This rich dad poor dad free PDF will discuss six lessons of the rich dad which Robert Kiyosaki highlights in this book.
Learn all the important lessons of Rich Dad Poor Dad to be highly successful and rich in your life. To get ultimate benefits of your financial life, just follow these six lessons of Robert Kiyosaki discussed in this book. You won’t be worrying about money again after reading these wonderful lessons of Rich Dad Poor Dad Free PDF.
Lesson #1 The Rich Don’t Work for Money
First lesson is the rich don’t work for money in which a rich dad tell his son that do not just work for getting rich or money.
Power of Rich Dad Poor Dad PDF
Being rich is one of the most common dream we all have. We all talk about it to be rich but most of us never make it happen. Kiyosaki emphasizes the idea that if you are able to change yourself, you have to power to change your life if it’s what you really dream for. He explains in Rich Dad Poor Dad PDF that majority of people let life push them around, they let their boss, their job and their families direct their lives and standards of life. There is another kind of person which pushes back and these people will be successful. They understand changing and learning themselves would make them wiser and will lead them to achieve their goals.
Desires are the things that keeps people in the same jobs while they know the fact this job can’t make them feel any joy, they just continue to work. Because they have desire for money and the things only money can buy. They expect that money will bring the joy. However, Kiyosaki explains that joy of fulfilling desires is only temporary. Desires keeps on rolling up and up and demanding for more and more. The assumption is that money brings joys and solves all problems come up due to money but reality is that money does almost the opposite.
Lesson #2 Why Teach Financial Literacy?
Second lesson on the importance of teaching financial literacy that how financial literacy can improve a person’s finances and grooms him in every aspect of financial life.Most people fail to realise that in life, it’s not how much money you make, it’s how much money you keep.
Kiyosaki explains that everyone is looking for a quick fix, the magic answer and formula to get themselves rich overnight. However, he explains that the only way to get rich is to become financially literate. The education is absolutely fundamental.
Understanding Rich Dad Poor Dad Book Important Lesson
Importance of understanding that there is a clear difference between assets and liabilities. You cannot spend your life buying liabilities, you need to be buying assets. Rich Dad Poor Dad Book is the reason of majority of people that rich people focus on acquiring assets and poor people focuses on acquiring liabilities. It can also happen due to little knowledge of assets and liabilities assuming that it’s an asset. It’s very simple to know if the thing you’re investing in, is an asset or liability. Just ask yourself that if this thing will start putting money in your account or will start to take out your money.
Lesson #3 Mind Your Own Business
Robert Kiyosaki outlines the factor why most of the people can’t be rich as they spend their whole life working for someone else dream and in return just get a paycheck which keeps them holding to work for it. He explains that there are two schools of thought when it comes to earning an income:
- Your income is a direct result of your career. This is what most people think.
- Your income is a direct result of your assets. This is the perspective of the rich.
Lesson #4 The History of Taxes and the Power of Corporations
We need to look at the history of taxes and educate how taxes and corporations work. Kiyosaki points out the fact that the rich avoid being taxed. The middle class are the ones who end up paying taxes due to little knowledge of taxes and corporations that how it works. Rich people generally have a deep knowledge of the legal structure of corporations and how to avoid taxes employ. Rich people do not voluntarily pay more taxes. Whenever new initiatives are put in place, designed to tax the rich, the rich do their research and push back. The poor and the middle classes don’t have the education to push back, so they are the ones who end up paying all of the taxes.
Lesson #5 The Rich Invent Money
To be rich, don’t just work to make money, make something new and patent it to make passive money from it.”I recommend to young people to seek work for what they will learn, more than what they will earn. Look down the road at what; skills they want to acquire before choosing a specific profession and before getting trapped in the Rat Race.”
There is an option for people who are unwilling trying to learn a new skill and are determined to become specialized in that single field. If this is the approach you want to take, ensure that you work for an organization. Specialists are well protected within labor unions.
Lesson #6 Work to Learn Don’t Work for Money
A fresh passed out student of a university will be taken under the wing of an organization and groomed to take over one day. These students will likely be moved all around the organization or a company, never specializing in just one department to ensure that they understand the entire organization. This is something that rich people often teach their children to have complete understanding of business operations and how the family manages their finances. Management skills that should be taught include managing cash flow, managing systems and managing other people.
Kiyosaki outlines that, it does not take years of education and higher degree to be rich person. You do not even need high grades and marks in school and college to be successful and rich. There are other ways to be rich and successful with money that you can learn in this Rich Dad Poor Dad PDF Free of cost.