Rich Dad Poor Dad is a 1997 book written by Robert T. Kiyosaki and Sharon Lechter. This book offers personal finance education to help you learn about cash flow, real estate, investing, and business building. It advocates the importance of financial literacy (financial education), financial independence and building wealth through investing in assets, real estate investing, starting and owning businesses, as well as increasing one's financial intelligence (financial IQ).
- The Rich don't work for money. The poor and middle class work for money. The rich have money work for them.
- A job is only a short term solution to a long term problem.
- The rich buy assets, The poor only have expenses, The middle class buy liabilities that they think are assets.
- The rich focus on their asset column while everyone focus on their income statement.
- The rich buy luxuries last, while poor and middle class tend to buy luxuries first.
- A person can be highly educated, professionally successful and financially illetrate.
- Employees earn and get taxed and they try to live on what is left. A corporation earns, spends everything it can and is taxed on anything that is left. Its one of the biggest legal tax loopholes that the rich use.
- Money is not real. The more real you think money is, the harder you will work for it. If yougrasp the idea that money is not real , you will grow rich faster.
