Anything that takes money out of your pocket (e.g., personal residence mortgage, car loans, credit card debt). Financial IQ The combination of four broad areas of expertise:
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This chapter covers creativity and financial opportunity. Kiyosaki asserts that wealth is created in the mind and that financial genius requires a combination of technical and creative skills. "The rich invent money" by finding hidden opportunities in the market, often where others see none. This lesson urges readers to think like an investor, spotting deals and solving problems in a way that turns them into profitable ventures. Anything that takes money out of your pocket (e
The book is structured as a series of parables contrasting the financial advice Kiyosaki received from his biological father (Poor Dad) and his best friend’s father (Rich Dad). Rich Dad Poor Dad Book Summary - Elearnmarkets Kiyosaki asserts that wealth is created in the
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For the first time in his life, he was honest. He moved his house and car to the right side (Liabilities). He moved his paltry savings to the left. The gap was terrifying.
Kiyosaki sets the stage by introducing his two fathers. One believed in job security; the other believed in financial freedom. The lesson: Being good at your job doesn’t guarantee financial success. The mindset regarding money is the true differentiator.