The novel "Rich Dad, Poor Dad", a summary of which is given in this article, is the best-selling book of Robert Kiyosaki. In it, the author convinces readers that the modern education system does not really provide the person with knowledge about money, about how to earn it. All this leads to the fact that each of us is forced to work for others all our life, not in a position to adequately provide for ourselves. The book is dedicated to the life of the author himself, who was raised by two fathers. One was a poor civil servant, and the second a successful businessman. Young Robert chose the path of a rich father, becoming a wealthy man. Now he shares the secrets of his success.
What is this book about?
The book "Rich Dad, Poor Dad", a summary of which you will find in this article, begins with a discussion of rat race. The author conducts an allegory with routine work that does not allow many people to become truly rich. For most, the hardest thing to overcome is the fear of condemnation by society.
Studying well in order to find a good job later is advice that has long been out of date. In the modern world, hard study does not mean a prosperous life. Of course, you can get a well-paid job, but never make a fortune. Even if you work hard and hard, only the bosses will benefit.
In addition, greed and fear prevent many from getting rich. These feelings are almost always associated with money in people. When they are, everyone begins to think how to spend them, this is greed. And when they disappear, they begin to fear that the money will never return.
If you do not properly manage your finances, then you can let your emotions manage your decisions.
It is necessary to constantly study how it is most profitable to invest money, adequately assess the risks. The book "Rich Dad, Poor Dad" teaches you to do this. You can familiarize yourself with the summary presented in this article to decide whether to read it in full.
Financial literacy
The foundation of well-being is financial literacy. In fact, in order to become rich, it is not at all necessary to be capable and talented. It is important to be able to invest yourself, to understand accounting.
Unfortunately, this is not taught at school. This problem concerns not only young people, but also many adults. Often politically illiterate politicians, because of which there are government debts. A sign of incompetence is the lack of retirement planning.
The first steps on the path to wealth, if you believe the book “Rich Dad, Poor Dad,” which you are currently reading a summary of, should be a realistic assessment of your money and financial self-education.
Risk
To become rich, you need to be able to take risks. This means: do not place money in savings accounts, but invest them in bonds and stocks. You can use other ways of investing, such as mortgage tax certificates, buying real estate.
The risk increases depending on potential profit. You need to understand that there is always a chance to lose all your money, but if you do nothing, you will never get rich.
Be prepared that the path to wealth will be tedious and long. It’s important not to lose motivation. A good way to do this is to spend money on yourself first, and only then pay the bills. So you will understand how much extra money you need. An important feature of successful people is financial self-discipline.
You also need to give up arrogance and laziness. A separate chapter of the motivating work “Rich Dad, Poor Dad” is dedicated to this (you can read the summary of it right now). You need to understand that laziness is not only inaction, but also unwillingness to solve the necessary tasks.
Arrogance should be wary of investing, because a lack of financial knowledge and a bloated ego can lead to collapse.
It is important to invest only in assets. That is, stocks, enterprises, mutual funds, bonds. In that which grows in price and is easily sold.
Own business
The basis of the state is its own business. This is one of the key ideas of the book "Rich Dad, Poor Dad" (a brief summary helped to identify it).
It is worth understanding the difference between business and profession. A profession is something you devote 40 hours a week to cover the necessary expenses. And business is what you invest in so that assets grow.
Do not forget to carefully read the tax code to minimize taxes. Kiyosaki also teaches this in the book “Rich Dad, Poor Dad,” about the contents of which you got an idea from this article.