{"id":11232,"date":"2020-07-22T23:27:00","date_gmt":"2020-07-23T03:27:00","guid":{"rendered":"https:\/\/www.shortform.com\/blog\/?p=11232"},"modified":"2020-07-27T17:34:15","modified_gmt":"2020-07-27T21:34:15","slug":"rich-dad-poor-dad-tips","status":"publish","type":"post","link":"https:\/\/www.shortform.com\/blog\/rich-dad-poor-dad-tips\/","title":{"rendered":"4 Rich Dad, Poor Dad Tips For Your Financial Future"},"content":{"rendered":"\n

Are you taking steps toward being financially independent? Are there any Rich Dad, Poor Dad<\/em> tips you can use?<\/p>\n\n\n\n

In a book filled with important lessons on reframing the idea of wealth and earning money, Rich Dad, Poor Dad<\/em> tips are hugely valuable. Rich Dad, Poor Dad<\/em> tips can help you change your mindframe, secure assets, and overcome your own mental obstacles<\/a>. <\/p>\n\n\n\n\n\n\n\n

Rich Dad, Poor Dad Tips<\/h2>\n\n\n\n

Use these tips to work toward financial independence<\/a>. Remember, these aren’t the only lessons and advice offered in the book, but are ideas that you can adopt to change your mindframe about finances. <\/p>\n\n\n\n

1. Keep Learning, and Learn Quickly<\/strong><\/h3>\n\n\n\n

Great opportunities arise in a changing world. (Shortform note: Put technically, markets are less efficient and less at equilibrium when things rapidly change, like through new technology.)<\/p>\n\n\n\n

300 years ago, land was the basis of wealth. Then factories and industry became the new basis for wealth. Today, it\u2019s information. And by its nature, information changes more rapidly than land or manufacturing. So it\u2019s even more important to keep learning<\/a> and adapting, quickly, as it\u2019s ever been.<\/strong><\/p>\n\n\n\n

(Quote from Charlie Munger: \u201cIn my whole life, I have known no wise people (over a broad subject matter area) who didn\u2019t read all the time \u2014 none, zero. You\u2019d be amazed at how much Warren [Buffett] reads.\u201d)<\/p>\n\n\n\n

This doesn\u2019t have to be difficult or intense. Robert Kiyosaki mentions jogging through his neighborhood to spot which houses were listed for sale for longer than others, and making low-ball offers for these houses. This is one example of how to use the Rich Dad, Poor Dad<\/em> tips in the book.<\/p>\n\n\n\n

The more you learn and the more experience you get, the more money you make, which gives you more chances to learn even further. The faster you can iterate your knowledge, the faster the returns compound.<\/strong><\/p>\n\n\n\n

2. Learn Broadly<\/strong><\/h3>\n\n\n\n

Many people with great talent in their trade aren\u2019t rich. They\u2019re specialists and proud of it. One of the Rich Dad, Poor Dad<\/em> tips says that you can make money with a variety of skills. <\/p>\n\n\n\n

Often, they just need to learn and master one more skill to dramatically boost their income.<\/strong><\/p>\n\n\n\n