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Apr 7 14 tweets 5 min read
8 Critical Lessons from Rich Dad Poor Dad by Robert Kiyosaki (🧵)
1. Making money work for you: Money utilization is a crucial factor separating the middle-class from the rich. The rich get richer by laboring all their money👇

If you work for #money, you will run short of time making money. Investing in Assets is the way to create #wealth 👇
2. Be braver: Our schools instill a sense of "work for money" in us. It does not always pay off.

Schools are built on the premise of building a workforce for #companies and institutions 👇
Take better control of your life by pushing yourself above this rat race. If you seek to take control, be braver👇
3. Financial Literacy, The Magic Wand: Wealth is never about how much you can earn, but how much you can preserve, and #invest

There is a difference between making money and keeping money. Financial Literacy will make you realize just how useless most of your expenses are👇
4. Mind your own business: Sounds daunting, right? The very thought of minding one's own business can be intimidating. However, with little steps, you can make it big👇

Owning a Business does not always mean just business. You can even own #Stocks, #RealEstate, Bonds 👇
5. Know the difference between assets and liabilities: We are all aware of both bookish definitions. However, do we stop and think if an #investment we make is an asset or a liability? 👇

The rich add assets to their portfolio. That's their secret. 👇
The poor, on the other hand, add liabilities unknowingly👇
6. Your mind is your best asset: You know what makes you, YOU? Your thought process. Use that to take some risks. Intelligent minds don't always rule the world. Brave minds do, too👇

When it comes to #Finance, the poor and middle-class play it safe👇
The rich put their Financial IQ to use and generate assets that do the job for them👇
7. Stop relying exclusively on Financial Advisors: Kiyosaki once said, "Learn how to invest because nobody will do it better than you" 👇

While it is always helpful to take the help of an expert, it is also imperative that you take better control over your Finances👇
8. Choose several workstreams: The worst mistake we can make is to bank on a single source of #income.

Learn to choose more streams from which you can generate money and develop #assets👇
Here's the entire Book Summed up for you⤵️

sedg.in/sjt56r43
Take better control of your Finances with Live Classes in Financial Planning and Wealth Management⤵️

sedg.in/21e8qa95

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