Top insights from the book “Rich Dad, Poor Dad”
The book ‘Rich Dad, Poor Dad’ written by the author Robert Kiyosaki is a pure classic in the genre of self-improvement and financial discipline. It was written with the aim to teach readers how to get out of the rat race, learn how to seize opportunities and find solutions to grow beyond the average.
Now, while we do encourage everyone to read this amazing book for themselves, we also realize that not many have the time to do so. So, if you are one among them, fret not because we have boiled down the top 3 most important insights from the book ‘Rich Dad, Poor Dad’ just for you! Here they are:
Don’t Work To Build Wealth, Make Wealth Work For You Instead
Rich people make their money work for them whilst the poor continue to work for money. We know this lesson has been reiterated over a million times by thousands of different people, however, it is absolutely true. Talk to any self-made businessman and he’d tell you the same.
Rich people don’t exactly do very well when they are working for someone else. Hence, they often tend to bail out of their whole employment phase early so that they can become employers themselves. Now, in the case of poor people, it has been observed they are very comfortable slaving away their entire lives working for someone else. This way they fail to generate any wealth of their own.
Saving Money Is More Important Than Making Money
This is another example of a classic ‘Personal Finance 101’ advice from the book Rich Dad, Poor Dad. We know this same advice has been repeatedly drilled into your head by many. But, have you ever paused to think about how significant it is? Probably not.
Most people concentrate on spending their money first and saving whatever is leftover. According to Robert Kiyosaki, this is the easiest way to remain poor indefinitely. One must only spend what is left over after he or she has tucked away a significant portion of the accumulated wealth as savings. Doing this will help you inculcate financial literacy and you will definitely be one step closer to becoming rich!
Big Mindset Changes Create Wealth Faster
Creating wealth takes time and it can often plunge you into several negative thoughts. Robert Kiyosaki in the book Rich Dad, Poor Dad mentions how it is important that one makes several big shifts in mindset in order to create wealth.
You need to be positive about your future outcomes and believe in your inner potential wholeheartedly. You have to learn how to stick to your decisions no matter what. It could be deciding to invest 50% of your net income every month or simply saving more than you generally used to before. The point that we are trying to make here is, changing your lifestyle for the good helps you create wealth faster!
This sums up the key lessons that we have derived from Robert Kiyosaki’s Rich Dad, Poor Dad. Now, let us know how soon are you planning to take hold of your own finances to create your dream life?
