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Mar 2, 2024 · Robert Kiyosaki, the author renowned for his bestselling book “Rich Dad Poor Dad,” recently shared insights into his personal life and financial strategies during an interview with Vlad TV.
- The Rich Don’T Work For Money
- Don’T Be Controlled by Emotions When It Comes to Money
- Invest in Yourself First
- Acquire Assets
- Always Remember The Kiss Principle
- The Rich Focus on Opportunities
- Don’T Be Financially Illiterate
- You Need Multiple Streams of Income
- Be Focused
- Train Your Mind
Money works for the rich. If you work for money, it’s easy to develop a scarcity mindset and always feel like the only one who isn’t living comfortably. But if that same amount of cash is working in your favor, then things will be different; instead of feeling poor all day long with no hope or future aspirations because “there just isn’t enough.” Y...
Most working-class individuals are controlled by two emotions of fear and greed. They fear being poor by working hard continuously for long hours and not seeing any improvement in their quality of life. The other is greed, where people want to get rich quickly by winning the lottery or taking unnecessary risks with their money.
You must invest in your own financial education before anything else. Robert Kiyosaki’s rich dad would say, “The biggest investment you can make is in yourself.” By investing in yourself, you are increasing your human capital, which is the biggest asset you have.
Don’t buy things that will lose value over time (liabilities). Instead, invest your money in things that will appreciate in value or give you passive income (assets). The rich continue to acquire assets until their passive income covers all their expenses so that they can live a life of financial freedom.
Keep it simple, stupid. This acronym is key in business and personal finance. When it comes to money, don’t over-complicate things. The more complex something is, the greater the chance for human error. Many people struggle with these concepts initially, but breaking them down into their simplest forms will make it easier to understand them a lot b...
While the poor focus on salaries. Rich people are always looking for opportunities to make more money. They are not content with just working for a salary because they know that salaries will never make them rich. They are always looking for new opportunities to invest their money in and grow their wealth.
Yes! A person with all the education in the world can be financially illiterate. This means that they do not know how to manage their money properly. Many people are in debt because they do not understand the basic concepts of money and how it works. This is why it is so important to educate yourself on personal finance, even if you have to read a ...
The rich know they cannot rely on just one source of income. They have multiple income streams, so if one stream dries up, they still have others to fall back on. This is why it is so important to have multiple sources of income, whether it be from investments, business ventures, or even a side hustle.
If you have a job, keep your career and start an online business. Use the time spent on anything other than work (like partying) to build this side hustle so it can help support yourself financially and pay off student loans or save money for retirement later down the line!
What’s your biggest asset? Your mind. Many people watch opportunities with their eyes, but if you train it well enough and focus on what might happen in the future, some amazing things may come true!
Jan 16, 2024 · 2. Academic Learning isn’t Valuable (Rich People Don’t Need It) Kiyosaki also has a bad habit of downplaying the value of academic education and traditional learning. He seems to believe people who follow the general wisdom end up like his poor dad: highly educated but ineffective and stressed about their money.
Mar 15, 2024 · Robert Kiyosaki, 'Rich Dad Poor Dad' Author, Says, 'I Am a Billionaire in Debt' — And Calls Dave Ramsey An Idiot For Encouraging People To Live Debt-Free Jeannine Mancini Fri, Mar 15, 2024, 1:39 ...
- 3 min
- Jeannine Mancini
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Rich Dad Poor Dad Author. Robert Kiyosaki, author of Rich Dad Poor Dad - the international runaway bestseller that has held a top spot on the New York Times bestsellers list for over six years - is an investor, entrepreneur and educator whose perspectives on money and investing fly in the face of conventional wisdom.
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).
