This book is written by a man about his two dads who influenced him; one was his biological dad, the other was his best friend’s dad. Both were very nice gentlemen, but they had different mindsets; the difference being financial education.
The one dad was educated, a hard worker in the educational system, earning a lot of money, yet was always indebted – the Poor Dad. The other was a high school dropout, but a smart worker who became rich and wealthy – the Rich Dad.
The main difference between both Dads was their mindset – that is, on how money was looked at. Poor Dad placed emphasis on getting a good education, getting a good job, so that they could work for money and earn lots of it. Rich Dad emphasized learning about how money works, and letting money work for you.
Rich Dad focused on increasing assets and limiting liabilities. To him, simply, an asset is anything that puts money in your pocket, while a liability is anything that takes money out of your pocket. He feels that financial education is the key to wealth – learning how to explore the differences between income and expenses, as well as assets and liabilities, and therefore increasing your assets (which also increases your income), while simultaneously limiting your liabilities. To be financially educated you need to know about accounting, investing, markets, and law.
The book totes that there’s a difference between your profession and your business. Your profession could be a salesman, while your business could be to acquire income-generating real estate. To become secure, financially, a person needs to learn how to ‘mind your own business’. The rich mind the income from their asset columns by growing it, while the poor mind the income from their expense columns (physical labour). The rich buy assets, while the poor only have expenses, and the middle class have liabilities which they think are assets.
He touts the value of the corporation, in business, to the rich, since corporations cushion the rich from taxes. Whereas taxes were originally intended to punish the rich, it backfired. Now it’s the upper middle class which pays the taxes for themselves and the poor, for the most part.
The author encourages persons to take action to awaken the financial genius within themselves. This includes not taking the easy way out, choosing to become rich and carefully choosing the right friends to accomplish this, paying yourself first and your brokers well, using your assets to buy your luxuries, and giving, especially when you are in need yourself.
This is a very enlightening and valuable book.
The one dad was educated, a hard worker in the educational system, earning a lot of money, yet was always indebted – the Poor Dad. The other was a high school dropout, but a smart worker who became rich and wealthy – the Rich Dad.
The main difference between both Dads was their mindset – that is, on how money was looked at. Poor Dad placed emphasis on getting a good education, getting a good job, so that they could work for money and earn lots of it. Rich Dad emphasized learning about how money works, and letting money work for you.
Rich Dad focused on increasing assets and limiting liabilities. To him, simply, an asset is anything that puts money in your pocket, while a liability is anything that takes money out of your pocket. He feels that financial education is the key to wealth – learning how to explore the differences between income and expenses, as well as assets and liabilities, and therefore increasing your assets (which also increases your income), while simultaneously limiting your liabilities. To be financially educated you need to know about accounting, investing, markets, and law.
The book totes that there’s a difference between your profession and your business. Your profession could be a salesman, while your business could be to acquire income-generating real estate. To become secure, financially, a person needs to learn how to ‘mind your own business’. The rich mind the income from their asset columns by growing it, while the poor mind the income from their expense columns (physical labour). The rich buy assets, while the poor only have expenses, and the middle class have liabilities which they think are assets.
He touts the value of the corporation, in business, to the rich, since corporations cushion the rich from taxes. Whereas taxes were originally intended to punish the rich, it backfired. Now it’s the upper middle class which pays the taxes for themselves and the poor, for the most part.
The author encourages persons to take action to awaken the financial genius within themselves. This includes not taking the easy way out, choosing to become rich and carefully choosing the right friends to accomplish this, paying yourself first and your brokers well, using your assets to buy your luxuries, and giving, especially when you are in need yourself.
This is a very enlightening and valuable book.
Download FileRead our review and download Rich Dad Poor Dad PDF at the end. Rich Dad Poor Dad Review: If you are looking for one of the best self help books and you are not having any of the good books, then you are in the right place. Kiyosaki listened to both, then decided to follow the advice of his rich dad, a street-smart entrepreneur. Kiyosaki, by following that advice, says he found substantial wealth that he continues to build. Through Rich Dad, Poor Dad, originally published in 2001, he tells his story and offers the lessons to all of us. Read Rich Dad Poor Dad by Robert T. Kiyosaki for free with a 30 day free trial. Read unlimited. books and audiobooks on the web, iPad, iPhone and Android. Anyone stuck in the rat-race of living paycheck to paycheck, enslaved by the house mortgage and bills, will appreciate this breath of fresh air.
Rich Dad Poor Dad Free Online Copy
Rich Dad’s Cashflow Game is Now Free! After playing Cashflow 101 and 102 for a few years now, I was pleasantly surprised to find out that you can actually play for free, online. Just go to the Rich Dad site and click on Cashflow. Free download or read online Rich Dad, Poor Dad pdf (ePUB) book. The first edition of this novel was published in January 1st 1997, and was written by Robert T. The book was published in multiple languages including English language, consists of 195 pages and is available in Paperback format. Rich dad Poor Dad Audio Book - Part 2 Rich Dad Poor Dad is a 1997 book written by Robert Kiyosaki and Sharon Lechter. It advocates the importance of financial literacy (financial education.