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- Nicole Martins Ferreira
- Lesson 1: The Rich Don’t Work For Money. “The poor and middle-class work for money. The rich have money work for them.” Growing up, Robert Kiyosaki went to the same school as the rich kids, simply because he lived on a different side of the street.
- Lesson 2: Why Teach Financial Literacy? “It’s not how much money you make. It’s how much money you keep.” Robert Kiyosaki retired at the age of 47.
- Lesson 3: Mind Your Own Business. “The rich focus on their asset columns while everyone else focuses on their income statements.” While most people assume that Ray Kroc, the founder of McDonald’s, is in the hamburger business, Kroc once told an MBA class that he’s actually in the real estate business.
- Lesson 4: The History of Taxes And The Power of Corporations. “My rich dad just played the game smart, and he did it through corporations– the biggest secret of the rich.”
Jan 18, 2023 · Robert Kiyosaki’s Rich Dad Poor Dad was first published in 1997 and quickly became a must-read for people interested in investing, money, and the global economy. The book has been translated into dozens of languages, sold around the world, and has become the #1 personal finance book of all time. The overarching theme of Rich Dad Poor Dad is ...
- ⓵ Takeaway 1: The Importance of Financial Literacy
- ⓶ Takeaway 2: The Cashflow Quadrant and The Four Types of Income
- ⓷ Takeaway 3: The Power of Entrepreneurship
- ⓹ Takeaway 5: The Importance of Passive Income and The Power of Investing
- ⓺ Takeaway 6: The Concept of The Rat Race and How to Escape It
- ⓻ Takeaway 7: The Power of Positive Thinking and Continuous Learning
- Final Thoughts
Financial literacyis an essential skill in today’s world. And yet, it’s often overlooked and undervalued. In “Rich Dad Poor Dad,” author Robert Kiyosaki emphasizes the importance of financial literacy. And how it can be the difference between financial freedom and financial struggles.
In “Rich Dad Poor Dad,” Robert Kiyosaki introduces the concept of the Cashflow Quadrant and how it can be used as a tool to improve one’s financial situation. But what exactly is the Cashflow Quadrant? And why is it so important in personal finance? The Cashflow Quadrant is a diagram that divides individuals into four categories based on the source...
In “Rich Dad Poor Dad,” Kiyosaki emphasizes the importance of entrepreneurship as a means to achieve financial freedom. Entrepreneurship offers a greater potential for wealth creation compared to a traditional job. It’s about having the courage and creativity to start your own business. And the willingness to take calculated risks to achieve succes...
In the world of personal finance, passive incomeis king. Unlike active income (which is earned through a traditional job) passive income is money that comes in without requiring much ongoing effort. It’s the foundation of financial stability and a crucial component of financial freedom. Passive income can come from a variety of sources (including r...
Have you ever felt like no matter how hard you work, you’re still barely getting by? That’s the feeling of being trapped in the rat race. The rat race refers to the cycle of working hard just to make ends meet. Living paycheck to paycheck. And never really getting ahead. This cycle is especially relevant in today’s world, where the cost of living i...
Personal finance is not only about managing money and making smart financial decisions. But also about having the right mindset. Your mindset shapes your beliefs, attitudes, and behaviors, and ultimately affects your financial success. Positive thinking plays a crucial role in personal finance. It helps you stay motivated, overcome obstacles, and m...
It’s easy to say yes to financial literacy. But it’s much harder to make the switch because of our hard-wiring through all these years in school. And this is why sometimes dropouts have better chances of achieving financial success. Because their minds are open to different perspectives and not fixed on earned income. Nevertheless, “Rich Dad Poor D...
Mar 25, 2024 · O ne of my favorites off the old bookshelf — the personal finance classic Rich Dad Poor Dad by Robert Kiyosaki made a profound impact on how I view money and wealth. Packed with counterintuitive ...
Rich Dad Poor Dad is a 1997 book written by Robert T. Kiyosaki and Sharon Lechter. It advocates the importance of financial literacy (financial education), financial independence and building wealth through investing in assets, real estate investing, starting and owning businesses, as well as increasing one's financial intelligence (financial IQ).
- Robert T. Kiyosaki
- 2000
The fear of being fired. The fear of not having enough money. the fear of starting over. That’s the price of studying to learn a profession or trade, and then working for money. Most people become a slave to money… and then get angry at their boss.”. ― Robert T. Kiyosaki, Rich Dad, Poor Dad.
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Rich Dad Poor Dad Summary. “There is a difference between being poor and being broke. Broke is temporary. Poor is eternal.”. “Money comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth.”. “People’s lives are forever controlled by two emotions: fear and greed.”.
