What this Concept is? - Deepstash
What this Concept is?

What this Concept is?

"Rich Dad, Poor Dad" is a concept that highlights the differences in mindset and financial philosophy between two father figures. The term refers to a situation where an individual has two father figures with different approaches to money and wealth-building. The "rich dad" is typically someone who has achieved financial freedom and has a mindset focused on asset-building, investing, and entrepreneurship. The "poor dad," on the other hand, may be someone who has a more traditional view of money and focuses on job security and the pursuit of higher education.

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"Rich Dad Poor Dad" is a personal finance book written by Robert Kiyosaki that challenges traditional beliefs about money and investing. The author draws on his experiences growing up with two father figures, one of whom was financially successful, and the other who was not. He teaches readers about the importance of financial education, asset-building, and the differences between assets and liabilities. Kiyosaki shares practical lessons and advice on managing debt, building wealth, and developing financial intelligence.

Similar ideas to What this Concept is?

[Rich Dad and Poor Dad] written by Robert T. Kiyosaki Book emphasis on how our mindset shape by our parents' words- and we live a life of pay to pay check. The book, revolved around two Dad's advice one poor and another Rich. And how they talked about money- one say Rich are greedy other say make...

Rich Dad, Poor Dad

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

It reads like an allegorical story about Robert Kiyosaki and his two dads : a “poor dad”, a highly educated college professor & the “rich dad”, a wealthy entr...

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 be...

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