![]() ![]() ![]() If his poor dad can’t afford some things, he said “I’ll never afford it”. He also compares the mindset between the rich and the poor. In the book, the author explains each concept with a childhood life between his rich dad and the poor dad. I believe this lesson is something that every adult should be aware of. The Chinese billionaire Jack Ma also said in your early age, work for others thus you can learn from them. One should work to get the experience and to get the network with some successful people or talented people. According to the “Rich dad poor dad”, people should work not for money but for learning purposes for their future. In life, most people work just to earn money instead of their future. So we must fulfill our financial knowledge needs by ourselves. Furthermore, people consider that it is rude to ask about others’ people salaries or financial income. None of the teachers or the professors told us about finance, how to invest and how to make a financially free life. The author explains well how financial education was lacking throughout our formal school system. Without proper training or lack of education or knowledge, that can be a lot of risks and that is also one of the reasons that people are lack money.Īnother interesting concept from the book “Rich dad poor dad” is that it is important why people should focus on Financial education. Our minds also need to train and practice. Like swimmers or basketball players, they need to train and practice well to their niche and their sports as hard as they can to win a competition. Our mind is the only asset that can generate money the most. In the book “Rich dad poor dad” one of the most powerful assets is not a stock, not crypto, but it is our mind. Lesson 02 – Our Mind is the most powerful assets He not only won’t lose his money from buying these two but also will gain more money from time to time. Like the author Robert Kiyosaki said the second man bought some things to puts money in his pocket, not the money that takes out of his pocket. So the second man can gain money from the things he bought. However, from time to time, the price of crypto can be bullish and so do the stocks. ![]() Furthermore, the value of these two devices are going down since the day one that he bought.Īt the same time, another man bought some crypto and the stocks at the same price that the first man used. They will not generate money in the future. If a man bought a brand new car for his personal use and an iPhone from his salary, both iPhone and car become liabilities. I need to explain with examples to understand well the definition of these two. A Liabilities is something that takes money out of my pocket.” Robert Kiyosaki | Rich dad poor dad “An asset is something that puts money in my pocket. One of the wells said quotes from this book about assets and liabilities is that – Furthermore, he also explained how rich people are getting rich from the assets meanwhile why the poor and the middle-class people are getting poor from liabilities. In the book, the author Robert Kiyosaki well explains the definition of assets and liabilities. This is one of the best lessons I have learned from the book “Rich dad poor dad”. Lesson 02 – Our Mind is the most powerful assets.So now, I am going to reveal the most valuable lesson from my favorite book “Rich dad poor dad”. However, from my point of view, the book actually includes some dangerous financial advice, if one doesn’t know how to use it well, but I think it is one of the best and my favorite financial educational books of all time. They said most of the concepts in the book include misleading or wrong financial advice and are full of non-sense things. It was so popular not only among ordinary people but also most of the celebrities like Oprah Winfrey, Will Smith, and the Shark tank millionaires, Daymond John.Įven though the book sat on New York Times best-selling list for over six years, some of the book critics won’t like it. It had also been on New York Times bestselling list for over six years. Since then it has sold over 32 million copies and translated over 51 languages. In 1997, the company “Warner Business Books” published the book. “Rich dad poor dad” is one of the best financial education books written by the author Robert Kiyosaki and Sharon Lechter. ![]()
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