This is the Summary of the Best Seller "Rich Dad Poor Dad" by Robert Kiyosaki

It talks about the importance of financial literacy (financial education), financial independence and building wealth through investing in assets, starting and owning businesses, as well as increasing one's financial intelligence.

Rich Dad Poor Dad is about Robert Kiyosaki and his two dads.Don't get me wrong.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.

The Book talks about some real good advices in managing the finance and becoming rich. It's completely about the practicality.

Here are the key differences between the Rich and the Poor

• Saying "I can't afford it" shuts down your brain.That's what always the poor guys do.Even my father told that statement many times.When someone constantly says something like that to us,our brain is gonna adapt that and believes it as true.
  Asking "How can I afford it?" opens up your brain and triggers you to come up with a creative solution.That's what always the rich people with right mindset do.

• Rich guys don't wanna work all their life. They are also working on passive incomes.Like us here 😄. Their ultimate purpose is to be financially free and enjoy each moment of their life. While poor always tries to work hard full of their life and pay the bills.

• Rich guys don't simply aim for more income they also aim for more assets. They make right investments.

• Poor guys try to blindly follow the luxuries.They can be easly manipulated. While Rich one's always try to generate enough cash flow from their assets to cover these expenses. Buy luxuries last, not first.

• Poor people only gives importance to Academic Education while the rich one's also give importance to financial education.

• Rich learns to manage risk while poor tries to play safe. Risk management is essential for having financial freedom.

• There is differences between the definition of wealth between the rich and the poor. That's one of the key thing.
  For poor wealth is
  "Wealth is net-worth: your house, your car, your personal effects.

And finally for Rich it's,

"Wealth is financial freedom: how long you could live if you stopped working today."

• leofinance
• finance
• lifestyle
• rich
• steemleo
• money
• steemit
• planet
• happiness