Lately I’ve been trying to find business books to broaden my knowledge of finances. I’ve read a few books that I will talk about in future posts – however I am reading Rich Dad Poor Dad right now and I felt the need to make this post.
So far I have just gotten to the third lesson in the book. It’s split up into six major lessons that it takes to acquire wealth. There’s been a lot of very interesting opinions thru the book. His definition of assets vs. liabilities makes a lot more sense to me than even the financial “experts” definition.
According to the book, by Robert Kiyosaki, the six major lessons you need to learn to become financially literate are as follows:
- The Rich Don’t Work for Money
- Why Teach Financial Literacy?
- Mind Your Own Business
- The History of Taxes and the Power of Corporations
- The Rich Invent Money
- Work to Learn – Don’t Work for Money
The first three chapters have shown my some very powerful thought processes that I am glad to have seen at a young age. The problem with today’s society as a whole is that our entire life is spent learning how to work for everyone else. We work for employees, the government, and the banks.
It’s time that we started working for ourselves, you should never work for money – money should work for you. These are a few of the lessons that I have learned thanks to Robert.
Anyone that is working for themselves full time, or wants to do so, I really suggest you check out this book.
About the Author
I’m a big fan of anything from Robert Kiyosaki. I’ve read dozens of books on getting rich, investing in stocks and real estate, etc. but Kiyosaki addresses the core principles of thinking and behavior required to get rich. His first book I read was ‘Retire Young, Retire Rich’.
If you have a job or are self employed/run your own business, you should look at reading ‘Cash Flow Quadrant’.
My wife and I also have and play ‘Cashflow101′, Kiyosaki’s board game.
My husband recently finished Why We Want You To Be Rich by Robert Kiyosaki and Donald Trump. He really learned a lot and learned a similar lesson as you did. We are not taught to be entrepreneur minded but to be successful employees. I’ll tell him about Rich Dad Poor Dad.
One of my favorite books. For some reason when I read the book, it just sat well with me. My mom thought I might enjoy it so she let me give it a read. By the way, this was when I was 12 and very few books sat good with me then. This last break I managed to find it and have brought it down with me so I can give it another read through.
Rich Dad Poor Dad, definitely a great book! Kiyosaki definitely does a great job! This is a bestseller and it’s no wonder why. Especially during these hard and pressing times, I think its important to get reading!
Till then,
Jean
yeh right.. great post, Thank You
This is an excellent book, I had recommended the book to many others. He is also is one of the financial columunist for finance.yahoo.com You should read some of his comments before the recession started.
Saveyourwallet.com
It sounds like this guy really has a different outlook of becoming wealthy. I could probably learn a lot from him. Just this year I realized the part about not doing all the work myself.
Especially during these hard and pressing times, I think its important to get reading!
I do have a collection on Robert Kiyosaki reading materials.
You are all welcome to http://blog.bizworldabout.com
For example:
“Buy assets that generate income first, sure, right? Normally should start from the small property first as it will burden you if it couldn’t be rented out.
Do research on the place, and read some article on financial literacy. An “I” quadrant is basically a WIN + LOSS game. If you unable to get the rent, how do you solve the problem? Are you out of the game. Ever heard that Rich Dad quite strict to Robert Kiyosaki in teaching?
Study well and practice well. An asset does not sit there while we all doing nothing. A small asset only looks like a part time income only. It might be your liability if you don’t know how to play.”
By the way, paying an expensive seminar or couching, actually what do you guys all had in mind? I guess Robert Kiyosaki doesn’t filter those eligible to enter and those not qualified, this might be a controversial couching ever. But think again, what USD4500 would able to do for us if we are not ready yet and did not do our own research?
Robert Kiyosaki also mention that due to advances in Technology and New product, much easier today to learn the necessarily skill for building your own system and quickly develop your financial literacy. ”
Does, paying a lot of money seems easier for you to learn?
I have make a Cashflow Quadrant that everyone could understand what Robert Kiyosaki is telling us at http://blog.bizworldabout.com
Thank you.