7 Eye-Opening Lessons from 'Rich Dad Poor Dad' Every Money-Savvy Person Should Know!
This year, I focused on getting better at handling my money and making progress in my personal life. I wanted to read different kinds of books, so I read a bit of a self-improvement book each day. I regularly tried to change my thinking and improve my financial situation.
While I was reading a lot of books, there was one that I had been wanting to read for a long time — "Rich Dad Poor Dad" by Robert T. Kiyosaki. Last week, when I went to my grandpa's house, I took the chance to read his book. A week later, I finished reading this book and didn't realize that this book would change my beliefs about money and success.
Kiyosaki teaches about money differently. It's not just about numbers or stocks; it's about changing your thoughts.
The book made me think about things I never thought about before and question my beliefs.
Here are seven essential things I learned from the book "Rich Dad Poor Dad" that I want to share with you.
Let Your Money Work for You:
The rich don't work for money; they use money to make more money. Kiyosaki says, "We should stop focusing on earning a paycheck and start concentrating on building things that make money without us having to work."
Knowing how to manage your finances:
Knowing things is valuable, and learning about money is important. It's essential to know about things like money you own, debts you owe, how to invest, and tax benefits so you can make good choices about your money.
Questioning The Money Status:
Question traditional ideas about money. Kiyosaki wants us to think differently and try new ways of doing things, like investing in things that make money.
Understanding Assets and Liabilities:
Understand the difference between things you own (assets) and things you owe (liabilities). Assets help you make money, while liabilities take it away. Focus on investing in things that make money rather than those that don't.
Keep Learning, Keep Growing:
Learn how to manage money and make intelligent financial decisions. Develop the habit of taking calculated risks, using debt wisely, and investing for long-term financial security. Keep learning throughout your life by reading books, taking classes, and getting advice from a mentor.
Think Like an Entrepreneur:
Think of ideas like a business owner. Make changes, start companies, and take action to make money instead of just depending on a job.
Failure is Not the End:
Don’t be scared to fail; welcome it. See problems as opportunities to become successful. Develop the ability to keep going and not give up when facing difficulties on the path to making money.
Ultimately, " Poor Dad," thought differently. It has motivated me to ask questions, learn new things, and work hard to make money with a business mindset. You should read Kiyosaki's ideas if you are thinking about learning how to manage money smartly. The knowledge you have might help you discover new ways to make money. Enjoy reading, and good luck on your journey to becoming a better person and growing financially.
