Un impartiale Vue de Rich Dad Poor Dad key takeaways
Un impartiale Vue de Rich Dad Poor Dad key takeaways
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With année incredible number of 5-planète reviews, Rich Dad Poor Dad ah challenged and changed the way tens of quotité of people around the world think embout money. With abord that often contradict conventional wisdom, Kiyosaki has earned a reputation cognition irreverence and bravoure.
The Es and Ss pay the most in taxes and trade their time conscience money. And each oh a different mindset.
Reduce liabilities: Pay off high-interest credit card debt quickly. This Termes conseillés should come before investing parce que credit card interest will cost you 20% per year—that’s more than what you’re reasonably likely to earn investing. If you want to pay of debt fast, see The Total Money Makeover by Dave Ramsay.
To beat laziness, we need strong self-étude and goal-setting skills. The book “Rich Dad Poor Dad” tells règles to keep learning all the time and avantage clear goals conscience ourselves. With these tools in hand, any person can crush laziness and charge ahead nous-mêmes the path towards wealth building.
The dividing line between many who struggle financially and those who are prospering is the line between the two sides of the CASHFLOW Quadrant.
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He bought a 6-unit apartment gratte-ciel connaissance a similar downpayment as a house. Then he lived in the nicest unit and rented dépassé the others, which paid his entire monthly mortgage. This is a perfect example of putting money into an asset that generates income.
Assets vs. Liabilities: The key to getting rich is understanding the difference between assets and liabilities. Assets generate income, while liabilities drain it.
Robert Kiyosaki was fortunate to have two father figures with very different views je money. His biological father, whom he calls “Poor Dad,” believed in getting a good education and working your way up the corporate ladder.
Avoiding Arrogance: Arrogance, which is ignoring what you présent’t know, leads to losing money. Always seek to learn from books and consult exercé when you offrande’t know enough embout a subject. Watch démodé intuition some financial éprouvé who hide ignorance behind fake confidence.
Xerox Story: Kiyosaki worked at Xerox, frustrated by his paycheck after all the deductions. Determined to become wealthy, he became a top 5 salesperson and invested his earnings in real estate through a Confrérie.
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When Rich Dad felt nervous before a bid deal, he would “remember the Alamo,” the heroic soldiers who kept fighting Rich Dad Poor Dad vs other financial books when they knew they couldn’t win.
to his Plata Publishing company, which also produces a series of titles related to personal argent. To keep the book in the manifeste eye, he still takes nearly every interview offered; he estimated that he has hommage more that 2,000 phare.