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Teachings of "Rich Dad, Poor Dad

Jul 24, 2024

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Teachings of Robert Kiyosaki: "Rich Dad, Poor Dad"

Introduction

  • According to Robert Kiyosaki, he has two dads: one rich and one poor.
  • Both dads have different thinking and different ideas about money management.
  • Robert completed his education at Stanford, Chicago, and Northwestern University.

Thoughts of Both Dads

Poor Dad

  • Money is the root of all evil.
  • Emphasized on education.
  • Hard work is essential in life.
  • Focus only on studies.

Rich Dad

  • Lack of money is the root of all evil.
  • Proper use of money.
  • Importance of financial education and investment.
  • Development of thinking power.

Area of Education and Learning

  • Money matters are not taught in school.
  • Education emphasizes academic and professional skills.
  • Schools lack money-related skills.
  • Rich dad explained that the problem is in thinking, not money.

Attitude Towards Money

  1. Thinking Power
    • "How can I buy it?"
    • Habit of thinking with capability.
  2. Broader Perspective of Money
    • Rich make money, poor spend it.
    • Knowing how to earn money is key.

Rules to Become Rich

  • One should not work for money, but let money work for them.
  • Financial education.
  • Knowledge of small and large investments.
  • Establishing a strong financial foundation.

Assets and Liabilities

  • Asset: Brings money to you.
  • Liability: Takes money away from you.
  • Rich people invest in assets.

Ways to Invest

  1. Real Estate
    • We need to know what kind of investments to make instead of buying.
  2. Stocks
    • Investing in small-cap stocks.

Useful Tips

  • Pay attention to the habits of billionaires.
  • Try, learn, and push yourself beyond the limits.
  • Broaden your thinking and understand the world around you.

Conclusion

  • Take steps towards becoming rich through money education, thinking, and efforts.
  • Self-belief and financial literacy are essential to becoming rich.

Advice to People:

  • Stop working for money, let money work for you.
  • Always pay attention to financial education.

ЁЯФС Key Lesson

  • The power of "financial intelligence" and "giving."
  • Before becoming rich, give money to yourself first.
  • Proper time management and respect for work.

End:

  • Think, learn, and become rich.

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