Lessons from "Rich Dad Poor Dad" Book by Robert Kiyosaki

Currently, I am on my reading on a famous book by Robert Kiyosaki @therealkiyosaki entitled "Rich Dad Poor Dad". I think I got such important messages and learning.

I am impressed by the story and learning from the rich dad a.k.a. Mike's Dad in Chapter 2 about a fact that the rich don't work for money but money works for them. How the rich dad gave the lesson to 9-years-old Robert with just paid him 10 cent per hour for working at Mike's Dad Store, then Robert complained and protested about it, blamed Mike's Dad for the little paycheck, which illustrate the same phenomenon of the common adults who work for money and do complaining to their boss and company for the low salary, but not to blaming themselves that cannot make money works for them. Such a good example and illustration for the fact in our lives

For more insight, you all could read the summary on this website link:

https://www.samuelthomasdavies.com/book-summaries/business/rich-dad-poor-dad/

Here are some key notes:

The Book in Three Sentences

1. Rich Dad Poor Dad is about Robert Kiyosaki and his two dads—his real father (poor dad) and the father of his best friend (rich dad)—and the ways in which both men shaped his thoughts about money and investing.

2. You don’t need to earn a high income to be rich.

3. Rich people make money work for​ them.

The Five Big Ideas

1. The poor and the middle-class work for money. The rich have money work for them.

2. It’s not how much money you make that matters. It’s how much money you keep.

3. Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.

4. Financial aptitude is what you do with money once you make it, how you keep people from taking it from you, how to keep it longer, and how you make money work hard for you.

5. The single most powerful asset we all have is our mind.

Rich Dad Poor Dad Lessons

1. Lesson 1: The Rich Don’t Work for Money, but Money works for them

2. Lesson 2: Why Teach Financial Literacy?

3. Lesson 3: Mind Your Own Business

4. Lesson 4: The History of Taxes and The Power of Corporations

5. Lesson 5: The Rich Invent Money

6. Lesson 6: Work to Learn—Don’t Work for Money