![]() We live our lives by a rule, eat, drink, repay debt, pay the bills and go on vacation. Your “safe” salary gives you stability, satisfaction, and keeps you functioning. The fear that we will “die,” collapse, get a divorce if we somehow turn more on the other side of the road – is a very common mindset. Robert underlines two key factors for the occurrence of this phenomenon: fear and greed. Poor and middle-class fathers prefer the safer route, the comfort zone, the job level – where you can settle until retirement. Why is better to be a good loser, than a bad winner? The rich dad believes that money is just the name of the game, all you have to do is learn how to play it that’s all.įurther on, you can utilize these techniques and consequently accumulate wealth. They despise the governmental dependency and wish to see their kids standing firmly as individuals, not as a part of the “whole.” To strive for financial independence, and advocate for success on a professional level. ![]() The rich dad encourages and stimulates his kids to be risk-takers and decision-makers. Wealthy and poor parents 99% of the times perceive money with a different set of eyes. The children are expected to receive financial education from both schools and parents, but most of them are reluctant to pass knowledge linked to money management. Teens often receive regular paychecks from their parents in the form of credit cards, cell phones, and an allowance, but they rarely receive lessons about excessive spending, the value of money and how to invest it. Lack of financial education in schools can contribute to the making of irresponsible children, and consequently grown-ups without a clue about finance. Challenge the beliefs that your home is an asset and that your salary is enough to buy unnecessary things with your credit card. Learn about personal finance and identify the characteristics common to wealthy people. ‘Rich Dad, Poor Dad Summary questions this myth and challenges each one of you to think about the control you have over your financial life. In today’s world, people believe in the fallacy that to be rich, you need to earn a high salary. The poor and middle-class strive for more cash, for a higher salary while the rich people design a method so that money would work for them – funny ha? The two very different views on money, investing and employment shaped Kiyosaki’s life and convinced him that financial education is crucial for everyone. He is the founder or creator of Rich Dad Company, which operates as a consultancy or educational firm that provides services to individuals and other corporations. Robert Kiyosaki is an American-born entrepreneur born on April 8th, 1947. “People who avoid failure also avoid success.” The latter has street smarts and used that to become an entrepreneur, eventually becoming one of the wealthiest men in Hawaii (and Kiyosaki’s mentor). The first one was well-educated and worked as an employee his whole life. In Rich Dad Poor Dad, Robert Kiyosaki shares the story of his two dads: his real one, the “poor father”, and the father of his best friend, the “rich father”. ![]() ![]() Take into consideration many aspects, and start investing your money, instead of keeping it in a coffin. ![]() Who is controlling your behavior? How does our cultural background inflicts pain and ignites an emotional fire from within? Think you need a high income to become rich? Think having a house is an asset? Do you know the difference between good and bad debt? In the bestselling personal finance book of all time, Robert Kiyosaki challenges the way people around the world think about money and investing. The book has been widely popular and has been translated into dozens of languages.What The Rich Teach Their Kids About Money – That The Poor And Middle Class Do Not! The book argues that traditional financial advice, such as working hard and saving money, is not enough to achieve financial independence and that building assets is key to building wealth. It presents the author’s personal story of growing up with two fathers, his biological father (the “poor dad”) who was highly educated but financially struggling, and his best friend’s father (the “rich dad”) who had less formal education but was wealthy. The book advocates for financial literacy and the importance of assets, such as real estate and businesses, in building wealth. “Rich Dad Poor Dad” is a personal finance book written by Robert Kiyosaki, first published in 1997. View on Amazon Rich Dad Poor Dad Details: ![]()
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