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10 Lessons From The Famous Book Rich Dad, Poor Dad

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Here Are 10 Important Lessons You Will Learn From The Famous Book Rich Dad, Poor Dad


In the book Rich Dad, Poor Dad, Robert Kiyosaki shares 10 important lessons he learned from his rich dad, and poor dad. Which have helped him become successful in life, career, and business over the years

The book Rich Dad, Poor dad is one book I will read and read over and over again, I have read it between the lines, come across the facts, that most rich people don’t work for money. They work to learn and acquire new skills that will make them more valuable and allow them to make more money. while the poor and middle-class focus more on working and saving money, which is opposite to the rich, who focus more on making money by investing more money in an asset


That the rich believe money is a tool and not a goal, that the rich use leverage to grow their money. That the rich have assets that produce more income than they consume.

Then you learn more about assets and liability, and why you should put your money on assets. not on liability. That the poor and middle class are poor and in the middle class just because they believe the only way to make more money is by working harder and longer, they don't believe in working smarter. so they never give working smarter a try


That the rich have a specific plan for their money and continuously review that plan, making sure the plan is ongoing, consistent, and effective. That the rich focus on the big picture, while the poor and middle-class focus on the small picture from their, day-to-day problems and issues.

That the rich are generous, they work smarter, focus more of their time and money on hiring other people to work for them, leveraging the time, skills, and knowledge of others, and a lot more


So Here Is The Ten Take Away Lessons From The Famous Book, Rich Dad, Poor Dad


1. Manage Your Money: The book teaches you how to manage your money, you're earning the right way, as the problem with people is not making money

Many people can make money, but not everyone learns how to manage it properly, so how to manage money is a problem for lots of people and this is part of what the book ''Rich Dad, Poor Dad addressed''

The book takes you on Financial intelligence, which simply starts with you learning the difference between assets and liabilities, how to invest more in assets and reduce your liabilities


Furthermore, it ensures that you have more money coming in than money going out, which is simple what makes you richer when you put your money into assets and reduce the liabilities


2. Learn To Pay Yourself First: In everything let yourself comes first, as the book reveals. Most people earn and spend their salary paying bills on bills. Most people before their salary comes, have already spent it all on bills, of which 80% of these bills, paying others and possible taking care of other needs

According to the book, The Rich man, poor man. A rich person should always pay him or herself. first by doing the following

Invest In Learning
  • - Courses
  • - Books
  • - Experiences

Invest In Health
  • Being Eating Right
  • By Going For Medica checks
  • By Keeping Your Mental health healthy


3. Saving And Investing Are Total Different: According to the book, saving and investing are total different. While we can say, saving is considered a must and a good habit for all. You need to invest your money instead where it grows at a higher rate than inflation.

Saving your money possible in a bank weakens the purchasing power while investing your money in the asset will increase the value of your money. We are not saying you should not save money, but know the difference between both and move your saved money into investing money by looking for an asset to invest on


4. Learn Taxes: Another important highlight in the book, Rich Dad, Poor Dad is that you should learn taxes, most importantly if you are rich and lack financial literacy, you will end up paying a lot of taxes. so learn taxes when you are highly in tax paying country

The rich have investments often in learning, so they have to pay fewer taxes, they know how to play along these areas. You need to have financial IQ in different areas like accounting, investing, market forces, and the law, also following the economic news in your state or country will also help you when it comes to learning about taxes


5. Do Not Rely On A Single Source Of Income: One simple way to beat poverty is to have multiple streams of income, by all means necessary, the book Rich dad, poor dad recommends that you have more than one business

Most people rely on a single source of income, You can never become rich and financially secure if you are one of those. You should have 2, 3, and more streams of income coming from a different business model where you earn money daily.

Always have multiple streams of income should one income model get heat, you will be in a better position even if you face some financial crisis if you have multiple income streams is heat

10 Lessons From The Famous Book Rich Dad, Poor Dad.jpg


6. You Become Smarter By Taking Risks: Everything about life is all about risk, so avoiding risk is risky while taking a risk will help you to become smarter

The book Rich dad, poor dad guide you on how to take a calculated risk that will yeard good results. Take risks unless you take a risk, you cannot grow, grow as in grow big requires risk-taking. You should take a risk because some opportunities in life have the potential to change the course of your life.


7. Everyone Needs To Be Financially Literate: Read more about financial literacy, is important if you want to be rich, by wealthy. You are the product of what you read, if you want to be reached, read books on finance, investment, etc

Financial Intelligence solves financial problems and produces more lasting money, helps you to have financial freedom, freedom from wants and needs. Money without financial intelligence is money soon gone, or let's say, money misses the road

The sad part about the education system around the world is that it teaches you how to work for money, this is simply what the educational system was designed to. The system never teaches you how to make money, manage money, and keep building money system, but simply, the educational system teaches you how to pass exams, makes good grade, write a CV, apply for a job, get job work and earn a salary


This is why is important that you get the book ''Rich dad, poor dad'' from any book shop around you, you can also buy a copy online and dedicate time to read and reread it. As the book will help you to learn how to create wealth and make a plan to achieve financial freedom by going for financial literacy


8. Mindset Is Everything: What goes in your mind matters to how rich or poor you are. While poor dad always used to say” we can’t afford this “whereas rich dad teaches him to replace it with “how you can afford it?”. how you can achieve this or that is far better than when you are busy telling yourself you can't

In this way, replace your negative attitude with a positive and you will find ways to achieve that target, yes there are impossible things, but there are also people like you and me who have broken records of impossibility, be among such people by working on your mindset

Be mentally strong and guide your mental health, if you want to be rich, remain wealthy. Your attitude and mindset matter the most. The first and foremost thing to do anything is you must believe in yourself, believe in yourself and take action in putting your belief system to work


9. Surround Yourself With Smart People, Possible With People Who Are Smarter Than You: Just as the adage says, lean on me when you are not too strong for it will not be too long am going to lean on you

We all should check the type of people we bring into our life. There is a very popular saying ‘If you are the smartest person in the room, then you are in the wrong room.’ If you want to be smart, surround yourself with people that are smarter than you.


10. Control Emotions: Avoid being too emotional and also avoid allowing your emotions to control you. That the situation only gets worse for you when you are not able to control your emotions or things going on in your life, your family, your environment, or the world at larger

The statement holds good for both personal and professional life situations. You should learn to control your emotional balance and be focused on accomplishing your financial goals.

If you have read the book the ''Rich Dad, Poor Dad'', It will interest you to also read ''The Richest Man in Babylon'', another classic book that shows you how to build wealth, become wealthy, and remain wealthy being purposeful for your life

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