d; Mike; took over his father's empire and is; in fact; doing a better job than his dad did。 We see each other once or twice a year on the golf course。 He and his wife are wealthier than you could imagine。 Rich dad's empire is in great hands; and Mike is now grooming his son to take his place; as his dad had groomed us。
In 1994; I retired at the age of 47; and my wife; Kim; was 37。 Retirement does not mean not working。 To my wife and me; it means that barring unforeseen cataclysmic changes; we can work or not work; and our wealth grows automatically; staying way ahead of inflation。 I guess it means freedom。 The assets are large enough to grow by themselves。 It's like planting a tree。 You water it for years and then one day it doesn't need you anymore。 It's roots have gone down deep enough。 Then; the tree provides shade for your enjoyment。
Mike chose to run the empire and I chose to retire。
Whenever I speak to groups of people; they often ask what I would remend or what could they do? 〃How do they get started?〃 〃Is there a good book I would remend?〃 〃What should they do to prepare their children?〃 〃What is the secret to success?〃 〃How do I make millions?〃 I am always reminded of this article I was once given。 It goes as follows。
THE RICHEST BUSINESSMEN
In 1923 a group of our greatest leaders and richest businessmen held a meeting at the Edgewater Beach hotel in Chicago。 Among them were Charles Schwab; head of the largest independent steel pany; Samuel Instill; president of the world's largest utility; Howard Hopson; head of the largest gas pany; Ivar Kreuger president of the International Match Co。; one of the world's largest panies at that time; Leon Frazier; president of the Bank of International Settlements; Richard Whitney; presiden