t　is。

The　fear　of　losing　money　is　real。　Everyone　has　it。　Even　the　rich。　But　it's　not　fear　that　is　the　problem。　It's　how　you　handle　fear。　It's　how　you　handle　losing。 It's　how　you　handle　failure　that　makes　the　difference　in　one's　life。　That　goes　for　anything　in　life；　not　just　money。　The　primary　difference　between　a　rich　person　and　a　poor　person　is　how　they　handle　that　fear。

It's　OK　to　be　fearful。　It's　OK　to　be　a　coward　when　it　es　to　money。　You　can　still　be　rich。　We're　all　heroes　at　something　and　cowards　at　something　else。　My　friend's　wife　is　an　emergency　room　nurse。　When　；　she　sees　blood；　she　flies　into　action。　When　I　mention　investing；　she　runs'j　away。　When　I　see　blood；　I　don't　run。 I　pass　out。　My　rich　dad　understood　phobias　about　money。 〃Some　people　are　terrified　of　snakes。　Some　people　are　terrified　about　losing　money。　Both　are　phobias；〃　he　would　say。　So　his　solution　to　the　phobia　of　losing　money　was　this　little　rhyme：　〃If　you　hate　risk　and　worry。　。　。start　early。〃

That's　why　banks　remend　savings　as　a　habit　when　you're　young。　J　If　you　start　young；　it's　easy　to　be　rich。　I　won't　go　into　it　here；　but　there　is　a　large　difference　between　a　person　who　starts　saving　at　age　20　versus　age　30。　A　staggering　difference。

It　is　said　that　one　of　the　wonders　of　the　world　is　the　power　of　pound　interest。　The　purchase　of　Manhattan　Island　is　said　to　be　one　of　the　greatest　bargains　of　all　time。　New　York　was　purchased　for　24　in　trinkets　and　beads。　Yet；　if　that　24　had