Rich Dad, poor dad
Rich Dad,poor dad

1. Manage yourself money:

Many people are able to make money, but not everyone learns how to manage it properly.

Financial intelligence starts with learning the difference between assets and liabilities. 

ensure that you have more money coming in than going out, which is what will make you richer. 

2. Pay Yourself First:

Most people earn and spend their salary paying bills.

A rich person always pays himself.

Invest in

- Courses

- Books

- Experiences 

3. Saving and investing are different:

Saving is considered a must and a good habit.

You need to invest your money instead where it grows at a higher rate than inflation.

Saving weaken the purchasing power while investment will increase the value of your money. 

4. Learn taxes:

If you are rich and lack financial literacy, you will end up paying a lot of taxes.

The rich have their investments often in learning, so they have to pay fewer taxes. 

You need to have financial IQ in different areas like accounting, investing, market forces, and the law. 

5. Do not rely on a single source of income:

Most people rely on a single source of income.

You can never become rich and financially secure if you are one of those.

You should have 2 to 3 streams from where you earn money. 

You will be in better position even if you face some financial crisis if you multiple income streams. 

6. you become smarter by taking risk:

Unless you take a risk, you cannot grow, grow as in grow really big.

You should take a risk because some opportunities in life have the potential to change the course of your life. 

7. Everyone needs to be a financially literate:

Intelligence solves problems and produces money.

Money without financial intelligence is money soon gone.

The sad part about the education system around the world is that it teaches to work for money. 

The system never teaches how to make, manage, and keep the money.

You should learn how to create wealth and make a plan to achieve financial freedom. 

8. Mindset is everything:

Poor dad always used to say” we can’t afford this “whereas rich dad teaches him to replace it with “how you can afford it?”.

In This way, replace your negative attitude into positive and you will definitely  find ways to do achieve that target. 

Your attitude and mindset matters the most.

The first and foremost thing to do anything is that you must believe in yourself. 

9. Surround yourself with people smarter than you:

There is a very popular saying ‘If you are the smartest person in the room, then you are in the wrong room.’

If you want to be smart, surround yourself with people smarter than you. 

10. Control emotions:

The situation only gets worse for you when you are not able to control your emotions.

The statement holds good for both personal and professional life situations. 

You should learn to control your emotional balance and be focused on accomplishing your financial goals.

The book Rich Dad, poor Dad

Rich Dad Poor Dad is a book that offers advice on how to become financially successful. The book is based on the story of the author's two fathers, one of whom was wealthy and the other of whom was not. The book provides readers with advice on how to make money, how to invest it, and how to avoid financial pitfalls. It also includes information on how to create financial stability for yourself and your family.

Why the book Rich Dad, poor Dad is a must read

There are a lot of reasons why the book Rich Dad Poor Dad is a must read. For one, it is a story that can inspire and motivate you to change your life for the better. It is also full of great advice and tips on how to be successful in life.

But perhaps the most important reason why this book is a must read is because it can help you understand the importance of financial literacy. Financial literacy is something that is not taught in schools, yet it is one of the most important skills you need to have in order to be successful in life.

Rich Dad Poor Dad can help you understand the basics of financial literacy, and it can also inspire you to take action and start making positive changes in your life. If you want to change your life for the better, then this book is a must read.

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Rich Dad, poor Dad

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