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Genre:Personal Finance, Self-Help
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Originally Published:
Overview
Rich Dad Poor Dad By Robert T. Kiyosaki: This is a self-help book by The United States writer Robert T. Kiyosaki. It was his Advice On Finance, a Personal Finance genre book. It was originally published in USA by Plata Publishing in 2017.
Rich Dad Poor Dad Book Overview
| Original Title | Rich Dad Poor Dad |
| Genre | Advice On Parenting, Personal Finance |
| Author | Robert T. Kiyosaki |
| Publisher | Plata Publishing |
| Series | Rich Dad #1 |
| Language | English |
| Country | USA |
| Publication Date | 2017 |
| Pages | 130 |
| File Size | 780 KB |
Rich Dad Poor Dad By Robert T. Kiyosaki
Rich Dad Poor Dad by Robert Kiyosaki is known as one of the best pieces of financial literature. This book was written in the past few decades. It’s based on the premise that growing up.
Rich Dad Poor Dad By Robert T. Kiyosaki: Book Summary
Robert had two fathers. His biological father which he called his Poor Dad. He is an educated person. And the father of his best friend who he called his Rich Dad. Who never even finished the eighth grade his Rich Dad was a business owner. He died leaving millions of dollars to his family and Community.
While his poor dad died in debt both men believed in education but went about their beliefs in education in vastly different ways. Both its rich dad and his poor dad helped to shape Robert’s mind and allow him to evaluate two different perspectives when it comes to finances how to view Money.
In general the main takeaways that I got from this book are the following. One rich people do not work for money instead they make money work for them. In contrast the poor middle class work for money. Two rich people acquire assets.
Meanwhile the poor middle class acquired liabilities some of which they believe are assets to acquire an asset. You must know the difference between an asset and a liability. Something which many people do not fully understand and one of the keys to acquiring wealth is to have the knowledge and take action acquire as assets over time while minimizing liabilities.
According to Kiyosaki, assets fall into the following categories: stocks, bonds, income-generating real estate notes. Royalties from intellectual properties such as movies, scripts, and patents, and anything else that has value, produces income, or appreciates, and has a ready Market three financial literacy and intelligence are invaluable.
They include knowing what to do with money after it has been earned. How to keep it for longer? And how to put this money to good use, so that it can become a worker to help you earn more money, as stated.
The book once a dollar goes into your asset column it becomes your employee. People should know that Financial IQ encompasses expertise from four key areas: accounting, investing, understanding markets, as taught by Kiyosaki. The law and number four money kept is much more important than money earned.
Kiyosaki detailed his financial Journey growing up starting off from trying to literally create money in his own driveway to having a comic book side hustle That he co-owned with his best friend through this business venture he learned how to create income without having to be physically present and was able to make money without trading his
time something that was a huge Milestone.
In this book Rich Dad Poor Dad By Robert T. Kiyosaki simplifies those finical acceptance, that would help us to get financial freedom. That helped shape his perspective for future business opportunities. Our mind is the single most powerful asset we all possess, according to Kiyosaki. His Poor Dad would say that we can’t afford to buy something he wants.
But his Rich Dad would instead challenge Kiyosaki to ask the question of how can I afford this the main idea. Here was that simply stating that you cannot afford something allows you to turn off your mind and be lazy.
You simply accept the fact. Something’s out of your reach and continue on your day however when you ask yourself how can I afford something your mind will start to think of ways to earn extra income and you will in a sense work out the part of your brain that exercises. Financial hustle to go out and make some extra income and this emphasis on mindset was demonstrated throughout this book as he stated.
You can find more help about your financial status in the book Rich Dad Poor Dad By Robert T. Kiyosaki. So, Read this book online or download this from our website.
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