September 2, 2023
The Rich Don't Work for Money, Money Works for Them
Find it if "Rich Dad Poor Dad" by Robert T. Kiyosaki is still worth reading in 2024.
“The richest people in the world build networks; everyone else is trained to look for work.”
The book uses a narrative where Kiyosaki learns about money from two father figures: his biological father (the "poor dad") who prioritizes education and job security, and his friend's father (the "rich dad") who emphasizes financial literacy and building wealth through assets.
"Rich Dad Poor Dad" also argues that traditional education often doesn't equip people with the financial skills necessary for wealth creation. It emphasizes the importance of learning about investing, asset building, and understanding cash flow.
The core idea of "Rich Dad Poor Dad" suggests that the wealthy focus on building assets that generate income passively, freeing them from the traditional work-for-money cycle. Assets like businesses, real estate, and royalties can provide long-term financial security.
“Financial struggle is often the result of people working all their lives for someone else.”
Rich Dad Poor Dad makes financial concepts accessible to a broad audience. It emphasizes the importance of learning about investing, building assets, and understanding cash flow – ideas often neglected in traditional education.
I also love how Robert T. Kiyosaki encourages readers to break free from the "work for money" mentality and explore ways to make money work for them. This shift in perspective can be empowering and lead to a more proactive approach to finances.
The reason why I have reread that book so many times lies in its ability to challenge conventional thinking about money and inspire readers to take control of their financial future.
“The single most powerful asset we all have is our mind. If it is trained well, it can create enormous wealth.”
You gotta know them before your book comes out!
The Rich Don't Work for Money, Money Works for Them
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