The “Lessons From” series are bite-sized summaries of books about financial literacy for parents raising money-smart kids. To the rich, your asset is your income. When poor people spend their money rich invest it and that’s mainly the reason they have a constant cash-flow. Unfortunately, most schools don’t teach about this and if you don’t learn it yourself you will become a slave to money. Posted on April 23, 2019 September 20, 2019 by BrightMillenial. Regarded as one of the best books ever written on personal finance and remain #1 Seller for almost two decades, Rich Dad and Poor Dad by Robert Kiyosaki is a book that inspires so many people to become financially better. Kiyosaki has sold a lot of books and other stuff. In other words, they keep buying things that never brings in money (Liabilities). Their goal is freedom. Your academic education can surely make you millions but your financial education will help you learn in managing those millions. RICH DAD POOR DAD Summary- Lessons by Robert Kiyosaki: In the book ‘Rich Dad Poor Dad’, Robert Kiyosaki describes about his two fathers.The Poor dad was his real dad and the Rich dad was his friend’s dad. Plot summary: The author, Robert Kiyosaki narrates the money lessons he learnt over the years from two fathers. This is the secret of most of the riches that they mind their own business. Here, is a man named Robert T. Kiyosaki an American investor, businessman, author, motivational speaker, and financial commentator who became well known in recent years as he earns an estimated net worth of $80 million dollars. Lessons From Chapter 9: Rich Dad, Poor Dad 1. Let take a look as he explains in one of his best book called Rich Dad Poor Dad. Over 32 million copies already sold in more than 50 languages and 100+ countries. *FREE* shipping on qualifying offers. Money without financial intelligence is money soon gone. Rich Dad Poor Dad is a book written by Robert Kiyosaki and Sharon Lechter in 1997. If you want to be rich, this is all you need to understand most. By the way, active income is money you earn unless you work, while passive income works on the opposite, with passive income you don’t have to work before you can cash in. Examples of emotional thinking are like: I need to get another job, I deserve a raise, I want this job because it is secured. Which in the end left them with almost nothing to put in their asset column. Written in 1997, the book focuses on the importance of financial independence and emphasizes the importance of building wealth through investments by comparing two fathers. How strange it is that we want good grades, go to good colleges, get high paying jobs... #3. One of the first books related to finance that I read was Rich Dad Poor Dad by Robert Kiyosaki . When a Middle-class man gets a paycheck he spends most of the income on buying new cars, eating out, partying, shopping and etc which results in a huge list of debt to pay. This article includes a … Here are 15 Lessons Rich Parents Teach Their kids that the Poor Don't! #10 Useful Lessons From Rich Dad Poor Dad. Rich focuses on gaining financial knowledge. Monday, July 6, 2020 12:10 PM Rich Dad Poor Dad by Robert Kiyosaki Lesson 1: 1. You see that same fear and desire is what makes a lot of people to be so dramatically about go to school for a better chance of high paying job. One is poor dad ( Real Dad ) and second is Rich Dad ( Friend father ) and his best friend. 10 Valuable Lessons From 'Rich Dad, Poor Dad' ... “Rich Dad, Poor Dad”, is one of the best books that has shaped the financial views of many people around the world. It is surely a book you should start your financial education with. To handle that fear, you need to learn the power of money, not to be afraid of it. It’s very important to change the way you think about certain things and to develop a healthy positive attitude. I had been indoctrinated into the get a good education, work hard, find a good job with benefits, buy a house, and all will be well philosophy of life. They have a job but also they have the business. But the joy money brings is often short-lived and soon this more money for more joy will pleasure more comfort and more security. They invest this money which helps their asset column to grow. This will teach you some of the biggest Money Lessons of your life. Real Life ideas, altogether a new perspective towards money, this book has a lot to teach you if you want to become better with money and master your financial life. Summary: Lessons from Rich Dad Poor Dad. You need to buy assets. by Robert T. Kiyosaki, Sharon L. 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