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Rich Dad Poor Dad by Robert Kiyosaki: Vacation Reading


Rich Dad Poor Dad by Robert Kiyosaki is about how to tame money and make it work for you no matter your age. We open the week of New Year’s holiday readings with this book. We promise to tell every day about a new informative book. Give yourself a gift – take care of yourself. Start the year with self-development, spend the holidays with benefit.

There are money rules in the world that the rich people follow, and there are rules that the other 95% of people follow. And these 95% of people learn their rules at home and at school. That is why today you can’t just tell a child to study more and look for a job. Children today must receive an education that the modern educational system is not able to provide. School can’t teach you how to get rich just can’t do it. A poor dad will never teach his child what a rich dad will teach. In order to correct the situation, Robert Kiyosaki and Sharon Lecter wrote their own unique book that can turn the mindset – to make people become financially literate.

about the author

Robert Kiyosaki is a Japanese-American entrepreneur, internationally renowned investor, lecturer, and writer. He has over two dozen books to his credit, selling over 26 million copies in total. Rich Dad Poor Dad book. What Rich Parents Teach Children What Poor Parents Don’t Teach is his most famous work.

In addition, Robert Kiyosaki has developed unique board games: CASHFLOW 101, which teaches financial literacy, and CASHFLOW 202, designed for those who have mastered the first part. Today, these games can also be found specifically for PC.

Currently, the entrepreneur is active in real estate and the development of small companies. However, his true passion is teaching people, which is why he conducts numerous trainings, seminars and master classes in different countries of the world.

Summary of Rich Dad Poor Dad

Despite the fact that Robert Kiyosaki is a successful and prosperous person, he was born into a poor family, but he had two dads at once. The first was his own father, who was an educated and respected man who worked all his life and achieved great success in the service, but failed to achieve financial independence. And the second was the father of Kiyosaki’s best friend – the owner of his own empire, a financially educated, savvy and very wise person. The reason for the financial failure and prosperity of these two people was the way they thought.

If you want to be rich, don’t work for money

The first lesson for Robert was that poor or middle class people do this: if they don’t get enough of their wages, they start asking for a raise or quit to find a better paying job. Others remain to work where they worked, fearing to lose what they have.

It is greed and fear that drive millions of people into the trap called the "rat race" – endless work for money. But the secret is that you need to have the mindset of a rich person, otherwise money will always be in short supply, no matter what job a person works. Rich people do not work for money – their potential is free from greed and fear, and this is much more important than a high salary, because. it allows them to find other ways to make money.

Robert Kiyosaki’s book "Rich Dad Poor Dad"

Why financial education is important

Financial literacy should be instilled from an early age so that a person comes to understand the proper use of money. To increase your financial intelligence quotient, you can resort to the following methods:

  • Study accounting to understand the intricacies of any business
  • Learn to invest by developing your creative business potential
  • Study the market to understand supply and demand
  • Study the law so that you always act according to it

Increasing financial intelligence contributes to getting rid of fears and increasing financial literacy, which, in turn, allows a person to take control of the situation and benefit from even the most difficult economic conditions. In addition, financial intelligence is the basis for actions in the future, and helps to understand the risks.

Robert Kiyosaki’s book "Rich Dad Poor Dad"

Tip – study the movement of financial flows and acquire assets

The basic rule of prosperity is this: if you want to become rich, you must acquire assets – things that make you money. Most people cannot get rich because confuse assets with liabilities. An asset can be a business that operates independently of you, royalties for intellectual property, real estate, securities, etc.

It is interesting that with the increase in income, the expenses of poor people increase, and all these expenses go to liabilities – clothes, cars, furniture, and so on. Rich people always strive to reduce expenses and liabilities, and their source of income is the assets with which they provide themselves first of all, and not wages – this is the basis of their financial independence.

Robert Kiyosaki’s book "Rich Dad Poor Dad"

Tip – Start working for yourself

Middle class people always almost always work for the employer, banks or the state. If you want to get out of the rat race, you need to start working for yourself.

At the very beginning of working for yourself, you need to choose the area (or areas) that are really interesting to you. You also need to learn to separate your profession and your business if you have not yet decided to leave your job. Do everything to improve your financial literacy and learn how to optimize tax payments.

Robert Kiyosaki’s book "Rich Dad Poor Dad"

Who pays taxes and how

Rich people are smart people who have power and know how to get out of any situation with minimal losses. They pay less and less taxes, and the poor and middle class, for whom the tax system was actually introduced, pay more and more taxes.

You simply have to use your financial intelligence and, being within the law, reduce tax payments, i.e. start doing what rich people do. If you do not have enough knowledge, you should resort to the help of specialists – tax consultants and lawyers.

Robert Kiyosaki’s book "Rich Dad Poor Dad"

Experience is more important than stability

One of rich dad’s advice is that a person should change jobs as often as possible, expand their horizons and specialize. Even a creative person, for example, a writer or artist, must master related professions and gain skills that will allow him to successfully advertise and sell his work.

In addition to your main profession, which you are interested in and to which you are ready to devote your life, you must master the skills of managing all kinds of processes and systems that take place in your life. You must also master the skill of managing cash flows, people, yourself and your time.

We have considered only the very minimum of usefulness that Robert Kiyosaki’s book "Rich Dad Poor Dad" can give. And we strongly encourage you to read this book from cover to cover. There is no doubt that if you apply the principles outlined in this work in practice, you will become much more financially savvy and will be able to break out of the "rat race".

Post source: kakzarabotat.net

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