Kushal Jain's Key Ideas from Rich Dad, Poor Dad
by Robert T. Kiyosaki
Ideas, facts & insights covering these topics:
6 ideas
·3.09K reads
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10 Of 10 Rule
10 of 10 rule states that one should not spend more than 10% of its net worth on house and not to spend more than 10% of its house value on cars like liabilities. If this is followed by person then he/she will probably not face any money problems.
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708 reads
Rich Vs Poor Mentality
Poor mentality
Poor and middle class firstly spend their incomes on the needs and liabilities. If something left after goes to the investment
Rich mentality
Rich people firstly invest a part of their income and then after spend the left out for need and luxuries.
This thing make a huge difference.
55
535 reads
One Step Away From Poverty
Poor and middle class people remain poor or they are one step away from poverty because they depend on single source of income while the rich mindset people create multiple income streams. They use their available resources to create one income and after setting that works to make other income stream. This cycle repeats that's why they richer by time
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464 reads
Why Financially Literate May Not Develop Cash Flow
The five main reasons financially literate people may still not develop abundant cash flow are:-
- Fear
- Cynicism
- Laziness
- Bad habits
- Arrogance
47
476 reads
Flaws In Education System
- Our education system is designed to teach you to be a good employee not employeer.
- It do not teach the financial literacy at all
- Education is important to be good in professional life and make income but in order to make assets and to be rich in life financial literacy is must
- One may get rich without financial literacy but cannot stay rich for long time
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404 reads
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IDEAS CURATED BY
Curious about different takes? Check out our Rich Dad, Poor Dad Summary book page to explore multiple unique summaries written by Deepstash users.
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