RICH DAD POOR DAD by Robert T. Kiyosaki

rich dad poor dad

 

Rich dad poor dad by

 Robert T Kiosaki

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Kiyosaki tell us about the "rat race," a cycle where person work hard for money but find themselves stuck in a cycle of bills and expenses. He tells that many people are conditional to believe in  that job security is equates to the financial security for life, which cause them to work  without getting the taste real wealth. He encourages the book readers to get out of them mindset  by seeking knowledge opportunities  create passive income with the help of investments and mindset

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4.Entrepreneurship power

the book promotes the pathway to the wealth, kiyosaki shears his experience with us of his child hood about is father from he learnt business valuable lessons 

He encourage reader to think creatively and a new way  about generating wealth outside of old times employment, he explains that starting a business or investing in real estate can lead to greater financial rewards in the long terms

5. Over come fear and greed

Kiyosaki tells the reader how fear and greed controls many  people's financial decisions. He told us  that fear of losing money makes individuals to avoid risks, while greed lead them to make poor financial choices in pursuit of quick gains. By understanding these two emotions  and learn to manage them, individuals can make more good  decisions relating to there social and financial life

ABOUT THE BOOK

"Rich Dad Poor Dad" is based upon several key lessons that Kiyosaki from his both fathers and take advantage of both

Chapter Summaries

Chapter 1: The Rich Don’t Work for Money

• Kiyosaki tells how Rich Dad teachs him that working alone for money make a trap individuals in the rat race during there whole life. Instead, he explained the importance of making money working for you as a passive income

Chapter 2: Why to Teach Financial knowledge

• This chapter explain the importance of understanding, knowledge  financial concepts rather than relay only  on formal education. and formal job 
• Chapter 3: Mind Your Own Business
• Kiyosaki advise readers to focus on building own businesses empires or investments instead of solely working for anyone else.

Chapter 4: The taxes history and power coopration

• He explains how to understand taxes so  individuals gets more wealth through long term planning.

Chapter 5: The rich people invent money

• This chapter discusses creativity of people to generate income and understanding opportunities.

Chapter 6: Work to Learn—Don’t Work for Money

• Kiyosaki told us  the importance of gaining skills and knowledge over simply earning from a job in form of pay cheak
  

About Robert T. Kiyosaki

Robert T. Kiyosaki is an American great businessman, author of many financial writings, and also a motivational speaker best known for his book "Rich Dad Poor Dad." he was Born on April 8, 1947, in Hilo, Hawaii, Kiyosaki grew up with in a family that always valued education also struggles financially