Rich Dad Poor Dad review – Eric Rivera
Assets VS Liabilities:
This book is really for thinkers…. That want to be rich! Understanding the basic difference between an asset and a liability may seem a little elementary, but, reading this book may change your thinking. One of the main things that I learned from this book is the difference between assets and liabilities. On a simple level, assets make you money. Liabilities cost you money. This even helped me to think differently about small things!
For example; cleaning my car’s interior. I usually don’t make a big deal about food in my car, but after reading Rich Dad Poor Dad I started to see things differently. My car is a liability for now, but when I get ready to sell it, it will be an asset. Thinking about this has caused me to take better care of my car. Robert Kiyosaki would be proud because in his book, he promotes taking action fast! He also explains why knowing a little about a lot is better than knowing a lot about a little.
The Rich invent money
Highlighting a few key nuggets from the book, we can see just how Kiyosaki came to understand financial intelligence. Kiyosaki learned that in order for money to be acquired … Financial freedom must be desired. His rich dad explained how the rich always have a money making plan at the edge of their hand. Some may call this the “gold thumb”… Kiyosaki’s rich dad chose to call it the ability to invent money. Kiyosaki even gives present -day examples of how he still applies this rule today. (I would put it here, but I’d rather you just read the book lol
Work for knowledge not money
This principle caught me off guard. Basically what Kiyosaki focuses on here is the fact that not everyone who has money actually owns it. Some people are owned by their money. Just working for money is a slavish sort of thing. Everyone has bills to pay, but we ought to look for way to learn and advance within the workplace. Most people are the employee and not the employer of their money. Kiyosaki introduced a very important concept of “having your money work for you.” This concept connected with the idea that we should be working for knowledge and using some of it to create money.
Money is Not REAL (yeah it just got real)
When we think of money what we really think of is currency. I personally believe that money is a separate form of power… but that’s neither here nor there. Kiyosaki explained the difference between financial literacy and financial freedom by breaking down the individual, fundamental truths about each subject. Financial Freedom is something that cannot truly be enjoyed unless one has gained financial literacy. Just as a good book is not appreciated until it comes across a good reader. Speaking of good book, be sure to check out my new Instagram page for the book I’m working on right now, entitled The Warrior & The Queen. (Prologue attached>) Instagram For Warrior & Queen book. For more on Rich Dad Poor Dad, I will be holding a group discussion soon. I will post it up here.
The Nugget
The main thing that I took away from this book was the reinforcement of “work smart….not hard.” So many times I look around and see the people that work the hardest get passed up on the promotion. What I got from this book was the ability to bring the promotion to myself. Working smart is not something that is easy to do, but if you truly desire riches- you must learn to work smarter.