Book Lounge

Rich Dad, Poor Dad – My Highlights

This book by Robert Kiyosaki is very important and educative. As a curious girl and lover of books, I tried reading this book when I was 12. It looked like a good novel when I picked it up. Not until I got to the first chapter did I realize this was no novel. I didn’t get to read it again until few months ago. Rich Dad, Poor Dad is the kind of book parents should recommend to their children early in life. It is a kind of book that will change your mindset about money.

Our parents did the best jobs in raising us and our teachers also did a great job in teaching us but I think we should have had special lessons about money. The major thing I always heard about it is “money is the root of all evil”, however, they forgot to tell us “money answers all things”. I don’t think any amount of lessons would have actually prepared us for adulthood anyway. Adulthood hit us like

Okay back to money, (forgive me for digressing). Since, we were not taught so much about money, I think it is imperative we teach ourselves about it. I didn’t know how important learning about money was until recently I realized how bad I was with managing money. I just wanted to make a lot of money because well, it answers all things. What I did not understand was if you do not manage the money well, it’s as good as not making a lot of it.

In this book, Robert compared the lessons he learnt from his two dads (wonder why he has two dads?). One dad is biological and the other is adopted. The adopted dad was the rich one. Robert claims he taught him so much about money and that is what has helped him amass so much wealth today.

Below are some of my highlights from the book; Enjoy

There is a difference between being poor and being broke. Broke is temporary, poor is eternal.

Money is one form of power, but what is more powerful is financial education

Life pushes all of us around. Some people give up and others fight. A few learn the lesson and move on. They welcome life pushing them around. To these few people, it means they need and want to learn something. They learn and move on. Most quit, and a few like you fight.

Let me tell you, it is easier to change yourself than everyone else

Be truthful about your emotions and use your mind and emotions in your favor, not against yourself

Just be an observer, not a reactor to your emotions

Never forget that fear and desire can lead you into life’s biggest trap if you are not aware of them controlling your thinking

Human life is a struggle between ignorance and illumination

Keep working boys, but the sooner you forget about needing a paycheck, the easier your adult life will be. Keep using your brain, work for free, and soon your mind will show you ways of making money for beyond what I could ever pay you. You will see things that other people never see. Most people never see these opportunities because they are looking for money and security, so that’s all they get. The moment you see one opportunity you’ll see them for the rest of your life. The moment you do that, I’ll teach you something else. Learn this and avoid one of life’s biggest traps.

I am concerned that too many people are too focused on money and not on their greatest wealth, their education. If people are prepared to be flexible, keep an open mind and learn, they will grow richer and richer despite tough changes. If they think money will solve problems, they will have a rough ride. Intelligence solves problems and produces money. Money without financial intelligence is money gone too soon.

Often in the real world. It’s not the smart who gets ahead, but the bold.

Today, wealth is in information. And the person who has the most timely information owns the wealth

The single most powerful asset we all have is our mind. If it is trained well, it can create enormous wealth seemingly instantaneously.

I want to be with people moving boldly forward, I do not want to be with those left behind

So how do you beat laziness? Once again, the answer is a little greed. It’s that radio station WII-FM, which stands for “What’s in it for me?” A person needs to sit down and ask “What would my life be like if I never had to work again?” “What would I do if I had all the money I needed?” Without that little greed, the desire to have something better, progress is not made. Our world progresses because we all desire a better life. New inventions are made because we desire something better. We go to school and study hard because we want something better. So whenever, you find yourself avoiding something you know you should be doing, then the only thong to ask yourself is. “What’s in it for me?’ Be a little greedy. It’s the best cure for laziness.

DO what you feel in your heart to be right, for you’ll be criticized anyway. You’ll be damned if you do, and damned if you don’t.

Our lives are a reflection of our habits more than our education. 

Arrogant or critical people are often people with low self-esteem who are afraid of taking risks. That’s because if you learn something new, you are then required to make mistakes in order to fully understand what you have learned.

The reason you want to have rich friends is because that is where the money is made. It’s made on information. You want to hear about the next boom, get in and get out before the next bust…… That is what friends are for, and that is financial intelligence.

If you are tired of what you are doing, or you’re not making enough, it’s simply a case of changing the formula via which you make money.

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.

Self-discipline is the number-one delineating factor between the rich, the poor and the middle class

The game of buying and selling is fun. Keep that in mind. It’s fun and only a game. Make offers. Someone might say yes.

These quotes do not convey the entire message contained in the book. There are other important facts contained in this book you need to know more about. He talked about saving, investing and preparing for retirement.

If you have not read the book, get the book and digest all the knowledge in it. Also, It is not a bad idea to read this book again just to refresh your memory and understand it better.

Have you read this book and want to talk about your highlights, do not hesitate to do that in the comment section below.

Don’t forget to share to as many people as possible.

It’s 2020, let’s secure the bag

My name is Mabel. I am an Occupational therapist, who enjoys creating engaging contents. I love partying, eating, travelling and reading. And Oh, I am always available to talk business. Contact me!

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