The author mentions management skills. Think long-term and ask yourself: Twenty-five years later, a report stated that a large majority of those extremely wealthy people that met in Chicago either ended up in jail, dead or penniless.
The author cautions however about keeping up with the Joneses and getting into debt because of this human frailty. The author felt that his poor dad was more interested in these factors rather than on the job itself.
The author uses this example to emphasize that there are other skills people need to cultivate to help them on the road towards financial freedom.
By feeding the mind, the author contends that people acquire power of choice. People never get ahead financially even if they have plenty of money because they have opportunities that they fail to tap, he stresses.
Overcoming Obstacles The opinion of the author is that five personality traits hamper human beings: Generating a string of expenses is wrong, building assets is right. He held a doctorate degree, went to Ivy League universities, but was always struggling financially.
Too many people are much more interested in the quick-hitting scheme, or trying to find a short-cut to real wealth. The Rich Invent Money The author develops the concept of self-doubt. According to the author, rich dad also nurtured the idea that taxes punished producers and rewarded the non-producers.
An asset is something that puts money in your pocket, a liability is something that takes money out of your pocket.
If nothing else than as a change. He cites the example of his wife purchasing a Mercedes Benz because it was the car she liked and worked hard to be able to purchase it.
Building wealth is like planting a tree. It contains many factual errors and numerous extremely unlikely accounts of events that supposedly occurred. If you are like most, retiring early sounds great; more time to do what really interests you. Robert Kiyosaki and Donald J.
He says to avoid people who proclaim incessantly that the sky is falling and instead encourages readers to spend time with people who enjoy talking about money because they may have valuable lessons to share.
If you stopped working today, how long could you survive? This specific lesson is meant to teach people not to be wise with your money once you have it, but rather be smart with your money before you have it.This is a good summary of the book.
It isn’t mine, but its pretty darn good, so I thought I’d share. If this is your summary, let me know so I can credit you.
Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money–That the Poor and Middle Class Do Not!By Robert T. [ ]. This is intended to be a rich dad poor dad summary.
Rich Dad Poor Dad has been a very influential book in my life. Rich Dad Poor Dad has been a very influential book in my life. The principles are fundamental to financial success and I believe that everyone should become familiar with them.
Rich Dad Poor Dad Book Review Rich Dad Poor Dad, I had heard a lot about this book in the past few years and having read absolutely no business or financial books in years (7 to be precise), I decided to pick it up and read it.
Rich Dad Poor Dad, the #1 Personal Finance book of all time, tells the story of Robert Kiyosaki and his two dads—his real father and the father of his best friend, his rich dad—and the ways in which both men shaped his thoughts about money and lietuvosstumbrai.coms: 1.
Oct 21, · Robert Kiyosaki, the author of this book, who is also a very famous American businessman and real estate investor, told us how growing up with a rich dad and a poor dad helps him see the difference between the rich and the poor, as well as what the rich has been doing which differentiates them from the rest.
The #1 Personal Finance book of all time translated into dozens of languages and sold around the world. Rich Dad Poor Dad is Robert's story of growing up with two dads — his real father and the father of his best friend, his rich dad — and the ways in which both men shaped his thoughts about money and investing.
The book explodes the myth that you need to earn a high income to be rich.Download