It does not take money to make money
An asset is something that puts money in my pocket. A liability is something that takes money out of my pocket
Rich Dad Poor Dad is The #1 personal finance book sold million copies and translated into many languages around the globe.
Growing up with two dads, one real father and the other of his best friend's father- rich dad, is the story of Robert. Both rich and poor dad have different ideas about money and investment. The book shakes the myth that in order to be rich you must earn a high income. It also explains the difference between having your money work for you and working for money.
Robert diverted the attention to the school system through his poor dad, although he was highly educated but hardly fulfilled his daily needs compared to rich dad though he was not that much educated. Because the school only taught him how to work for money but never how having your money worked for you. Therefore highly educated people face difficulties to pay their bills and throughout their lives chase paychecks.
Never say you can't afford something. That is a poor man's attitude. Ask how to afford it
Robert Kiyosaki draws a sad conclusion but fortunately also offers a way out. A path to get ahead. A way different from having a job because it is a short solution to problems in the long run. Majority of us think that job promotion is the only solution, but it fails and you will not have enough if you do not know about how money works. It will further increase your debt. So what is the path to financial independence?. Will there be a few surprises? Count on it.
Rich Dad Poor Dad...
Explodes the myth that you will be rich if you earn high income
Falsify the belief that your house is an asset
Alert parents about their kids that won't learn about money if they rely on school
Uniquely defines an asset and a liability
Tells what to teach your kids about money for their financial independence
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