Sunday, 12 February 2017

Life Lesson from RICH DAD

Lesson of RICH DAD from the book RICH DAD POOR DAD by Robert Kiyosaki
  • There is difference between being poor and being broke. Broke is temporary. Poor is eternal.
  • The poor and the middle class work for money. The rich have money work for them.
  • People’s lives are forever controlled by tow conditions: Fear and Greed.
  • It’s not how much money you make. It’s how much money you keep.
  • Rick people acquired assets. The poor and the middle class acquire liabilities that they think are assets.
  • Cash flow tells the story of how a person handles money.
  • Financial struggle is often the result of people working all their lives for someone else.
  • If you work for money, you give the power to your employee. If money work for you , you keep power and control it.
  • Often in real world, it’s not the smart who get ahead, but the bold.
  • It is not gambling if you know what you’re doing. It’s gambling if you’re just throwing money into the deal and praying.
  • Job is an acronym for “Just Over Broke”.
  • Worker work hard enough to not be fired, and owners pay just enough so that worker won’t quit.
  • You can’t teach old dog new tricks.
  • Give and you shall receive.
  • The primary difference between a rich person and a poor person is how they manage fear.
  • Failure inspires winners. Failure defeats losers.
  • There is gold everywhere. Most people are not trained to see it.
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