Rich Dad Poor Dad
A book written by Robert Kiyosaki teaches the importance of financial literacy. In addition, the
author taught several ways how to use money as a tool for wealth development & improve
personal finance. (2/11)
A book written by Robert Kiyosaki teaches the importance of financial literacy. In addition, the
author taught several ways how to use money as a tool for wealth development & improve
personal finance. (2/11)
The rich don't work for money
"The poor & the middle-class work for money, the rich have money work for them"- the author
explained that the rich do not work for money. Instead, they work for their business to generate
money. (3/11)
"The poor & the middle-class work for money, the rich have money work for them"- the author
explained that the rich do not work for money. Instead, they work for their business to generate
money. (3/11)
But the poor & middle class have jobs. They work daily to earn a salary; hence they are
working for money. (4/11)
working for money. (4/11)
Mind your own business
The poor & middle class primarily work for the company's owners, whereas the rich own the
company. So they always work for someone else and make them rich. Instead, they should mind
their own business, i.e., (start their own business) (5/11)
The poor & middle class primarily work for the company's owners, whereas the rich own the
company. So they always work for someone else and make them rich. Instead, they should mind
their own business, i.e., (start their own business) (5/11)
Rich has the power of corporations
The author explained that the poor & middle-class earn salaries from jobs, pay taxes to the
government & spend whatever is left. (6/11)
The author explained that the poor & middle-class earn salaries from jobs, pay taxes to the
government & spend whatever is left. (6/11)
But the rich, who are the owners of corporations, earn
from the business, spend as per their wish & then pay taxes to the government—this is how
"the rich get richer & poor get poorer." (7/11)
from the business, spend as per their wish & then pay taxes to the government—this is how
"the rich get richer & poor get poorer." (7/11)
The rich invest money
"Most people never win because they are more afraid of losing"- the author explained that rich
people are bold & adventurous. Hence, they invest money in business, companies & financial
assets. They take the risk to grow their money. (8/11)
"Most people never win because they are more afraid of losing"- the author explained that rich
people are bold & adventurous. Hence, they invest money in business, companies & financial
assets. They take the risk to grow their money. (8/11)
But the poor & middle-class never take risks.
They hope opportunities will come to them, whereas the rich find investment opportunities. (9/11)
They hope opportunities will come to them, whereas the rich find investment opportunities. (9/11)
The rich focus on assets, the poor & middle-class focus on liabilities
The author explained the rich always focus on building assets like buying companies, real estate,
etc., from which they are earning income. (10/11)
The author explained the rich always focus on building assets like buying companies, real estate,
etc., from which they are earning income. (10/11)
But the poor buy liabilities which they think are
assets like houses, cars, for which they are paying EMIs.(11/11)
assets like houses, cars, for which they are paying EMIs.(11/11)
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