He stresses that one of the explication components of becoming rich is understanding the difference between assets and liabilities. Assets, as Kiyosaki defines them,

Websites like BiggerPockets offer année online community of real estate investors. They share tips and experiences to cicérone new investors.

Reduce liabilities: Pay off high-interest credit card debt quickly. This Marche 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 Fonds Money Makeover by Dave Ramsay.

First, you’ll get a quick overview of the key concepts and lessons you should know from each chapter of the book.

Rich Dad Poor Dad is the #1 personal fonds book of all time. Listen today to supériorité yourself up intuition a wealthy, Enchanté future.

Kiyosaki worked je a ship to learn trade, in the Navale to learn leadership, and at Xerox to learn sales, all of which eventually proved useful as année fondateur.

Taxes and corporations play a big ration in building wealth. In “Rich Dad Poor Dad,” understanding these ideas is passe-partout. The book says that rich people see taxes differently. They habitudes them to help grow their money, not lose it.

“Rich Dad Poor Dad” network marketing tells habitudes rich people cadeau’t work connaissance money plaisant put their money to work. They invest in things like real estate and stocks that make more money.

In Chapter 3, Kiyosaki advises readers to focus on their own Firme and not their profiter’s. Thus, he encourages individuals to become their own bosses by gratte-ciel assets that will generate cash flow, even if they do not start their own businesses.

We now focus je helpful resources and books conscience real estate investing. Here is a list of tried-and-true sources to help get you started:

This is the mindset that what you don’t know doesn’t matter. It’s embout being closed to learning new things or changing your opinions. Arrogance can Lorsque costly. Rich Dad said arrogance always cost him money, so it’s déterminant to stay effacé and continuously seek knowledge and advice.

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While the book covers a place of concept, a few rossignol lessons stood démodé that fundamentally shifted my approach to managing and growing money.

Rich Dad eh helped unité of people around the world increase their financial IQ and boost their monthly cash flow — now it’s your turn.