What are the main points of Rich Dad, Poor Dad?
Table of Contents
What are the main points of Rich Dad, Poor Dad?
The Five Big Ideas It’s not how much money you make that matters. It’s how much money you keep. Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.
How many lessons are in Rich Dad, Poor Dad?
When I read “Rich Dad, Poor Dad” in my 20s, I took away four lessons on building wealth that I’ve carried with me through my life and career. I learned that most people work for money, but the rich make money work for them; and that it’s not how much money you make — it’s how much you keep.
How can I make money work for me?
8 Efficient, GUARANTEED Ways To Make Your Money Work For You
- Talk To Someone With A Successful Financial History.
- Develop A Budget.
- Open A High-Yield Savings Account.
- Pay Down Debt.
- Invest In A 401k or IRA.
- Invest In The Stock Market.
- Use Rewards Credit Cards To Your Advantage.
- Consider Alternative Passive Income Streams.
What is Rich Dad Poor Dad Lesson 1?
Lesson 1: The Rich Don’t Work For Money – Money Works for Them One of the first Rich Dad, Poor Dad lessons is that the rich don’t get rich merely by being paid higher salaries (though this is a great help). They get rich by owning things that make them more money. Wealthy people use their Income to buy Assets that return more Income.
What lesson did Rich Dad teach Robert about the real world?
Lesson Summary “Rich dad” said if Robert worked in his supermarket, then he would learn to make money. Robert soon became tired of working for little pay and confronted Rich Dad. This turned out to be the first “real world” lesson: that most people are stuck in jobs they dislike being paid too little.
How did Rich Dad teach the boys to make money?
Rich Dad agreed to teach the boys how to make money, but only if they worked for him. He offered them basic jobs at one of his small supermarkets. The boys began working 3 hours every Saturday. The work was very boring and repetitive, mostly keeping the store clean and organized.
What lessons did Robert Kiyosaki learn from his rich dad?
Six lessons Robert Kiyosaki learned from his Rich Dad about making money and the mistakes that Poor Dad made Rich Dad Poor Dad contains a total of ten chapters plus the introduction, but much of the book is focused on the first six parts or lessons.