“Poor dad” vs "Rich Dad" Mentality - Deepstash
“Poor dad” vs "Rich Dad" Mentality

“Poor dad” vs "Rich Dad" Mentality

The “Poor dad”, a stereotype for the regular salary man, believes that one should work for money as an employee at a stable job. This mentality can trap a person into working a job they don’t love, but is willing to stick with because they have to pay the bills.

The "Rich dad", an entrepreneur, thinks wealth comes from experience-based learning (learn on the job, by becoming an entrepreneur) and multiple income streams.

When the “poor dad” encourages working your way up the ladder, “rich dad” laughs and says, “Why not own the ladder?”

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"You have to go broke three times to learn how to make a living." ~ Casey Stengel

The idea is part of this collection:

The Psychology of Money

Learn more about moneyandinvestments with this collection

How to develop a healthy relationship with money

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