Rich Dad Poor Dad | Robert Kiyosaki

The main reason that over 90 percent of the American public struggles financially is because they play to not lose. They don’t play to win.

Robert Kiyosaki
rich dad poor dad

Rich Dad Poor Dad | Robert Kiyosaki

If your still wondering what the difference between an asset and a liability or what leverage is, I’m not sure how you stumbled across the FIRE community, but this book will clear it up for you.

I read this book before I started investing and whilst it doesn’t give you specific advice in how to invest and start buying income producing assets, it really ignited a fire in my belly which drove me to eventually discover the FIRE community and the amazing benefits of passive income.

Rich Dad – Poor Dad is written by Robert Kiyosaki. He is a pretty accomplished author and investor, and was made famous for this stylised work of fiction that really hammers home important financial and life lessons of investing in assets and businesses, including the use of leverage.

If your still wondering what the difference between an asset and a liability or what leverage is, I’m not sure how you stumbled across the FIRE community, but this book will clear it up for you.

I read this book before I started investing and whilst it doesn’t give you specific advice in how to invest and start buying income producing assets, it really ignited a fire in my belly which drove me to eventually discover the FIRE community and the amazing benefits of passive income.

Rich Dad Poor Dad helps you develop the correct mindset and burning desire for success in building wealth and financial freedom through the story of a young boy who grows up with two Dads; A rich Dad, and a poor Dad. While he loved both of his Dads and they both had a huge impact on his life, both were incredibly different in handling finances.

One of Kiyosaki’s Dads is a highly successful academic, who drives an expensive car with a large beautiful house in an expensive suburb. He is conservative and doesn’t take risks with his finances. He is also the Poor Dad.

Kiyosaki’s Rich Dad instead focuses on building wealth through businesses (where he doesn’t trade his time for money), living below his means and acquiring assets that produce income, instead of liabilities like flashy cars and houses. Kiyosakis Rich Dad is actually the father of one of his childhood friends, who takes him under his guidance and mentors him as he grows up.

Although a fairly controversial and often heavily criticized book, Rich Dad Poor Dad is a modern classic of personal finance and is a best seller, having sold over 30 million copies. Its most important lesson is to start getting rid of your liabilities and start buying productive assets today!

You may be able to borrow this for free from your local library, but if you want a copy for yourself or to give someone, you can get the book pretty cheap online

Check it out on Amazon here, listen to it through Audible or buy it from Australia’s local bookstore Booktopia

CaptainFI

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