RICH DAD POOR DAD

[MagnificentX]

Growing up as teenagers, there's a book I believe we read even though many of us didn't pay good attention to it's details. This book is titled Rich Dad Poor Dad written by Robert T Kiyosaki and Sharon Lechter.
This book teaches so much about wealth, even to the things and words rich or wealthy fathers teach their children mostly on investments and how to accumulate wealth. It talks about building wealth through investing in assets and even real estate and advocates the importance of financial literacy.

Today I know this topic will take us back to the good old days when we sit with our hands on the reading table holding this book filled with words that it's wisdom can change so much that we see about the current economy.

If you had come across this book and read it, which of the lessons do remember or even hold on to in your daily life and business routine?

[Josefjix]

Yes of course, I could remember see that those who often become school drop out are actually the rulers of the world in reality, those who think beyond just papers and create something outside the box are really the sons of the poor dad, Elon musk, Mark Zuckerberg and others history are classified to be borned under the poor parents who teaches them the other opportunities than school papers.

These dropouts been thinking about assets and real estate from then till today, why always about the dropouts?

[Oluwa-btc]

Today I know this topic will take us back to the good old days when we sit with our hands on the reading table holding this book filled with words that it's wisdom can change so much that we see about the current economy.

If you had come across this book and read it, which of the lessons do remember or even hold on to in your daily life and business routine?

Alot being said and everything written and penned down on that book was so detailed and informative such that one can easily understand and make reasonable considerations and efforts towards achieving what they ought to. Usually I go back to this book to refresh my memories and remind myself about what I'm supposed to do or not, basically as an individual trying to unfold new measures of success and trying to kit up my investing strategies. The most interesting part of it that I love is the fact that financial literacy should be taught to the younger generation and kids, the knowledge should be inculcated in them for better performance.

[shinratensei_]

This book is definitely good read and give you perspective, especially if you're not really familiar with how the economy works, really good insight on how rich people can exploit the loopholes and accumulate asset.
One big disadvantage is you won't be achieving the same result replicating what the book is saying. Just a good guide on how to do things out of the box not always obeying the norm but overall not really helpful guide to build a wealth.

[CONVOAI]

Some things in this book Rich Dad Poor Dad still resonate in my head. Like assets bring money into your pocket and liabilities take money out of your pocket. This book taught us many important things. Seeing your post now makes me want to read this book again.

[Obulis]

There might not be any specific lesson remembered but the fact that it's lessons are still rolling in and with anyone who's read for knowing not fantasy is clear and obvious. Generally, the financial literacy is so clear that till date even when you do financial mistakes that only means you a human and doesn't mean you don't understand because it is very obvious how much these common sense of financial literacy is already transferring to children and adults in need of it around you talk more of your own children. The knowledge contained in the book is  for now beyond time looking at when it was written and it's relevance till date.

[Fiatless]

Yes of course, I could remember see that those who often become school drop out are actually the rulers of the world in reality, those who think beyond just papers and create something outside the box are really the sons of the poor dad, Elon musk, Mark Zuckerberg and others history are classified to be borned under the poor parents who teaches them the other opportunities than school papers.

These dropouts been thinking about assets and real estate from then till today, why always about the dropouts?

The notion that school dropouts are the wealthiest people on earth is causing harm to our society. Young people with such a mindset are not taking their academics seriously. Not all school dropouts become successful but those that developed themselves and created soemthing ov value. People need to graduate from college to become doctors, engineers and other professions.

Anyway, Rich Dad and Poor Dad is a good book for everybody including young children. It was the first book I read that simplified financial intelligence.   

[slapper]

The main thing I remember about that book is the way that it romanticizes the landlord-investor class and completely glosses over the folks at the other side of the transactions.

The "assets vs liabilities" framework is useful though. I'll give him that. It makes you think about whether something creates cash flow or whether it is cash flowing out and most people don't make that distinction clearly enough. They purchase items that are perceived as assets and act as liabilities. Cars, big houses, whatever. The book at least leaves you wondering about that automatic consumption pattern.

Kiyosaki implies that the primary issue is people don't understand money. That's part of it sure. But the larger problem is that wages have stagnated and the asset prices exploded. You can be financially literate and get priced out of wealth building opportunities entirely. Knowledge doesn't work to solve structural inequality. It just makes you aware of how much you are locked out from.

What actually stuck in my head was that you have to take responsibility for your own economic education. The system won't do it for you. Schools won't teach you. Employers certainly won't train you.

You either figure it out yourself or you don't. That's harsh but probably true.

[MagnificentX]

What actually stuck in my head was that you have to take responsibility for your own economic education. The system won't do it for you. Schools won't teach you. Employers certainly won't train you.

You either figure it out yourself or you don't. That's harsh but probably true.

That's one of the alarming parts about life, you are to learn, grow and build all by yourself. No body cares or will be there to help you

[jcojci]

I knew saving money, investment, and diversifying on those books and learned more from other books and articles. You should prepares your future from now on. Success is not for those who studied at school but it is for all who wants.

Those books show the way but we must act if we want to accumulate wealth. Learning and practices will guiding to achieve your goals.

[Fortify]

Growing up as teenagers, there's a book I believe we read even though many of us didn't pay good attention to it's details. This book is titled Rich Dad Poor Dad written by Robert T Kiyosaki and Sharon Lechter.
This book teaches so much about wealth, even to the things and words rich or wealthy fathers teach their children mostly on investments and how to accumulate wealth. It talks about building wealth through investing in assets and even real estate and advocates the importance of financial literacy.

Today I know this topic will take us back to the good old days when we sit with our hands on the reading table holding this book filled with words that it's wisdom can change so much that we see about the current economy.

If you had come across this book and read it, which of the lessons do remember or even hold on to in your daily life and business routine?

A book you believe we read? As teenagers? This book? No, that's just strange. I see adults that stumble across it eventually and it does give useful insights on how you should manage your life but nobody cares or even understands that when you're that young. I definitely recommend these sort of books to people, but teenagers are playing games or watching their favorite streamers, not reading this "heavy" stuff. It's only really when you start earning that you even understand or can relate to a lot of the ideas in the book. I'm all for getting younger generations to arm themselves with this super useful information, but am I deluded into thinking that they're seeking out this book at that age, not really.

[libert19]

... If you had come across this book and read it, which of the lessons do remember or even hold on to in your daily life and business routine?

I do remember coming across this book, and have posted article about it as well, and when I read back that article today, I figure I still remember some of stuff that was mentioned. So profit, I guess?

I don't remember where I pulled that off from tbh, cause I don't remember reading book itself (or was I plagiarist?).

[Sticky Bomb]

Yeah, the most important lesson I learned is that people view financial endeavors from their direction of exposure and why the rich and poor view patterns of acquiring wealth differently. The rich are more open to seizing opportunities and taking calculated risks than the poor who are always afraid to take risks and coats that fear with being cautious.

One very funny decision I made after reading that book is never to accept financial advise or mentorship from a poor man because if he had effective strategies, he would not be poor.

[LogitechMouse]

---
If you had come across this book and read it, which of the lessons do remember or even hold on to in your daily life and business routine?

If you haven't read that book at least once, your not an investor and you're just a regular employee. That book is one of the best-selling books of him, and when you hear the name Robert Kiyosaki, the first thing that comes to our mind is "Rich Dad, Poor Dad"... at least that's what I'm thinking when I think of him because the book really teaches us readers how to handle our money.

It teaches us what are assets and liabilities, it teaches us how money will work for us, it teaches us how to invest into assets as well. Also, it teaches us how to focus more on investing into assets, so that we will not be working our whole life, a bit about tax, and many more. I mean there's many things to learn in this book, when I see that book, the first thing that comes to my mind is "Finding ways to make my money work for me." because for me, that's the whole point of the book. It teaches us how to build assets that will generate income in the future.

As for Robert Kiyosaki as an author though, he still has many books out there to read. I want to read his book named "Fake", but I can't find one on any bookstores here unfortunately.

[MagnificentX]

Yeah, the most important lesson I learned is that people view financial endeavors from their direction of exposure and why the rich and poor view patterns of acquiring wealth differently. The rich are more open to seizing opportunities and taking calculated risks than the poor who are always afraid to take risks and coats that fear with being cautious.

One very funny decision I made after reading that book is never to accept financial advise or mentorship from a poor man because if he had effective strategies, he would not be poor.

The average man today procrastinates even too much and as a result of that loses opportunities that would change his life. Whenever you see them, they always have stories to tell and not the actions.
While the rich knows how much risky it is to not make a move when the opportunity unveils itself and as a result of that always stays ahead of the poor man. This is the same with Bitcoin accumulation, real investors sees every day and dip as a chance and day for  accumulation and profits from it but the man that fears the days Bitcoin dips would miss the opportunity to accumulate because at the end, he will have a story or something to put the blame on.

[julerz12]

If you had come across this book and read it, which of the lessons do remember or even hold on to in your daily life and business routine?

Rich Dad Poor Dad teaches a lot of life lessons, but this one takes the cake for me. Work to learn, not just to earn. This one stuck with me even up until now.

It teaches us to prioritize learning important skills and accept a job that not only pays you but also teaches you something new, something that could potentially be useful to you in the future. Even if that job pays you very low, as long as it challenges you to learn a new skill, you should accept it. This not only will build your knowledge, but it will also make you flexible and give you confidence that enables you to make changes, such as shifting into new career paths or starting your own business.

[MagnificentX]

If you had come across this book and read it, which of the lessons do remember or even hold on to in your daily life and business routine?

Rich Dad Poor Dad teaches a lot of life lessons, but this one takes the cake for me. Work to learn, not just to earn. This one stuck with me even up until now.

It teaches us to prioritize learning important skills and accept a job that not only pays you but also teaches you something new, something that could potentially be useful to you in the future. Even if that job pays you very low, as long as it challenges you to learn a new skill, you should accept it. This not only will build your knowledge, but it will also make you flexible and give you confidence that enables you to make changes, such as shifting into new career paths or starting your own business.

Hmmmmmm! This one hits differently for sure!!

It's one lesson one shouldn't forget in life as it reminds us the necessity to be dynamic and not just stick to one thing. A job is not a job if it does not push you to explore and learn even knew things or even find knowledge about something new. It should be that while working, you are also equipping yourself with a knowledge that's separate from what you already know because one day would come that the extra knowledge would come in handy.

[pawanjain]

Growing up as teenagers, there's a book I believe we read even though many of us didn't pay good attention to it's details. This book is titled Rich Dad Poor Dad written by Robert T Kiyosaki and Sharon Lechter.
This book teaches so much about wealth, even to the things and words rich or wealthy fathers teach their children mostly on investments and how to accumulate wealth. It talks about building wealth through investing in assets and even real estate and advocates the importance of financial literacy.

Today I know this topic will take us back to the good old days when we sit with our hands on the reading table holding this book filled with words that it's wisdom can change so much that we see about the current economy.

If you had come across this book and read it, which of the lessons do remember or even hold on to in your daily life and business routine?

I have heard the stories in the book Rich Dad and Poor Dad from my audiobook app.
It provides great insights on how to manage wealth and gives a whole new view on it.
Although I don't remember the exact stories but when going through it I related to it since I follow the same principles described in it.