Financial Advisor

January 29, 2023

7 critical lessons I learned from the book "Rich Dad Poor Dad"

1.  The single most powerful asset we all have is our mind. If it is trained well, it can create enormous wealth.

2.  Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.

3.  So many people say, ‘Oh, I’m not interested in money.’ Yet they’ll work at a job for eight hours a day.

4.  The philosophy of the rich and the poor is this: the rich invest their money and spend what is left. The poor spend their money and invest what is left.

5.  Success is a poor teacher. We learn the most about ourselves when we fail, so don’t be afraid of failing. Failing is part of the process of success. You cannot have success without failure.

6. To be a successful business owner and investor, you have to be emotionally neutral to winning and losing. Winning and losing are just part of the game.

7.  Don’t be addicted to money. Work to learn, don’t work for money. Work for knowledge.

Thanks for reading