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 talking about。 It's how they handle life。 They live it big。 Not like most of the people around here； living like roaches when it es to money。 Roaches terrified that someone will shine a light on them。 Whimpering when the grocery clerk short changes them a quarter。〃
Rich dad went on to explain。
〃What I like best is the Texas attitude。 They're proud when they win； and they brag when they lose。 Texans have a saying； 〃If you're going to go broke； go big。 You don't want to admit you went broke over a duplex。 Most people around here are so afraid of losing； they don't have a duplex to go broke with。〃
He constantly told Mike and me that the greatest reason for lack of financial success was because most people played it too safe。 〃People are so afraid of losing that they lose〃 were his words。
Fran Tarkenton； a one…time great NFL quarterback； says it still another way： 〃W