The writer Robert Kiyosaki says that both of my fathers were determined, miraculous, and influential. Both my Dads gave me advice but their advice was not the same. Both emphasized education but their subjects of the study were different.
The author says that if he had only one father, he would have accepted or rejected his advice. But there were two to advise him and both had conflicting views – One Poor Man and One Rich Man. you may read Rich Dad Poor dad in Hindi.
The author says here that I used to think on the idea of both and after comparing myself, I used to decide myself. Both had different views about money. You may listen to your favorite audiobook for free. Here we have the best free audiobooks app.
Lesson 1: The Rich Dad says do not work for money and think that Money works for me
The Rich Dad says that “Money works for me” and not more this. He wants you to do work and you will learn how money works for you. But if you want to become the master, first of all, you have to alleviate your fear.
Lesson 2: Why Teach Financial Literacy?
The Rich Dad trusts that money without financial intelligence is soon gone. This is why he stresses the significance of financial education. School teaches people how to work for money. They are designed in such a way to produce good employees instead of employers.
Lackness informal education is the so-called financial aptitude – what you do with the money once you make it, how to keep people from taking it from you, how long you keep it, and how hard that money works for you. If you want to become financially independent, you have to know and understand your numbers.
Lesson 3: Mind Your own Business
In this chapter, author Robert Kiyosaki says that rich people pay more attention to their assets, and poor or middle-class people pay more attention to their income statement. In this chapter, the author slowly introduces the concept of a real estate investor.
Both – Profession and business, are different from each other. You should not faith in your job to become financially secure, in opposite to this, focus on your own business and develop your assets. As Kiyosaki says that financial struggle is the result of working all their lives for someone else.
Lesson 4: The History of Taxes and the Power of Corporations
The idea of taxes came into existence when people trusted that it was intended to punish the rich. In fact, the poor and middle class, the very people who accepted and voted for it, were the ones disadvantaged. “Once the government got a taste of money, the appetite grew,” said the rich dad.
On the other hand, within my organization, the fewer people I hire and the less money I spend, the more I am respected by my investors. The main point is, the rich people are fully aware of this how much they are being manipulated by the system but they do not hinder them.
Lesson 5: The Rich Invent Money
One important thing which holds all of us back is self-doubt. Generally, people wait for luck and opportunities but the rich ones are creating opportunities, out of obstacles. In the real world, if we say these are smart people that get ahead, it is wrong while they are bold.
If you do not think about big plans and take risks then you will have to spend your entire life waiting for something that is not bound to happen.
Lesson 6: Work to Learn Don’t Work for Money
Kiyosaki thinks that there are people who are “one skill away from great wealth.” In addition to the school knowledge, each and every person should learn the skills to achieve financial success. The rich people seek work for what they will learn and more than what they will earn.
There are some of the important fields to focus on are management and communication. Kiyosaki also stressed the importance of sales and marketing skills. These fields are of specific knowledge and people should obtain to help them reach the road towards financial freedom.