Rich dad poor dad

Rich dad and poor dad

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Rich Dad Poor Dad is a 1997 book written by Robert T. Kiyosaki.

Rich Dad Poor Dad  book summary/quotes by chapter.

THE RICH DON'T WORK FOR MONEY :-

Rich dad always said "money is power".

The poor and the middle class work for money , The rich have money work for them.

Life is the best teacher of all most of the time, life does not talk to you.it just sort of pushes you around. each push is life saying "wake up".

people's lives are forever controlled by two emotions: fear and greed.

WHY TEACH FINANCIAL LITREACY?:-

Q. why rich get richer?

Answer : The assert column generates more than enough income to cover expenses, with the balance reinvestment into the asset column. The asset column continues to grow and. therefore, the income it produce grows with it. The result is that the rich get richer!

If you want money ,you create it, if you need money you just jobs do it.

Intelligence solves problems and creates wealth. Without financial intelligence, wealth can be destroyed.

Rich dad acquires assets and middle class acquires liabilities that they think are asset.

It's not how much money you make, it's how much money you keep.

MIND YOUR OWN BUSINESS:-

Start minding your own business . keep your day time job , but start buying real assets, not liabilities or personal effects that have no real value once you get them home.

Once a dollar goes into it never let it come out. think of it this way - once a dollar goes into your asset column , it become your employee . the best think about money is that it works 24hour a day and can work for generation.

Rich buy luxuries last, while poor and middle tend to buy luxuries first.

THE RICH INVEST MONEY:-

The single most powerful asset we all have is our mind. if it is trained well, it can create enormous wealth. the author recognized that it was excessive fear and self-doubt that were the greatest detractor of personal genius. The problem with 'secure' investment is that they are often sanitized, that is , made so safe that the gains are less. 

If the opportunity is too complicated and you don't understand investing, don't do it. Simple math and common sense are enough to do well financially.

WORK TO LEARN- DON'T WORK FOR MONEY:-

Life is like going to the gym, the hardest part is when you get there, once you get used to going, it becomes easier.

jab security meant everything to my educated dad, learning meant everything to my rich dad.

School does not think financial intelligence is an intelligence, most workers live within their means, they work and they pay the bills.

workers work hard enough to not be fired, and owners pay just enough so that workers won't quite.

"they are one skill away from great wealth." this phase means is that most people need only to learn and master one more skill and their income would jump exponentially.

The world is filled with talented poor people. aal too often they're poor or struggle financially on earn less than they are capable of , not because of what they know , but because of what they do not know.

OVERCOMING OBSTACLES:-

overcoming fear:

The primary difference between a rich person and a poor person is how they manage fear.

i have never met a rich person who has never lost money.

"loser avoid failing , and failure turns losers into winners. just remember that sentence"

It's not having fear that is the problem. it's how you handle fear.

for most people , the reason they don't win financially is because the pain of losing money is far grater than the joy of being rich. 

author tell about quote of john D. Rockefeller " i always tried to turn disaster into an opportunity.

If you have little money and you want to be rich , you must first be focused, not balanced.

overcoming laziness:

Busy people are often the most lazy. they are busy they stay as a way of avoiding something they do not want to face.

The human spirit is very , very powerful he would say 'it knows it can do anything' by having a lazy mind that say ' i can't afford it' a war breaks out inside you.

overcoming bad habits:

" The pressure to pay my taxes and the other creditors is so great that it force me to seek other form of income . The pressure to pay become my motivation, I've worked extra jobs , stated other companies , anything just to make sure those guys don't start yelling at me. that pressure made me work harder, forced me to think , and all in all made me smarter when it comes to money. if i had paid myself last , i would have fell no pressure , but I'd be broke.

If i pay myself first i get  stronger financially , mentally and fiscally.

amazing  phases "Rich dad poor dad "Book

• "I can't afford it " - your brain stop working. "How can I afford it " - your brain is put to work.
• "If you want money, you create it but if you need money you just job's do it."
• "Mind your own business "this lesson have about that middle class people always buy luxurious first just because of showoff. And Rich people first do investment and real state and last they buy luxurious without any debt. 
• "The Rich invest money "this lesson tell you that we want to invest in our mind because our mind is our first wealth. if our knowledge is wrong, so that our mind is always do wrong thing, if our mind have knowledge of some one skill and develop her.  This is amazing phase that you understand easily "The single most powerful asset we all have is our mind. If it is trained well, it can create enormous wealth."
• most people simply buy investment rather than first investing in learning about investing.
• Robert learns from all of his friends, both those who have money " seeking their knowledge" and those who struggle financially, that group teaches him what "not to do".

Buy it Now👉   Rich Dad Poor Dad original book