“Rich Dad Poor Dad” changed the way I think about money!

Rich Dad Poor Dad” by Robert Kiyosaki is a personal finance book that challenges traditional thinking about money and offers a new perspective on building wealth. Here are some ways the book might change the way you think about money:

The difference between assets and liabilities:

The book emphasizes the importance of understanding the difference between assets and liabilities, and encourages readers to focus on acquiring assets that generate income rather than liabilities that drain money from their bank account.

The importance of financial education:

The author stresses the importance of financial education and encourages readers to learn about money and investing in order to make informed decisions about their finances.

The value of entrepreneurship:

The book encourages readers to think like entrepreneurs and find ways to generate income outside of a traditional job. This might involve starting a business, investing in real estate, or finding other opportunities to generate passive income.

The power of mindset:

The author emphasizes the importance of mindset and encourages readers to adopt a positive and proactive attitude towards their finances. This can involve taking risks, being willing to learn from failure, and developing a strong sense of financial discipline.

The importance of taking action:

The book emphasizes the importance of taking action and encourages readers to start investing and building wealth as soon as possible. This might involve taking small steps, such as starting to save money or investing in a low-cost index fund, and gradually building up a portfolio over time.

Overall, “Rich Dad Poor Dad” offers a fresh perspective on personal finance and challenges readers to think differently about money and wealth-building. The book encourages readers to adopt a proactive and entrepreneurial mindset towards their finances and provides practical advice for building wealth and achieving financial independence.

 

Finance books one should read in their 20’s are here.