Rich And DAd poor Feature

Rich And Dad Poor | English Novel | Free PDF

KEY
For becoming RICH
And developing investor mentality

Is it enough to go to schools or colleges to become rich?

WHY
Only few people become filthy rich Whereas many people lead a poor or middle class life

Robert had 2 fathers

  • His 1st real dad struggled throughout his life
  • Learnings from the 2nd dad
  • Become financially literate

Know the difference between assets and liabilities

Rich acquire ASSETS while middle class acquire liabilities

Every person has an income statement
An income statement comprises of – income and expenses

What is important
NOT THE amount you earn BUT THE AMOUNT YOU KEEP

Shift from a CONSUMER MENTALITY to an INVESTOR mentality

People complain about their incomes
They want their incomes to increase
But this actually results in them increasing their expenditure- thus they invest in LIABILITIES

Thus what matters is how much money you keep for yourself

As Robert T Kiyosaki’s Rich dad (dad of his friend) was academically not qualified BUT was financially Literate

 

 

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