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 Robert Kiyosaki's book "Rich Dad and Poor Dad" was first published in 1997 and soon became a must-read for those interested in investment, money, and the global economy. This book has been translated into dozens of languages ​​and sold all over the world, becoming the number one. Personal finance books ever. The theme of "Rich Dad and Poor Dad" is how to use money as a tool to create wealth. Break the myth that the rich are born abundance and explain why your personal home may be worthless. Describe the actual difference between assets and liabilities, etc.



Lessons Learned From RICH DAD POOR DAD

  • The six lessons that Robert Kiyosaki learned from his rich dad about making money and making mistakes Poor dad created 
  • five obstacles to overcome before you become rich and stay rich. 
  • Ten steps to develop your financial genius 
  • you can immediately All practical steps

Summary of RICH DAD POOR DAD

In this book, Robert Kiyosaki talks about his two fathers; one is his biological father and the other is the father of his friend Mike. Robert's father has a doctorate degree and has been working for 95 years. In Robert's eyes, his father is the epitome of the poor; a person who depends on his source of income all his life. Instead, your friend's father dropped out of college. However, he is always open to opportunities, has multiple sources of income, and has money to work for him. This personality reflects a rich man for Robert. However, this does not mean that Kiyosaki does not approve of higher education and recommends giving up. His only idea is that formal education only teaches us how to make money, not how to manage and develop. Rich Dad Poor Dad is based on the financial wisdom that Robert got from his rich dad and poor dad.

Chapter 

  • Introduction: Rich Dad Poor Dad
  • Chapter 1: The Rich Don’t Work for Money
  • Chapter 2: Why Teach Financial Literacy?
  • Chapter 3: Mind Your Own Business
  • Chapter 4: The History of Taxes and the Power of Corporations
  • Chapter 5: The Rich Invent Money
  • Chapter 6: Work to Learn – Don’t Work for Money

Introduction : RICH DAD POOR DAD


Robert Kiyosaki, the author of "Rich Dad and Poor Dad", has two far-reaching fathers in his life: the poor dad is Kiyosaki's biological father, a very smart, educated person and high salary job. Despite these seemingly positive qualities, this poor father is not financially good. This wealthy father is the father of Kiyosaki's best friend. His work ethic is similar to Kiyosaki's biological father, but there are some twists and turns. 

In financial education, understand how money works and how to make money work for you. Despite dropping out of eighth grade, rich dad eventually became a millionaire by investing in him. From Kiyosaki's perspective, the first six chapters of rich dad and poor dad account for about two-thirds of the book, covering the six lessons Kiyosaki learned from his rich Dad


The Rich Don't Work for Money


Kiyosaki said, "The rich don't work for money." Please note that the emphasis on the word "money" is very different from the meaning used in this section. In fact, most wealthy people work very hard, but they work differently from most people. People who want to get rich are working every day, learning how to make money. Rich dad said: "The poor and middle class work for money. The rich have their own money.

Why Teach Financial Literacy 


Chapter 2 of "Rich Dad and Poor Dad" explains the difference between assets and liabilities. Chapter 2 emphasizes that it doesn't matter how much money you make, what matters is how much money you keep. As Kiyosaki wrote in Chapter 2 of "Rich Dad and Poor Dad", "Do you want to get rich? When you really understand what assets are, focus on buying income-generating assets. Keep your promises and reduce costs. You increase your wealth " Pillars "

Mind your Own Business


Kiyosaki pointed out in Chapter 3 "Rich Dad and Poor Dad" that most people confuse work with business. In other words, they spend their entire lives working for other people's businesses and making others rich.

The History of Taxes and Power of Corporation

This chapter focuses on how the rich use companies to protect and increase their wealth, while the poor and the middle class are manipulated. This is an investment game. The rich understand the structure of the company and use all legal means to minimize their business: the owner makes money first, then spends the money, then pays taxes, while the poor and middle class win first, pay taxes and then spend the money. In this chapter, Kiyosaki encourages readers to achieve financial IQ by learning investment, strategy, accounting, and law.

Business Owner with Corporate Structure:
  • Earn
  • Spend
  • Pay Taxes
Employees Who Works for Corporate:
  • Earn
  • Pay Taxes
  • Spend
Notice that employees who work for corporate or somebody who pay post tax, while Business Owner earned and spend before filing paying tax.

The Rich Invent Money

Kiyosaki believes that everyone is born with a talent that is sometimes suppressed by fear and doubt. He pointed out that smart people are not always successful in life, but they are also brave and fearless. To make financial progress, you need to seize opportunities. And take the risk. You shouldn't wait for an opportunity to contact her.

Work to Learn – Don’t Work for Money

In this chapter, Kiyosaki explains that one needs certain skills to achieve financial freedom. He gave the example of a woman with a master's degree in English literature, but when Kiyosaki herself invited her to learn how to sell and sell, she understood. The author emphasizes that if someone wants to, they need to learn how to manage people, systems, and cash flow. Get rich. Therefore, sales, marketing and communication are very important to your financial success.









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