Mezzopianist

Tuesday, July 03, 2007

Intro Summary of Rich Dad Poor Dad

Quite an informative book by Robert T. Kiyosaki with Sharon L Lechter

Lesson 1: The rich don't work for money
- When not being paid at work, use imagination to identify an opportunity to make money
- Make money work for us
- Control fear and desire.
- Use emotions to your advantage. Avoid having emotions to do the thinking
- Avoid ignorance as it intensifies fear and desire
- Ignorance sets in when a person stops searching for information & knowledge of one's self

Lesson 2: Why teach financial literacy?
- In life, it's about how much money one can keep
- Intelligence solves problems, not more money
- Assets generate income to cover expenses
- Keep liabilities and expesnses low

0 Comments:

Post a Comment

<< Home