Rich Dad Poor Dad - What the Rich Teach Their Kids About Money - Deepstash

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The Rich Don't Work For Money, They Make Money Work For Them

  • Rich people don't work for money, they hire other people to work for them. Rich people are employers not employees. Every dollar put into there assest colum is like a hard working employee who makes more money for them.

6

17 reads

Asset Vs Liability

  • Assets is something which puts money in your pocket.
  • Liability is something which takes money out of your pocket
  • Rich people focus on building thier asset colum and minimizing their liabilities

6

14 reads

Emotions Are Dangerous

  • Many people make decisions by their emotions and don't use their brain especially when it come to money
  • They buy expensive things because of thier desires and when they run out of money this desire converts into fear.
  • As a result the person works hard and earn more money, so their desires also increases with the money. Then they spend this money on more desires and when they run out of money their desires convert into more fear. And the cycle continues

6

11 reads

Education

  • The most important thing is education. Keep learning something new each day cause KNOWLEDGE IS POWER.

7

11 reads

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CURATOR'S NOTE

4 main take aways from this book

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

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