RICH DAD POOR DAD

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"Rich Dad Poor Dad is a starting point for anyone looking to gain control of their financial future."
                        - USA TODAY


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"The main reason people struggle financially is because they have spent years in school but learned nothing about money. The result is that people learn to work for money... but never learn to have money work for them."  
 < Robert Kiyosaki >

SUMMARY: 

"Rich Dad Poor Dad" is a personal finance book written by Robert Kiyosaki. It contrasts the financial philosophies of the author's "rich dad" (his friend's father) and "poor dad" (his own father). The book emphasizes the importance of financial education, investing in assets that generate income, and developing a mindset focused on creating wealth. It also discusses the difference between assets and liabilities, the importance of taking calculated risks, and the power of financial independence. Overall, the book encourages readers to think differently about money and to take control of their financial future.
 
Quotes:
  1. "The poor and the middle class work for money. The rich have money work for them."
  2. "The rich focus on their asset columns while everyone else focuses on their income statements."
  3. "It's not how much money you make. It's how much money you keep."
  4. "The rich focus on their asset columns while everyone else focuses on their income statement."
  5. "An asset puts money in the pocket. A liability takes money out of my pocket."
  6. If you work for money, you give the power to your employer. If money works for you, you keep the power and control it.
  7. "Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets."
  8. “The more you learn, the more you earn.”
  9. “The most successful people in life are the ones who ask questions. They’re always learning. They’re always growing. They’re always pushing.”
  10. “Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success.”
Why the Rich Get Richer
A review of my rich dad's financial statement shows why the rich get richer. The asset column generates more than enough income to cover expenses, with the balance reinvested into the asset column. The asset column continues to grow and, therefore, the income it produces grow with it. The result is that the rich get richer!

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