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Rich dad and poor dad

Lessons from rich dad and poor dad

By AashiPublished about a year ago 3 min read
Rich dad and poor dad
Photo by Mathieu Stern on Unsplash

i read rich dad poor dad . i think you're gonna want to now rich dad poor dad by robert kiyosaki has become somewhat of a cliche in the entrepreneurial space along with books
like thinking bro rich in the 4-hour work week well.

i have read lots of books .i read hours per day and usually at a pace of a book every other week which is about two books minimum per month . some books are better than others and some are much much better than others and some are very very bad rich dad poor dad is amongst one of my all-time favorite books and probably had the biggest impacting factor early on in my entrepreneurial and simply just personal finance journey .and even though it is a cliche it is a cliche for a reason rich dad for that is phenomenal so today i'm going to talk about what you're going to learn , what i like about the book and more importantly who it's for with all that information you can decide if rich dad poor dad by robert kiyosaki is worth your time.

let's get in to rich dad,poor dad by robert kiyosaki now the
number one lesson the first thing you learn in this book is the concept of how rich people don't work for money and what i mean by that is that rich people let their money work for them and this whole simple concept basically is that rich people have their money and
investments working for them and poor
people spend their active income on depreciating assets and liability. the rich invest in appreciating assets like a business or real estate and poor people simply don't. let's say a poor person it buys a rolex or a lamborghini right before they buy appreciating assets. well the more liabilities the more depreciating assets you have taking
money out of your pocket. uh you're just
killing your wealth and rich people of course instead of using their active income to buy a lamborghini they use their active income to buy an appreciating asset like real estate and then use the passive income cash flow from that appreciating asset to then pay for the liability like lambo .it's a pretty basic concept but if you haven't heard it before it could be
life-changing alone and they explain it as best i've really ever heard in rich dad poor dad like i said it's kind of a life-changing concept in and of itself you see rich people blowing money all of the time and you think well why can't i
spend my money well intelligent wealthy
investors. only are blowing money off of the
passive income generated through income producing assets. if you land a high-paying job you're working a nine-to-five you're actively working for your income and you blow it on a lambo .that's not good and like i said the book talks about how you don't do that unless you actually have that money .from passive income rich people let their money work for them and poor people work for money and also rich said poornad not only promotes the idea of not working for money and having your money work for you is also working for learning continuously learning new ways to invest more and more intelligently and efficiently will create an unstoppable wealth building machine years ago i

the book is literally microscopic so you're going to blow through this in a day if you want to it only took me a couple days to read this and spending a few hours investing your time into this book will be one of the best investments you will have ever made in your personal and business career. if going to learn something about this if you know nothing about personal finance and business. your life is going to be transformed by this and if you work in nine to five and don't care about getting rich.

well this book is still for you timeless evergreen lessons for everybody. who earns a dollar which is everybody so that's who this book is for anybody all walks of life no matter who you are pick it up it's a cheap book. just thoughts on rich dad poor dad .yes i do think it's worth your investment . say i don't recommend because there are a lot of bad books out there that are just simple cash grabs and this is not one of them there's a reason it's a cliche and it's well deserved

book review

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Aashi

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    AashiWritten by Aashi

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