The World's Best Book Summaries
What does Rich Dad, Poor Dad say about assets and liabilities? How can assets and liabilities help you gain financial independence? In Rich Dad, Poor Dad assets and liabilities are a key part of what makes someone rich. The Rich Dad philosophy comes down to this: in order to be rich, acquire real assets, and avoid liabilities.
What is the Rich Dad, Poor Dad story? What can it teach you about managing money and growing your wealth? The Rich Dad, Poor Dad story is partly about author Robert Kiyosaki’s childhood, where he describes the experience of learning about money from his own dad (Poor Dad) and a friend’s dad (Rich Dad). The Rich Dad, Poor Dad story is about how Kioysaki developed his own philosophy on money, and also shows how you can learn to manage money in the same way.
Do you want to know how to decrease taxable income? How can it help you? Learning how to decrease taxable income is one subject Robert Kiyosaki covers in Rich Dad, Poor Dad. While it’s possible that there is some value to learning how to decrease taxable income, it shouldn’t be your go-to for making money. You can read Kiyosaki’s advice on how to decrease taxable income below.
Do you need to know how to get rid of laziness? Is laziness stopping you from achieving your goals? In Rich Dad, Poor Dad Robert Kiyosaki argues that learning how to get rid of laziness can change your life. Knowing how to get rid of laziness can help you overcome obstacles on your journey toward financial independence. Here’s how to stop laziness, and why you need to do it now.
Is buying a house a good investment? Why or why not? Though the traditional answer to the question “is buying a house a good investment” is yes, Robert Kiyosaki argues that it’s not. Not only is buying a house a good investment not the right answer, but a house can also be a liability instead of an asset. Learn more about the question “is buying a house a good investment” and why you should think about other investment opportunities.
What Rich Dad, Poor Dad‘s cash flow chart, and what can it teach you about managing and making money? The Rich Dad, Poor Dad, cash flow chart addresses an important basic principle of finance: having consistent cash flow helps make you rich. You can look to the Rich Dad, Poor Dad cash flow chart to understand how money generates money.
Are you looking for tips and advice on how to create wealth, and don’t know where to start? In Rich Dad, Poor Dad Robert Kiyosaki outlines his philosophy for learning how to build wealth with the ultimate goal of becoming financially independent. In the book, he focuses on how to create wealth for the long term so you can make the most of your money.
What does it mean to pay yourself first? How can paying yourself help you build wealth? The definition of “pay yourself first” means to invest in assets and other strategies that can help generate wealth, BEFORE paying your bills. The idea of “pay yourself first” will help create more wealth in the long and short term.
What is the Rich Dad, Poor Dad rat race? Does the book tell you how to escape in? In Rich Dad, Poor Dad, the rat race is the never ending cycle of earning money and owing money, so you get caught in a loop and never truly do what you want to do in life. The Rich Dad, Poor Dad rat race is the thing that drove the author to the Rich Dad’s financial philosophy; to generate enough wealth to achieve financial independence.
What are real assets, and why do you need them? Part of achieving financial independence is learning the anwswer to the question what are real assets? As you explore what real assets are, you’ll find out how to build long term wealth.