Book summary of Rich dad poor dad by Robert kiyosaki: 5 great ways to be rich and make money work for you

                Rich dad poor dad by Robert kiyosaki

Right before I was born like every other child almost everything about my life has been programmed by my parents, elders, and the society. Fortunately such plan was very simple.

     Go to school be a conformist and study hard get out of school and pray for a good job. What is unfortunate about this plan was that you get it into your mind? I have problems with it as early as when I was age 13 and started wondering why?

      Everyone wants to be an employee. He needless to say I quit out of my job. In my part of the world quit out of my job means you an illiterate and useless for life.

      Well one of the major lessons in Rich Dad Poor Dad is the “present school system is outdated because the era of job is gone”

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     Let’s move to the second lesson now if you’re one of those who still worship the present school systems. Kindly give me a second as I’d love to tell you a personal story it happened.

     I was studying tally course in college and I knew many of those boring subjects very well. In fact, I was the best student in my college. It’s Depending on which part of the world you are.

     

     However. One day asked myself. Why is it that all my lecturers are teaching me. How to calculate money and nobody’s teaching me? how to make it? Not long after this time. I divorced  that course because of our irreconcilable differences. Haahahahaha.

     Now let’s get serious for a moment. How does it make sense for anyone that we all go to school to learn about several important things. But money isn’t one of those. How can there be any education at all?

     If children aren’t thought about money? Does it make sense that we all work for money all our lives. And yet no education about such important tool for our existence.

     The second important lesson in Rich Dad Poor Dad is; “school doesn’t give you financial education and you must educate    yourself about money. If you want to be rich.”

     So what is financial education and how can you get it? Well just a few day ago. I was making a joke in my business team by saying you see. I use the cheapest mobile phone in my office because I’m the poorest. It has always been that use the cheapest thing when it comes to things that don’t bring money into by bank account if you are like most people you can buy the most expensive TV set.

     If you are like most people you can be the first to buy apple’s latest phone or borrow money to buy a car. It’s all good and nice at least you look rich. Hahahaha.

But there’s are a big difference between two person who are being rich and looking rich. Poor people love to look rich and that’s why they buy big liabilities to make them look rich.

Rich people do the opposite they buy asset. That bring money into their bank account. There may be two misunderstanding here first. What is an asset? What is a liability?

In simple terms asset is anything that gives you money. While liabilities are those things that take money away from you. The second misunderstanding point is that some time the rich buy liabilities too. Don’t they?

Yeah, the rich too buy liabilities, but let me explain when I started saving money to buy a car. I remember the lesson I learned from rich dad and poor dad author. So I decided to invest money. I had saved in a new business. I just started the meaning of this is that I might not look rich for a period. But when my business can generate enough money to buy such car I ‘ll go for it.

In this case. I really wouldn’t buy liability. My business will buy it. That’s it. Poor people buy liabilities with they income. Rich people buy liabilities from their assets.

The third lesson in this book, which is one of the most important financial education you can ever get is “don’t look rich get rich. Don’t buy liabilities buy asset.”

So you may ask how do I get assets to invest in and what if I don’t have money at all? These two concerns can be answered pretty easily.

First you don’t need money to invest or to start a business. This is probably the most controversial statement anyone can make by in my experience.

All you need to start a business or invest his courage and education, I never got money while starting out the only two things I got.

Where courage and financial education. With courage I was able to start my business with something far less than hundred dollars. And with education I was able to raise thousands of dollars as I grew in the game.

The fourth major lesson in Robert Kiyosaki’s Rich Dad Poor Dad is “you don’t need money to make money you need courage and financial education.”

Kindly, let us know in the comments. If you’ve invested or started businesses in the past with other people’s money and don’t forget to follow or read other blog post because will help you to read all the best books in the world under 10-15 minutes.

Okey, I get it. Most things in this book can easily be confusing to people who have spent all their lives in schools and jobs. But they don’t have to before I read your opinion in the comment. Let me answer these two questions. You might want to ask.

Fist how do I get financial education?

And second how do I get courage?

Let me simply use my experience to answer these questions?

First I get financial education by reading hundreds of business and financial books and I get courage by taking actions. I recommend you take time to read all of the blog in our blog post and try to follow the post. So that we can help you read the best financial books. You must also take action because you never be courageous. Until you take massive actions.

The fifth most important lesson in Rich Dad Poor Dad is”Read financial books and take actions".

Now let’s discuss, what lessons do you think I missed in this rich dad and poor dad book summary. And what points would you like to add? Which other good books, would you like our team to summarize next?

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