Updated: Apr 19
Hello everyone. I am so excited to write a little something-something about this book! This book is the first book that I downloaded and listened to through Audible (Click Audible for a free 30day Trial). I'll point out a few of the many gems I got from the book!
Robert Kiyosaki grew up with two Father figures. A "poor dad" — Which was his real father, and the "rich dad". Robert started with nothing before becoming one of the richest men in Hawaii!
Both fathers were successful in their careers, worked hard their entire lives, and earned tons of money, but one always struggled.
Kiyosaki started to notice critical differences in the way "rich dad" and "poor dad" thought, spoke and acted: "I noticed that my poor dad was poor, not because of the amount of money he earned, which was significant, but because of his thoughts and actions," he wrote.
My Major Take-Aways!
1. The book taught me that I've been handling and managing my money wrong my whole life! Robert's first major point is, "The rich don't work for money!" That's right, a lot of rich people don't work for money but let their money work for them! He goes into detail about how to get that to happen for you!
2. The second chapter teaches you the difference between assets and liabilities. You probably think you know what they are like I did, but let's say it's a little different.
3. Chapter three is about minding your own business!!! A lot of us need to do that! Have you confused your profession with your business? The two are very different, and what are you passionate about, do you know? ? You should ultimately be doing something your passionate about and not just working to be working!
4. The book starts to get into the thick of things! Chapter 4 talks about the history of Taxes and the power of corporations. He's not giving financial advice but instead motivation! He talk's about how to use taxes to our advantage!
5. Chapter 5 is how the rich invest money. This chapter is about investment packages and professional investors. I strongly recommend that you start from the first chapter and move on from that point.
6. I won't say much about the last chapter, but like the other chapters, it has valuable nuggets of information!
If you have read this book before, please let me know your thoughts on it, whether good or bad. I do love an honest review!
I've put the chapters below!
Lesson 1: The Rich Don't Work for Money.
Lesson 2: Why Teach Financial Literacy?
Lesson 3: Mind Your Own Business.
Lesson 4: The History of Taxes and The Power of Corporations.
Lesson 5: The Rich Invent Money.
Lesson 6: Work to Learn—Don't Work for Money.
Click below to check it out on Amazon Kindle or Audible.