Key lessons for becoming a "Rich Dad" - Deepstash

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Key lessons for becoming a "Rich Dad"

According to Kiyosaki in his book "Poor Dad, Rich Dad", rich people do certain things poor people don't:

  1. The rich buy assets (things that generate revenue like bonds), not liabilities (things that cost money like rent).
  2. The rich become financial literate through experience, not by studying hard at fancy schools.
  3. The rich learn to sell early on.
  4. The rich manage fear better. They take more risks and don't play it safe.

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MORE IDEAS FROM THE SAME ARTICLE

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.

"Rich Dad, Poor Dad" is a best-selling personal finance book, written by Robert T. Kiyosaki and Sharon L. Lechter.

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