Financial freedom is a mental,emotional and
educational process - Robert T.Kiyosaki
Rich Dad Poor Dad
is the #1 Personal Finance book of all time written by Robert T Kiyosaki. In
this article I have presented the 15 financial lesson’s that I have learnt from
this book.
Lesson-1 : The poor and the middle class work for money. The
rich have money work for them.
Lesson-2 : Employees are taxed when they earn, spend and
save. However, the rich people don’t pay much tax like a normal salaried
employee.
Lesson-3 : Financial education will help the people to come
out of the Rat Race and make them Financially independent.
Lesson-4 : When the Paycheck / income increases, concentrate
on investing in assets rather than increasing your spending.
Lesson-5 : It’s not how much money you make, but how much
money you keep than makes your rich.
Lesson-6 : Rich
People acquire assets. While the poor and middle class acquire liabilities.
Lesson-7 : Employees makes their business owners rich and
not themselves.
Lesson-8 : The harder the middle class employees work, the
more they pay the taxes.
Lesson-9 : Rich people have corporations that will be taxed on
the leftover amount after spending.
Lesson-10 : When you are young, work to lean, not to earn
Lesson-11 : Pay yourself first [ Invest in assets] before you spend your salary [Income].
Lesson-12 : A house, in which you are staying is not an asset.
However, a rental home [Which you owns]
that is giving you money can be called as an asset.
Lesson-13 : Invest for cash-flow. Savers are losers.
Lesson-14 : Rich invest their money and spend what is left.
However, the poor spend their money and invest what is left.
Lesson-15 : My poor dad often said, I'D rather be happy than
rich. My Rich dad Said "Why not be both?"
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