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Summary: Rich Dad, Poor Dad E-Book

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Beschreibung

The must-read summary of Robert Kiyosaki and Sharon Lechter's book: "Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money - That the Poor and Middle Class Do Not!" 

This complete summary of the ideas from Robert Kiyosaki and Sharon Lechter's book "Rich Dad, Poor Dad" shows that what is in your head ultimately determines what is in your hands: if you want to improve your circumstances, you need to change the way you think. This summary highlights the importance of educating yourself and developing financial intelligence by spending time with successful people, reading books, and attending seminars. All in all, this summary shows that your life will be more rewarding and more fulfilling if you just take the time to learn and think about where you’re heading.

Added-Value of this summary: 
• Save time 
• Understand the key concepts 
• Expand your business knowledge

To learn more, read "Rich Dad, Poor Dad" and discover that the path to financial wealth does not lie in playing it safe. It’s far more important to play it smart.

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Seitenzahl: 36

Veröffentlichungsjahr: 2013

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Book PresentationRich Dad, Poor Dad by Robert Kiyosaki and Sharon Lechter

Summary of Rich Dad, Poor Dad (Robert Kiyosaki and Sharon Lechter)

Book PresentationRich Dad, Poor Dad by Robert Kiyosaki and Sharon Lechter

Book Abstract

MAIN IDEA

It’s what’s in your head that ultimately ends up determining what’s in your hands.

Therefore, if you want more money, change the way you think. That will automatically change the way you act, which in turn will impact on the results you achieve. It all starts in the mind – successful people invariably start small and build from there. The same applies in every area of making money. The key is not how big you are when you get going – it’s the ideas that you’re harnessing. Take the time to find the best ideas and you can ride it all the way to whatever level of financial achievement you decide upon. Nobody else chooses for you – it always come down to what you decide.

Above all, educate yourself. Develop financial intelligence. Spend time with successful people. read books, attend seminars and learn how to make money work for you. Your life will be more rewarding and more fulfilling if you just take the time to learn and think about where you’re heading.

The path to financial wealth doesn’t lie in playing it safe. It’s far more important to play it smart.

Important Note About This Ebook

This is a summary and not a critique or a review of the book. It does not offer judgment or opinion on the content of the book. This summary may not be organized chapter-wise but is an overview of the main ideas, viewpoints and arguments from the book as a whole. This means that the organization of this summary is not a representation of the book.

Summary of Rich Dad, Poor Dad (Robert Kiyosaki and Sharon Lechter)

Lesson 1: Instead of working for money, create ways to make money work for you.

Main Idea

A job is really a short term solution (getting enough money to pay the bills) to a long-term challenge (building your net worth). Yet many people get locked into such high expenditure habits they are forced into continuing to work for someone else all their lives.

Those who build high net worths, however, realize the key is not how much they are paid – it’s finding ways to make their assets work for them generating additional wealth irrespective of what they do with their own personal time.

Supporting Ideas

An astute financial strategy is to start a business that will generate money even when you’re not physically there. The majority of people, however, are so focused on what they’re paid that they miss all the opportunities to achieve this goal.

This creates a couple of paradoxes:

The majority of people work for someone else because it makes them feel safe and secure. In other words, they’re working out of fear of not being able to pay their bills. By contrast, the people in society who are paid the most are often so wealthy they don’t have to work to pay their bills – they work because they are passionate about whatever it is they are doing.Most people who are paid more money for their work end up getting into more debt rather than building their net worth. Their expenses rise as their income rises, because of all the desires they have.

The key to overcoming these paradoxes is to learn how to make money work for you, instead of looking at a job or even a career as a way to earn money. If you can achieve that, you start to make fear and desire work for you instead of against you.

Ignorance intensifies fear and desire. Instead of thinking with your emotions, learn how to use your emotions to think creatively. Choose what to think about rather than react to your emotions and you lay a good foundation to move ahead.

Key Thoughts