Rich Dad Poor Dad

Control fear and Desire

Fear: How to Live without money

Desire: Rich, want more money, want to buy more expensive things, so, more feel money important, more afraid of no money, so, become rich, not to eliminate the fear of no money and the desire for more money.

Money works for us.

The author by opening the Reading room, when we are not at that time, we also earn money, this is to work for us (money to give money)

Financial knowledge

It's not how much you earn, but how much money you leave and how long you stay.

What is the difference between assets and liabilities?

Asset: Put the money in your pocket

Liabilities: Money taken from your pocket

Cash flow, the direction of money flow

1. Cash flow for the poor

2. Middle-Class cash flow

3. Cash flow for the wealthy

4. The balance sheet of the middle class

5. Balance sheet for the wealthy

6. Why does the middle class work

Definition of a good asset

1. Businesses that do not require me to be present, I own them, but are operated and managed by others, and if I have to work there, it is not my career but my career.

2. Stock

3. Bonds

4. Mutual funds

5. Real estate that generates revenue

6. Royalties (e.g. music, manuscripts, patents, etc.)

7. Anything else that is valuable, generates revenue or has a value-added potential and is well-marketed.

Pay attention to your career

Work is not a career, is a career

The center of the business is the asset

Real assets.

Young people find work to see what they can learn from work, not how much money they earn from work (wages)

Rich Dad Poor Dad