Lessons from Rich Dad and Poor Dad

Lesson from Rich Dad and Poor Dad

Introduction

Rich Dad represents the independently wealthy views on work and money. Poor Dad represents the traditional view on work and money. 

Key Lessons

The poor and the middle-class work for money. The rich have money to work for them. The rich dad says, "Money works for me"

Every dollar that you have not invested is a dollar that does not work for you. Think of each dollar as your employee that can work twenty-four hours a day.

It’s not how much money you make that matters. It’s how much money you keep.

Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.

The money without financial intelligence is money soon gone. Financial intelligence is key. Always develop it.

Working all your life for someone else can lead to financial struggle.