8 Powerful Lessons from "Rich Dad Poor Dad":
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1. You need Financial Education
Most students leave school with zero financial skills.
They learn how to make money but have no idea how to make more money from their money or how to spend it.
You need financial education to take charge of your money.
Most students leave school with zero financial skills.
They learn how to make money but have no idea how to make more money from their money or how to spend it.
You need financial education to take charge of your money.
2. Difference between the Rich and Poor
Rich:
1st - Needs
2nd - Investments
3rd - Wants
Poor:
1st - Wants
2nd - Needs
3rd - Investments
This is the only reason the rich have their money work for them and why the poor and middle-class work for their money.
Rich:
1st - Needs
2nd - Investments
3rd - Wants
Poor:
1st - Wants
2nd - Needs
3rd - Investments
This is the only reason the rich have their money work for them and why the poor and middle-class work for their money.
3. Change Yourself
Accept that you are the problem instead of blaming your family for not being rich.
When you realize youβre the problem your environment changes.
You can change yourself by following this simple step-by-step framework.
Accept that you are the problem instead of blaming your family for not being rich.
When you realize youβre the problem your environment changes.
You can change yourself by following this simple step-by-step framework.
4. Use Accounting to keep your Money
Accounting is the most important subject if you wanna be rich.
Assets: Put money in your Pocket
Liabilities: Takes money out of your Pocket
Rich people acquire assets while Poor are busy fulfilling their needs by acquiring liabilities.
Accounting is the most important subject if you wanna be rich.
Assets: Put money in your Pocket
Liabilities: Takes money out of your Pocket
Rich people acquire assets while Poor are busy fulfilling their needs by acquiring liabilities.
5. How taxes benefit the Rich
Historically the poor and middle class voted taxes to only tax RICH.
Instead of punishing the rich, taxes punish the poor and middle class.
The poor are taxed before expenses but the rich have a corporation that's taxed after expenses.
Historically the poor and middle class voted taxes to only tax RICH.
Instead of punishing the rich, taxes punish the poor and middle class.
The poor are taxed before expenses but the rich have a corporation that's taxed after expenses.
6. Donβt confuse your Profession with your Business
You first work for your boss then for the government through taxes and finally for the bank that owns their mortgage.
But forget to increase your asset column.
You can keep your day job and put your money into assets.
You first work for your boss then for the government through taxes and finally for the bank that owns their mortgage.
But forget to increase your asset column.
You can keep your day job and put your money into assets.
7. Your mind is your most valuable Asset
100 years ago industry was wealth.
Today information is wealth.
Train your mind how to:
β’ Leverage money
β’ Find opportunities
β’ Hire intelligent people
Take calculated risks with an informed decision.
100 years ago industry was wealth.
Today information is wealth.
Train your mind how to:
β’ Leverage money
β’ Find opportunities
β’ Hire intelligent people
Take calculated risks with an informed decision.
8. Generalist over a Specialist
Specialization is for salarymen not for the riches.
Work to learn not to earn.
Robert recommends you find jobs that develop your communication, sales, and marketing skills.
These skills are each necessary for creating wealth.
Specialization is for salarymen not for the riches.
Work to learn not to earn.
Robert recommends you find jobs that develop your communication, sales, and marketing skills.
These skills are each necessary for creating wealth.
Do you struggle with basic discipline?
Do you feel miserable and full of self-hatred because of the choices you make?
Do you want more out of life?
The only solution you need is a CHAD MINDSET
Become a Chad today:
gumroad.com
Do you feel miserable and full of self-hatred because of the choices you make?
Do you want more out of life?
The only solution you need is a CHAD MINDSET
Become a Chad today:
gumroad.com
You have reached the end!
Thank you for reading!
I hope this thread was able to add 1% value to your life ππ»
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Thank you for reading!
I hope this thread was able to add 1% value to your life ππ»
If you want to see similar content then:
β Like and retweet the first tweet
β Follow me @TheLifeStyler_1
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