Here’s a quick overview of the essential features of this book:
• Debunks the myth that you need to earn a high income to get rich • Challenges the belief that your home is an asset • Shows tells parents why you can’t depend on the school system to teach your kids about money • Defines an asset and a liability once and for all • Teaches you what to teach your kids about money for their future financial success.
Financial Statements
Most people understand the difference between income and expenses, but they don’t understand the difference between assets and liabilities.
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Lesson #
The first lesson What you learn from Rich Dad Poor Dad is why financial education is important. Every person in your life has to deal with financial things. Even when we are children we need to manage our pocket money. When we grow up, more burden comes on us. First of all, if we get jobs then face the grind according to monthly income. Then you get married, have children, and your expenses increase over time. Managing all this according to your salary is a real skill. Not all of us are millionaires and that is why this is very important. This book places a lot of emphasis on the skills involved in financial management. You will learn many techniques that will improve your management skills at this level. This was one of the many great lessons you learned from these amazing books.
Rich Dad Poor Dad gives you an idea that rich people don’t work for money. Most people would say how is that possible and that it doesn’t make sense. All the work that rich people do is to earn money and increase it every day. But this is not exactly what I mean when I say that they do not work for money. This phrase actually means that rich people work very hard and not just for money. Working makes them money, but there are other things they learn. And those who want to learn different things while working are the ones with true hearts. They learn different life lessons and how to deal with life. How to take care of the people around you and your relationships. Working for life is not just about money, but also about learning about life. This is a very important lesson from the book.
Rich Dad Poor Dad PDF | Story of rich dad poor dad PDF | Rich Dad Poor Dad PDF Summary
This book is a great read for anyone interested in finances and what it takes to be a rich person. In Rich Dad Poor Dad, Robert Kiyosaki summarizes the lessons learned from two different perspectives, that of a poor man and that of a rich man. Drawing on his own experiences, Kiyosaki discusses how to create financial independence through investing, owning, and starting businesses.
Look around you; the richest people did not become rich by their education. Look at Michael Jordan and Madonna. Even Bill Gates, who dropped out of Harvard, founded Microsoft; he is now the richest man in America and he is still 30 years old.
