3 Lessons from Rich Dad Poor Dad to Become Rich
Rich Dad Poor Dad Story
Learn 3 best lesson from rich dad poor dad
I’m going to be talking about 3 lessons from Robert Kyakosaki’s book Rich Dad Poor Dad.
Lesson 1: The rich don’t work for money.
Kyakosaki says that the rich don’t work for money. Instead, they make their money work for them. They invest their money in assets that generate income, so they don’t have to trade their time for money.
Lesson 2: The poor and middle class buy liabilities.
Kyakosaki says that the poor and middle class buy liabilities, not assets. Liabilities are things that take money out of your pocket, like a car payment or a mortgage. Assets are things that put money in your pocket, like a rental property or a stock portfolio.
Lesson 3: The rich educate themselves about money.
Kyakosaki says that the rich educate themselves about money. They learn about investing, financial planning, and tax law. They don’t rely on financial advisors or banks to tell them what to do with their money.
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