Rich Dad Poor Dad is a 1997 book written by Robert Kiyosaki and Sharon Lechter. It advocates the importance of financial independence and building wealth through investing, real estate investing, starting and owning businesses, as well as increasing one's financial intelligence to improve one's business and financial aptitude. Rich Dad Poor Dad is written in the style of a set of parables, ostensibly based on Kiyosaki's life.
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Book Summary -
Eventually, Kiyosaki chooses to gain from his rich father - who wouldn't? The book concentrates for the most part on the training and money related counsel Kiyosaki gained from his rich father. His rich father could make a multi-million dollar realm from for all intents and purposes nothing, utilizing his monetary keenness and the influence of his creative energy.
The book is sorted out into six fundamental lessons that Kiyosaki presents to getting to be fruitful:
- The wealthy don't work for cash
- Monetary proficiency is critical
- Own organizations, instead of work at them
- Comprehend charges and the force of companies
- The rich develop cash
- Work to learn as opposed to work for cash
These lessons join the teachings of Kiyosaki's rich father with encounters from his own particular life. They contain repeating subjects, for example, the significance of enhancing your money related IQ and budgetary proficiency, an arrangement of aptitudes that Kiyosaki accepts is missing from the present training framework.
The book likewise indicates how the wealthy don't function for cash, they constrain cash to work for them. The rich obtain resources as opposed to liabilities. Kiyosaki stresses the significance of having the capacity to separate between a benefit and a risk. He expresses that keeping in mind the end goal to be genuinely affluent, your advantage segment must be vigorous and ready to balance your everyday costs. He clarifies that the vast majority trust a higher wage will make them rich, however in all actuality, a solid resource segment will. Higher livelihoods regularly prompt higher costs, higher assessments, and more obligation.
Rich Dad, Poor Dad investigates the influence of organizations and shows how the rich use enterprises to house their cash. Enterprises take into consideration costs to be paid pre-charge, sparing the entrepreneur heaps of cash. Kiyosaki dissipates the myth that expenses hurt the rich the most – rather he demonstrates what number of rich individuals evade imposes and beat the framework. Assesses really hit poor people and white collar class much harder.
Kiyosaki additionally investigates the character characteristics and convictions that keep individuals away from getting to be rich. He asserts these impediments can be assembled into five distinct classifications: dread, feedback, sluggishness, negative behavior patterns, and self-importance. The book investigates how every one of these variables goes about as an impasse to budgetary achievement and gives genuine cases.
A great part of the book is dedicated to self-reflection. He examines finally the routes in which his rich father and poor father have affected him. In spite of the fact that he at last imitated his rich father, regardless he holds a portion of the convictions that his poor father held, for example, the significance of social obligation and compassion for what he terms as "those who lack wealth."