Aim to build sources of passive income, like investments or businesses that generate money without constant effort.

Build Passive Income

"Success is not about working hard. It's about working smart."

Rich Dad explains the difference between good debt (investments that make you money) and bad debt (expenses that don't).

Good Debt vs. Bad Debt

Take responsibility for your financial future and don't rely solely on others or external factors.

Be Financially Responsible

"Rich Dad Poor Dad" is a book that compares the money philosophies of two dads: the author's real dad (Poor Dad) and a mentor (Rich Dad).

Robert T. Kiyosaki

Don't be afraid to take smart risks and learn from mistakes for financial growth

Take Calculated Risks

Instead of working just for a paycheck, strive for financial independence and avoid getting stuck in the "rat race.

Break the "Rat Race

Save money, but also invest in opportunities to make your money grow over time

Save and Invest

The book encourages learning about money, investing, and how the financial world works to make informed decisions.

Learn about Money

Rich Dad suggests starting a business or investing to create more income streams, rather than relying solely on a job

Start a Business

Rich Dad teaches that it's crucial to think about making money work for you, while Poor Dad believes in job security and a steady paycheck.

Think about Money

Although we have been successful in our careers, they have not turned out quite as we expected. We both have changed positions several times-for all the right reasons-but there are no pension plans vesting on our behalf. Our retirement funds are growing only through our individual contributions. Michael and I have a wonderful marriage with three great children. As I write this, two are in college and one is just beginning high school. We have spent a fortune making sure our children have received the best education available. One day in 1996, one of my children came home disillusioned with school. He was bored and tired of studying. “Why should I put time into studying subjects I will never use in real life?” he protested. Without thinking, I responded, “Because if you don't get good grades, you won't get into college.” “Regardless of whether I go to college,” he replied, “I'm going to be rich.”

Discover the world of business and economics.

economics

Economics

moneyandinvestments

Money & Investments

entrepreneurship

Entrepreneurship

startup

Startups

books

Books

Kiyosaki is best known for his book Rich Dad, Poor Dad, the #1 New York Times bestseller. Kiyosaki followed with Rich Dad's CASHFLOW Quadrant and Rich Dad's Guide to Investing.

ROBERT T. KIYOSAKI

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