Once you understand the difference between assets and liabilities, concentrate your efforts on buying income-generating assets. “Many financial problems are caused by trying to keep up with the Joneses.” “A person can be highly educated, professionally successful, and financially illiterate.” “The fear of being different prevents most people from seeking new ways to solve their problems.” “More money seldom solves someone’s money problems.” “The number-one expense for most people is taxes.” “Most people don’t understand why they struggle financially because they don’t understand cash flow.” “Cash flow tells the story of how a person handles money.” “Money often makes obvious our tragic human flaws, putting a spotlight on what we don’t know.” “Illiteracy, both in words and numbers, is the foundation of financial struggle.” A liability takes money out of your pocket. “You must know the difference between an asset and a liability, and buy assets.”Īn asset puts money in your pocket. “Intelligence solves problems and produces money.”
“Thinking that a job makes you secure is lying to yourself.” “So many people say, ‘Oh, I’m not interested in money.’ Yet they’ll work at a job for eight hours a day.” “People’s lives are forever controlled by two emotions: fear and greed.” “Money comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth.”
“There is a difference between being poor and being broke.
Don’t buy any other books or products, and please please don’t pay for a get-rich-quick seminar.Free Download: Download a free PDF version of this book summary. Don’t get me wrong though – having read three other Kiyosaki books and listened to an audio CD series, my opinion is to skip everything else Kiyosaki sells! Just read the original. Somehow his message of buying assets with your hard-earned money and not liabilities connected with a lot of people. I read and reviewed Rich Dad, Poor Dad in 2005, and while I do admit the book has many flaws I guess I still have a little nostalgic soft spot for it. After verifying the e-mail I was able to download the PDF without issue. Unless you really want a lot of spam, I’d use a disposable or temporary e-mail address. Specifically, you have to sign up for an account with your name and e-mail.
I am bringing this up because until 4/13 you can download a PDF of the book for free at. Rich Dad, Poor Dad by Robert Kiyosaki and Sharon Lechter is probably one of the most controversial best-selling personal finance books out there.