i first heard about this book rich dad poor dad when i was 21 year a Gentleman that become my personal mentor told me about this book and explain that this book will change my mindset on how i look at life at that time and he was right , when i started reading rich dad poor dad it became the book i would re read each year the book talk about many things that i could relate too and i know for many too it’s a book i Recommend that everyone read and take a few teaching from the book and start applying it to your life cause i did that and my life change for the better. when you look at the book the name alone is so great that you want to read the book but what got me is the sentence under the book name after you read rich dad poor dad right under that you see this ( what the rich teach their kids about money that the poor and middle class DO NOT ) now that is a sentence that will make you open the book and want to find out the good thing is that robert did tell you what the rich teach it’s not bS .
who is the Writer for this book?
robert t. kiyosaki with sharon l. lechter c.p.a
how many chapter is in rich dad poor dad ?
there is 10 (ten) chapter in this book , chapter one 1 to seven 7 teach the lessons that robert was thought and from chapter 8 eight to 10 ten is robert teaching you what you can do to Improve your life and family lives if you choose to do so i hope you do.
i will give you from each chapter a store or a lesson i have took away from rich dad poor dad
chapter 1
the story of robert rich and his poor dad im not going to tell you the story you will read that which will benefit you.
poor dad : the love of money is the root of all evil .
rich dad : the lack of money is the root of all evil .
one of the reason the rich get richer , the poor get poorer , and the middle class struggles in debt is Because the subject of money is taught at home , not at school.
poor dad : study hard so you can find a good company to work for .
rich dad : study hard so you can find a good company to buy.
the 6 lesson
#1 the rich don’t work for money
#2 why teach financial literacy
#3 mind your own business
#4 the history of taxes and the power of corporations
#5 the rich invent money
#6 work to learn DON”T work for money .
chapter 2
lesson #1 the rich don’t work for money.
mike & robert partnership
mike is rich dad son and robert is mike bestfriend but robert calls mike dad rich dad and robert dad poor dad.
poor dad motivate the boys , you are only poor if you give up , the most import thing is that you did something . most people only talk and dream of getting rich , you have done something . keep going Don’t quit.
mike & robert ask for mentorship from mike dad rich dad who agreed to teach them all about life and money but he wouldn’t do it school style teaching by lecturing he would teach them real life .
mike and robert agreed to work for 10 cent an hour which was low but there’s a lesson that rich dad wanted to teach them not a punishment after a few weeks the robert got fed up working for 10 cents an hour and wanted to demand a raise or he would quit the job so he meet with rich dad a lesson from rich dad , most People have a price because of human emotion call fear and greed , the fear of being without money motivates us to work hard. after we get the Paycheck greed step in what the Wonderful Things money can buy . learn to master the power of money , not to be Afraid of it. robert and mike learn that a job is only a short term solution to a long term problem , most people only have one problem in mind and It’s the short term , to pay the bill at the end of the Month. (that chapter have a lot to learn you most read it)
Chapter 3
lesson # 2 why teach financial literacy ?
most people think if they get money it will solve Their problems their in for a Surprise , Intelligence solve problem and produce money , money Without financial intelligence is money soon gone . it’s not How much money you make It’s how much you keep , if one person make 100k per year and spend 100k he has Nothing to Keep vs a guy that make 50k and keeps 20k still is richer than the guy that make 100k Per year income and spend all 100k.
asset vs liability . rich people acquire assets , the poor and middle class acquire liabilities but they think they are assets. ( read full chapter to see and understand the the financial report card )
chapter 4
lesson # 4 mind your own business .
financial struggle is often directly result of people working all their life for Someone else . many people will have nothing at the end of their working days. as you work your job right now find a way that you can start building a Business of your own to acquire asset that will pay you .
chapter 5
lesson # 4 the history of taxes and the power of Corporations
corporations and taxes goes hand in hand when the Government first came up with the idea to tax the rich and give to the poor (robin hood mentality) but you can’t smart the rich , they create corporations in order to Shield Themselves from paying taxes . if many hard working people only understand the way the rich play the game of corporation and tax they would end up playing it too. it just that they are Uniforms . the harder you work the more you would pay in taxes.
chapter 6
lesson # 5 the rich invent money.
land was wealth 300 years ago, so the person who owned the land , owned the wealth . then it was factories and production . the Industrialist owned the wealth today it is the Informational age , the person with the most Information or idea owns the wealth . today people create money from nothing they just use the idea and use it to make the money . no money making a lot of money .
chapter 7
lesson # 6 work to learn Don’t work for money
financial intelligence is a synergy of 4 Technical skill ; accounting , investing , marketing and law. many people try to be specialize on one topic but to be rich you need to know a little about a lot . never work a job just to earn money, every job you work learn the skills so you can use for your own business . is the daily job you are doing taking you to your future for a better and Financial free life or are you in the rat race ? the world is Filled with poor People , all too often . they are poor or struggle financially or earn less than they are capable of , not because of what they know but because of what they do not know.
chapter 8
Overcoming Obstacles.
the five reason that keep most people from becoming financially free are : fear , cynicism , laziness , bad habits and arrogance .
fear : overcoming the fear of losing money. no one like to lose money rich or poor people but the primary Difference between a rich person and a poor person is how they handle that fear.
Cynicism : overcoming cynicism , doubt is one thing that keep many people from doing great thing in life and for Their Family they always Thinking about the ” what if ” i do this and something bad happens. also some people take advice from the wrong people if some is telling you that you should not go into business ask them what they know about business had they own a business before or current so Be careful where you are getting your Information from because you could end up losing on the greatest deal that will set you up for financial freedom.
laziness : many people claim that they are too busy but most of the time their too busy doing nothing that will benefit them in the long run. overcoming laziness with using your brain and not to shut in down ask ‘how can you do this ?’ ‘not i can do this ‘ one makes you think one shut your brain off .
habits : people are who they are by the habits they have builded In Their life . overcoming money habits , pay yourself first then pay everyone else .
arrogance : is just ego plus ignorance. when you know you are ignorant in a subject , start educating yourself by finding an expert in the field or a book on the subject .
chapter 9
getting started
we all have a financial genius in us we just have to wake it up because money in not Taught in school that’s why our financial genius is asleep . how is it someone would have a great profession but still be broke at each month ? that Because their Financial genius need to wake up. ( there is 10 great steps to follow to awaken your financial genius read and you will be bless)
chapter 10
some to do’s
stop doing what You’re doing ?
look for new ideas .
take action ,
find someone that have done what you want to do.
educate yourself invest in you .
and many more great information there is a bonus at the end you will really like that . for me rich dad poor dad was the book that kick start my financial genius and i have not arrive and will never because I’m always learning more skills and Educating myself.
get your copy today and i Recommend to get and extra to give to someone . robert don’t pay me for this but i know what this book did for me and would like many people to have the Opportunity to have a greater life themselve . EVEN IF YOU TAKE ACTION ON ONE OR TWO TEACHING YOUR LIFE WILL CHANGE FOR THE BETTER . do leave a comment or question and i will get back to you , and do share this blog with a friend or family have a bless day.
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