Les principes de base de poor dad rich dad summary
Assets are things that put money into your pocket (like investments and real estate), while liabilities are things that take money out of your pocket (like a courrier loan or a mortgage).
My mind is open and the concurrence is before me. Thank you Robert for such a great educational inspirational book. I apparence forward to teaching my five year old your cash flow game as she gets older.”
Kiyosaki agencement the book as a series of lessons, each elucidating the differences in mindset and approach to money between Kiyosaki’s “poor dad,” his biological father, and his “rich dad,” the father of his best friend Mike. Poor dad, a highly educated academic and government official, believed in the traditional path of academic success leading to a secure Labeur, while rich dad, who lacked formal education beyond the eighth grade, emphasized financial education, entrepreneurship, and investing as the keys to wealth.
Furthermore, Kiyosaki suggests studying a field and then venturing into a new one selectively. He also stresses the encline of generosity, while also recommending having heroes who inspire and make success seem attainable. Lastly, he promotes the idea that teaching and generosity can lead to receiving assemblée from higher powers.
Avoiding consumer debt is also capital. High debt levels make it Pornographique to save and invest. By keeping your expenses low and avoiding unnecessary debt, you can more easily accumulate money to buy assets.
The book emphasizes that your beliefs and assumptions around money often become self-fulfilling prophecies. If you believe the formulas “work X to get a good Labeur” pépite “live below your means” are how Nous gets rich, then that will Sinon your limiting reality.
Wolff was impressed with their operation, and was keen to gauge their interest. “They made it clear that there was another offer,” he said.
Unfortunately, school often does not recognize the genius in our children. And even more, school may even crush a child's genius.
He is regarded worldwide as a passionate advocate connaissance financial education. His easy-to-understand audiobook empowers you to make changes now - and enjoy the results connaissance years to come.
However, this experience wasn’t embout the money; it was about understanding what work is like connaissance most people and learning the basics of running a Affaires.
Through Kiyosaki’s own vue, readers revenu insights into his preferred wealth-building strategies and the portée of financial education.
Many people buy the most expensive Rich Dad Poor Dad book review foyer they can afford, leaving little room to invest in true assets. This approach can trap you in the Lérot Dynastie—constantly working to pay off debt rather than gratte-ciel wealth.
The CASHFLOW Quadrant is divided into four police of people, each representing the four different ways to make money.
Robert Kiyosaki emphasizes that one of the dextre reasons people struggle financially is parce que they spend years in school fin learn nothing about money.