Rich Dad Poor Dad, is in the top #104 of best seller on amazon (today :-) ). This book tells the story of Robert Kiyosaki and his two dads—his real father and the father of his best friend, his rich dad—and the ways in which both men shaped his thoughts about money and investing.

 

Lesson #1 The Rich Don’t Work for Money
Lesson #2 Why Teach Financial Literacy?
Lesson #3 Mind Your own Business
Lesson #4 The History of Taxes and the Power of Corporations
Lesson #5 The Rich Invent Money
Lesson #6 Work to Learn Don’t Work for Money

 

“Unfortunately, for many people, school is the end, not the beginning.” (rich dad talking)

 

What is assets and liabilities ?

 

If I want to increase my expenses, I first must increase my cash flow from assets to maintain this level of wealth. Take notice that it is at this point that I no longer am dependent on my wages.

 

As part of your overall financial strategy, we strongly recommend owning your own corporation wrapped around your assets.

 

When you know you are ignorant in a subject, start educating yourself by finding an expert in the field or find a book on the subject.

 

INVEST FIRST IN EDUCATION: In reality, the only real asset you have is your mind, the most powerful tool we have dominion over.

(…)

You can watch MTV all day, or read golf magazines, or go to ceramics class or a class on financial planning. You choose.

 

If you have read this far, arrogance is not one of your problems.

 

In today’s fast-changing world, it’s not so much what you know anymore that counts, because often what you know is old. It is how fast you learn. That skill is priceless.

 

With each dollar bill that enters your hand, you and only you have the power to determine your destiny. Spend it foolishly, you choose to be poor. Spend it on liabilities, you join the middle class. Invest it in your mind and learn how to acquire assets and you will be choosing wealth as your goal and your future.