20 lessons from “Rich Dad and Poor Dad”
2 min readMay 30, 2020
- Money passes outright your ways. But if you have an understanding of how money works, you gain more power our them and can be building wealth from them.
- All lives controlled by two emotions: fear and greed.
- A person who is not interested in money, they’ll work at a job for eight hours a day.
- Thinking that a job makes you secure is lying to yourself.
- Intelligence person, the smart person, never criticized others, they solve problems and produces money.
- A person who doesn’t understand the cash flow that never gets reason "why they struggle financially?" and never get improvement.
- Understand the valuation of assets and liability. knows their both criteria try to concentrate your efforts on buying income-generating assets."
- The precious buy assets. The poor have expenses, and the middle class buy liabilities.
- A person who use their minds to own business, they become financially secure fast.
- Keep low expenses, reduce your liability, and build your stable base of assets.
- Every rich people has lost money at some time, the poor never lose the dime. Playing not to lose money means you will never make money.
- Be control of your emotions. Do not let opinion on anyone dictate your actions.
- Surround yourself with winners. Sit with them, try to understand his mindset."
- Pay on yourself first. Being REVENUE generator machine.
- Start more listening than others. Try to listen more than talk. That makes you smart and sharp.
- Do not follow the crowd. Do not spend your time to market. Profits are made when you buy, not when you sell.
- Failures inspire winners and defeat losers. Do not be afraid of losing.
- Choose your own criteria for the study. Right, away.
- Do not invest without knowing fundamental criteria. First, know then invest.
- Never say,"I can’t afford it." That shuts down your brain. Asking, "How can i afford it?" Opens your brain. Chance questions for change your life.
