10 Lessons From RICH DAD, POOR DAD.

PAY YOURSELF FIRST

BUY LUXURY LAST, NOT FIRST

REDUCE EXPENSES AND LIABILITIES

AIM FOR MORE VALUABLE ASSETS

BE IN CONTROL OVER YOUR EMOTIONS

WORK TO LEARN, DON'T WORK TO EARN

YOU BECOME WHAT YOU STUDY - READ A LOT

REINVEST EXCESS CASH GENERATED BY ASSETS

SURROUND YOURSELF WITH PEOPLE SMARTER THAN YOU

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.”

Rich Dad, Poor Dad

Pratik Kamble