This is why various scenarios are presented in which this classic teaching does not produce satisfactory results but, rather, is capable of causing catastrophes. Robert also recounts the different situations he had to go through due to following the advice his poor father had given him.
all this wealth of lessons is the importance of financial knowledge, something that is not given enough emphasis in the educational system.
Following this conclusion, the book aims to encourage its readers to take control of their financial lives, motivating them to prepare themselves sufficiently in the economic aspects that truly matter.
Most notable lessons
Rich people “make money” and they don’t work for it, that is, t hospital mailing address list hey acquire assets and the money works for them.
Your financial education is your wealth, therefore, learn about investment, accounting, markets, offers, laws, marketing , communication , since money without financial intelligence is quickly lost.
Develop a job where you can apply everything you learned in the previous point, do not work to earn money but to learn.
The rich acquire assets and the poor acquire liabilities, so it is important to know how to differentiate between them.
Reduce your expenses, that is, your liabilities (obligations and commitments), as much as possible.
Work for yourself, create your own business .
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Look for more valuable assets and constantly reinvest your profits, learn on your own and don't leave your money in the hands of an advisor.
Don't spend on luxuries, if you have developed a good investment then you will get your reward.
The opinions of third parties should not affect you or influence your decisions , manage your emotions.
Hang out with people smarter than you, surround yourself with winners and learn from them.
Always have your goals clear, aspire and dream big.
Always listen before speaking, clarify your doubts and always ask, learn from the knowledge of others.
And another of the most important lessons is that there is no rich person who has not lost money at some point, so it is essential to lose the fear of money.
Losing the fear of money
Most, if not all, are afraid of the unknown. The same is true for money. The great lack of knowledge surrounding personal finances has resulted in many developing a fear of money.
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The fear of not knowing how to use money in the most efficient way, the fear of investing, the fear of saving in economies with inflation problems. Rich Dad, Poor Dad has the ability to motivate the reader to lose the fear of money. But how can we lose it?
Robert Kiyosaki understood this when he had to go through difficult situations following the lifestyle of his biological father. He understood that what he had to do was to worry and take care of himself to understand finances and everything related to money.
By becoming an expert in this area, he was prepared to take risks and learn from his experiences. Following the example of his adoptive father, who learned that it was not necessary to do everything he was told to succeed, he became one of the richest men in Hawaii.
Without a doubt, Rich Dad, Poor Dad is a book that has a lot to offer. As long as we understand that it is not a magical guide. It is a philosophy based on the two perspectives that the author received thanks to his two fathers.
It is a philosophy that motivates us to lose our fear of money, take risks and break traditional patterns. Of course, we must prepare ourselves through knowledge about the best management of our personal finances.
However, what stands out most in
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