Book Title : Rich Dad Poor Dad. Author : By Robert Kiyosaki, 2001, 240 pages
Agenda: The main reason why people struggle with financial problems is because they spend several years in school but learn nothing about money and investments. The result is that people learn to work at the service of money… but never learn to put money to work for them.
Story : Two fathers;
Poor Dad: one has collection of degrees and diplomas.
Rich Dad: a high school drop out .
Story is about the ways in which both men shaped their thoughts about money and investing. You don't need to earn a high income to be rich. Rich people make money work for them.
The rich father in this book teaches some invaluable lessons about money through their own experiences. While the poor dad will leave next to nothing behind, and even a few unpaid bills here and there.
The most important one is undoubtedly to understand on how to best use your mind and your time to create your own wealth through business and investments.
It's all about getting out of the rat race. Learning how to seize opportunities, finding solutions, taking care of your business and investments and most especially, learn how to make money work for you and not be its slave! Takeaway from this book :
1) Learn to Listen
2) Pay yourself First
3) Buy Luxuries Last, Not First.
4) Reduce Expenses & Liabilities.
5) Aim for more valuable Assets.
6) Be in control over your emotions.
7) Work to Learn, Don't work to Earn.
8) You become what you study - Read a lot.
9) Reinvest excess cash generated by assets.
10) Surround yourself with people smarter than you. Link to purchase this book : https://amzn.to/3hD16Rx
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