Loading ...World Best Selling Author, Robert Kiyosaki with his most famous book “Rich Dad Poor Dad” had been sharing with the world the secret of getting rich and being rich since 1997.
Most of Robert Kiyosaki’s book doesn’t cost anything more than USD100, with such a low investment and be able to access to a content rich of data on how to become a rich person who do not let money, or the lack of it, dictate a person’s life, yet why are there still such a low ratio of rich people out there?
This article will provide some basic ideas as a summary of some of the contents of Robert Kiyosaki book, we hope that it may gives you some insights and enlightenment and be able to provide some value to your financial education.
Robert Kiyosaki Book - Rich Dad Poor Dad
Robert Kiyosaki Book - Rich Dad Poor Dad
5 important lessons and concepts being mentioned in financial education from Robert Kiyosaki Book - Rich Dad Poor Dad:
1. The Rich Does Not Work for Money
The middle class and the poor works because they afraid of losing their job, and not able to pay the bills when they don’t have any income from their job, thus becoming a slave to money.
The rich does not work for money. Instead of looking for financial security, they are more open to opportunities and prefer freedom instead.
2. The concept of Asset and Liability
Asset puts money into your pocket. Liability takes money out of your pocket. Asset feeds you. Liability eats you.
3. Mind Your Own Business
Your own business should be building your assets, which is adding income generating entity into your assets list.
4. Know the Rules so You Can Break Them Properly
When you don’t know the rules, how is it possible for you to win the game? The rich knows how to protect their assets via businesses or companies, they spend and only pay taxes for what is left after spending, legally.
5. Train your Financial IQ
There are four main ares in Financial IQ’s professionalism: financial knowledge,investment strategies, market supply and demand, laws and regulations.
Improve yourself when you are learning, and rectify your mistakes so you become better and better.
Some Quotes from Robert Kiyosaki Book
*** There are three financial forces that cause most people to work hard and yet struggle financially. They are: 1. Taxes, 2. Debt, 3. Inflation. (Conspiracy of The Rich)
*** The key to financial freedom and great wealth is a person’s ability or skill to convert earned income into passive income.
*** Know the difference between advice from rich people and advice from sales people.
*** People who do not respect money, or abuse the money they earn, are themselves often not respected and financially abused.
*** If you take control of your money, you take control of your life.
*** If a person does not know what to do with their money, they should first invest some time in their investment education before investing their money.
*** I can’t afford this land either, but my business can.
*** If you want to solve the 90/10 riddle for yourself, you need to be both type of investors. You need to be a person who knows how to create assets as well as a person who knows how to buy assets.
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