle。

I gave this numerical example of financial int

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