After going through Rich Dad Poor Dad.
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Rich Dad Poor Dad v.1
What one should take away after reading the book? According to my understanding and some respective sources.
- Understand the difference between assets and liabilities: Assets put money in your pocket, while liabilities take money out. Aim to acquire more assets and reduce your liabilities.
- Invest in real estate: Real estate is one of the best ways to build wealth and create passive income streams. Learn about different types of real estate investments, such as rental properties and REITs.
- Focus on cash flow: Positive cash flow is critical. Increase your income and reduce your expenses.
To be...
4
25 reads
Rich Dad Poor Dad v.1.2
What one should take away after reading the book? According to my understanding and some respective sources.
- Build a business: Starting a successful business can create passive income and build wealth. Focus on being an entrepreneur and developing financial intelligence.
- Develop financial intelligence: Educate yourself on financial concepts, investing, and taxes.
- Take calculated risks: Be willing to take risks and learn from your mistakes.
To be continued.....
4
25 reads
Rich Dad Poor Dad v.1.3
What one should take away after reading the book? According to my understanding and some respective sources.
- Avoid debt that doesn't create assets: Avoid high-interest debt like credit card debt, and focus on debt that can help you acquire assets, like a mortgage for a rental property.
- Learn from successful people: Seek out mentors and read books by successful entrepreneurs and investors.
- Create multiple income streams: Don't rely on a single source of income. Create multiple streams through investments, business ventures, and other opportunities.
To be continued.....
4
23 reads
Rich Dad Poor Dad v.1.4
What can one take away after reading the book? According to my understanding and some respective sources.
- Take control of your financial future: Develop a financial plan and set goals for achieving financial success. Don't rely on others to manage your money.
End of all the points.
Thank you for reading all the points I hope that I have saved some of your time, or kindled your interest to go and read the book.
go and read it yourself, and you may find some more important findings I have missed.
4
26 reads
IDEAS CURATED BY
CURATOR'S NOTE
These Ideas give me a window, from which I can somewhat see the bigger picture. But it's still the tip of the iceberg, go and read it yourself and you may find out more than me, and make sure you understand it.
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