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In five more years he will leave the company with $4 million in his 401k retirement planIt is invested mostly in high-growth mutual funds, which he will convert to bonds and government securitiesHe'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 riskBut 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 nothingHe simply avoided the issue, refusing to quilted chanel bag discuss the subject My rich dad, on the other hand, recommended that I think like a Texan "I like Texas and Texans," he used to say "In Texas, everything is biggerWhen Texans win, they win bigAnd when they lose, it's spectacular "They like losing?" I asked "That's not what I'm sayingShow 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 aboutIt's how they handle lifeNot like most of the people around here, living like roaches when it comes to moneyRoaches terrified that someone will shine a light on themWhimpering when the grocery clerk short changes them a quarter Rich dad went on to explain "What I like best is the Texas attitudeThey're omega olympic watch proud when they win, and they brag when they loseTexans have a saying, "If you're going to go broke, go bigYou don't want to admit you went broke over a duplexMost 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: "Winning means being unafraid to lose In my own life, I've noticed that winning usually follows losingBefore I finally learned to ride a bike, I first fell down many timesI've never met a golfer who has dolce