Bhasker Bhasker's Key Ideas from Rich Dad Poor Dad - What the Rich Teach Their Kids About Money
by Robert T. Kiyosaki
Ideas, facts & insights covering these topics:
9 ideas
·3.63K reads
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Rich Don't Work for Money;
Rich people think about money differently; they make it work for them.
When life pushes us around, most people react by taking out their frustrations on their jobs or loved ones. However, wise individuals use these challenges as learning opportunities, reflecting on their own views and mistakes.
Believing that problems stem from others keeps us trapped in a cycle of blame. Instead, viewing yourself as capable of handling all situations fosters wisdom and growth.
In the terms of money, most people play it safe because they are afraid of losing it.
32
520 reads
Fear And Greed
Fear stems from worries about affording necessities, handling taxes, or feeling insecure about not having enough money. Greed arises when people have money saved and feel compelled to buy unnecessary items.
31
438 reads
Assets And Liabilities
A liability takes money out of your pocket.
An asset increases the value of your money.
The cash flow patterns of poor, middle-class, and rich people differ based on their assets and liabilities.
Income Sheet:
Income: Money earned from various sources.
Expenses: Money spent on living costs and other necessities.
Balance Sheet:
Assets: Items that increase in value or generate income.
Liabilities: Items that decrease in value or incur costs.
30
400 reads
Bussiness
Be creative in business while excelling (Be innovative in business while doing your job well. Simultaneously, focus on building assets for future growth) in your profession. Improve your assets simultaneously for future growth.
30
388 reads
Finally
Think big to grasp big opportunities. Master the market and uncover insider knowledge.
30
395 reads
IDEAS CURATED BY
Curious about different takes? Check out our Rich Dad Poor Dad - What the Rich Teach Their Kids About Money Summary book page to explore multiple unique summaries written by Deepstash users.
Different Perspectives Curated by Others from Rich Dad Poor Dad - What the Rich Teach Their Kids About Money
Curious about different takes? Check out our book page to explore multiple unique summaries written by Deepstash curators:
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