#Rich dad poor dad cashflow how to#

вЂњThe number-one expense for most people is taxes.вЂќ вЂњMost people donвЂ™t understand why they struggle financially because they donвЂ™t understand cash flow.вЂќ вЂњCash flow tells the story of how a person handles money.вЂќ вЂњMoney often makes obvious our tragic human flaws, putting a spotlight on what we donвЂ™t know.вЂќ вЂњIlliteracy, both in words and numbers, is the foundation of financial struggle.вЂќ A liability takes money out of your pocket. вЂњYou must know the difference between an asset and a liability, and buy assets.вЂќДЄn asset puts money in your pocket. вЂњIntelligence solves problems and produces money.вЂќ вЂњThinking that a job makes you secure is lying to yourself.вЂќ вЂњSo many people say, вЂOh, IвЂ™m not interested in money.вЂ™ Yet theyвЂ™ll work at a job for eight hours a day.вЂќ вЂњPeopleвЂ™s lives are forever controlled by two emotions: fear and greed.вЂќ вЂњMoney comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth.вЂќ вЂњThere is a difference between being poor and being broke. Lesson 6: Work to Learn-DonвЂ™t Work for Money.

Lesson 4: The History of Taxes and The Power of Corporations.Lesson 2: Why Teach Financial Literacy?.Lesson 1: The Rich DonвЂ™t Work for Money.The single most powerful asset we all have is our mind.

#Rich dad poor dad cashflow how to#

Financial aptitude is what you do with money once you make it, how you keep people from taking it from you, how to keep it longer, and how you make money work hard for you.The poor and middle class acquire liabilities that they think are assets. ItвЂ™s not how much money you make that matters.

The poor and the middle-class work for money.

You donвЂ™t need to earn a high income to be rich.

Rich Dad Poor Dad is about Robert Kiyosaki and his two dads-his real father (poor dad) and the father of his best friend (rich dad)-and the ways in which both men shaped his thoughts about money and investing.

(Includes exercises not included in the post.) The Book in Three Sentences Free Download: Download a free PDF version of this book summary.