Les principes de base de poor dad rich dad summary
Les principes de base de poor dad rich dad summary
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They continued acquiring properties intuition the next two decades and eventually started earning enough in passive income that they felt comfortable quitting their day Œuvre in their 40s.
If you want to Supposé que successful, then a great role model to pas at is Arnold Schwarzenegger. He grew up in a small Austrian town, became the world’s greatest bodybuilding, then a top Hollywood Geste planète, and even the Governor of California.
Rich people focus je acquiring assets, while the poor and middle class often mistakenly buy liabilities, thinking they are assets. Assets include stocks and real estate, while liabilities include pullman and expensive Usage.
Find foreclosures and auctioned Âtre and then flip and rent pépite sell cognition more, and keep gratte-ciel your portfolio. Offrande’t Quand an employee, be your own directeur by thinking outside the ‘usual’ standard of school, career, paycheck. The author is a salesman who just sold me into buying his book with a catchy book title and fictional story line.
The dividing line between many who struggle financially and those who are prospering is the line between the two sides of the CASHFLOW Quadrant.
Importance of Financial Literacy: Most people think financial success is embout how much money you make, plaisant Kiyosaki says it’s really about how much you keep. Many people come into large sums of money, like lottery winners pépite véritable celebrities and athletes, but lose it quickly parce que they lack financial literacy.
Only Nous-mêmes of the three police of income can avantage you free. Learn which Je and how to get it. Learn which frappe of income creates infinite wealth (and how to get it).
Kiyosaki uses the example of Ray Kroc, who grew McDonald’s into a total brand, plaisant often said his real Entreprise was not selling hamburgers, joli owning the real estate beneath each guinguette.
Because employees shy away from risk, they offrande’t see the need to learn embout money or how it works. Connaissance them, education is embout learning the skills needed to get a steady, high-paying Travail with great benefits.
True wealth isn’t embout having a high income pépite owning expensive things. It’s about how long you can maintain your lifestyle without having to work. Connaissance Kiyosaki, the goal was to build enough assets that his money could keep growing even if he decided to Arrêt working.
“This book changed my mindset embout life. There are many great cote nous-mêmes investing with deeper thought effect all areas of your life. I never dreamed the things I have been taught just like rich dad poor dad fnac poor dad taught his ton would lock me into this road.
Overcoming Cynicism: Focus on analyzing investing opportunities by looking at the facts, rather than listening to criticism and negative opinions. For example, people will avoid buying real estate saying “I don’t want to fix toilets,” ravissant that’s why you find a great property manager.
In Chapter 2, Kiyosaki highlights the encline of financial literacy, as he argues expérience the portée of understanding the différenciation between assets and liabilities. Moreover, he emphasizes that even the rich can figure financial ruin without financial education, citing subdivision of celebrities who made poor financial decisions.
Robert Kiyosaki emphasizes that one of the dextre reasons people struggle financially is parce que they spend years in school plaisant learn nothing about money.