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Rich Dad Poor Dad by Robert T. Kiyosaki

Book Review: Rich Dad Poor Dad by Robert T. Kiyosaki. Rich Dad Poor Dad Book Summary, 5 things the author didn't tell you about "Rich Dad Poor Dad".
Book Review: Rich Dad Poor Dad by Robert T. Kiyosaki 

The book I want to introduce today is so famous and that is Rich Dad Poor Dad by Robert T. Kiyosaki, how big is it? Almost no one knows about my colleagues and friends.

The official sales data is that the total global sales volume exceeds 35 million copies. The book has topped the New York Times bestseller list for 6 consecutive years.

To this, I just want to say: Awesome my brother!

However, I only read it recently, and it's really an afterthought, no wonder I'm still so poor.

Buffett once said this: "How much wealth you can accumulate in your life does not depend on how much money you can make, but how you invest and manage your money. 

Money finds people better than people find the money. You must understand that money works for you, not you. Work for the money.” This shows the importance of financial management.

Understand that money works for you, not you work for money. This sentence is the core point of this book, but before we get to the point, let us first understand the author's "rich dad" and "poor dad".

Book: Rich Dad Poor Dad by Robert T. Kiyosaki


About the author: Rich Dad Poor Dad by Robert T. Kiyosaki

Robert T. Kiyosaki is a Japanese-American, investor, and educator; Sharon L. Lechter is a certified public accountant and consultant. They hope to awaken and enhance people's " financial intelligence " through best-selling books and training seminars, and these concepts are the missing courses in the existing education system.

​About this book: Rich Dad Poor Dad by Robert T. Kiyosaki

The author of this book, Robert Kiyosaki, has two fathers: "Poor Dad" is his biological father, a highly educated education official; "Rich Dad" is the father of his good friend, an entrepreneur who has not graduated from high school but is good at investing and financial management.

The author follows the life path designed for him by "Poor Dad": to go to college, serve in the military, participate in the Vietnam War, and go through ordinary early life. Until 1977, Kiyosaki witnessed the "poor dad" who had worked hard all his life lose his job, and the "rich dad" became one of the richest people in Hawaii. 

Kiyosaki resolutely followed the footsteps of a "rich dad" and stepped into the business world, and since then he has boarded the rich express train.

The author was fortunate enough to catch up with the good times of America's economic upswing (for someone with high financial intelligence, no matter the economic environment, money can work for him), and his early wealth was built mostly through buying and selling real estate and investing in small businesses. In times of economic downturn, authors shift gears to uncover new opportunities. 

He first invests in assets and then generates cash flow from assets to satisfy his luxury material needs. Through his " material desires ", he motivates himself to find ways to make money; at the same time, he increases the pressure of " debt due and unpaid " by " satisfying himself first " and stimulating his potential. Today, the author has invested in the global layout and obtained wealth.

Content overview

The book is divided into three parts, a total of 10 chapters. 

The book tells about the author Kiyosaki's growth experience under the combined influence of " rich dad " (his friend's dad) and " poor dad " (actually not poor, poor dad has achieved a high position in the government education system), also cited the examples of many of his friends, aiming to illustrate the importance of using the mind to improve financial quotient and putting it into action.

In the face of completely different suggestions from the two fathers, he chose his own life path through independent thinking and practice: from " minting coins " in his student days, to learning driving and management in the military, to entering large enterprises to engaging in sales ... step by step Exercise and improve your various abilities and stimulate your financial quotient potential.

What kind of book is Rich Dad Poor Dad?

"Rich Dad, Poor Dad" is an investment and financial bestseller that has been on the charts for a long time and even has a 20th-anniversary edition. The author of this book is Japanese-American entrepreneur Robert. Robert Kiyosaki, the rich dad series of books has been translated into 51 languages ​​worldwide and sold more than 41 million copies.

Author Robert Kiyosaki grew up in Hawaii, and his financial values ​​were guided by two fathers, his biological father, " Poor Dad," and his neighbor's father, " Rich Dad ." Two dads have very different views on money, and Robert Kiyosaki lets readers revisit this memory with him through the story of one poor and one rich.

The narrative style of this book is very fascinating. It starts with the author's childhood story and talks about his various experiences of going out of society and starting a business. 

The book challenges ordinary readers to receive financial education from " middle-class families ", and describes the " rich " thinking mode in the tone of a rich dad. I have even heard many people call this book a book of financial enlightenment.

Why should I read this book?

In my opinion, the most important role of books is not to tell us what to do but to teach us to make choices, to let us know what to choose and what not to choose, and Rich Dad Poor Dad is such a book.

Rich Dad Poor Dad author Robert Kiyosaki had two dads:

A father, smart and learned, with a Ph.D., is a highly educated education official but has been in financial difficulties for many years

A dad, who didn't even finish eighth grade, left a fortune to his family, charities, and church to become one of the richest men in Hawaii.

Both dads are successful, charismatic people, yet their financial successes are very different, and they both give the author a lot of meaningful advice, and their advice is very different, that's why what?

The author spends a lot of time in the book thinking about why there are two very different proposals, why they do it, what the thinking behind it reflects, and so on.

Book Summary: Rich Dad Poor Dad by Robert T. Kiyosaki

When I was working, a friend who was very good at financial management bought 7 or 8 suites before 2008, so after 2008, when the housing prices soared, he rented out several of them. The monthly rent received was several times his already high salary. They would chat and say: If you want to get rich, you can't rely on work.

After working for so many years, because of the nature of work, I have seen many companies and contacted many entrepreneurs, so I often have opportunities that are not often found in other occupations. In the process of dealing with entrepreneurs, I look at wealth from the perspective of entrepreneurs, Combined with the idea of looking at wealth as an ordinary employee, many ideas have found resonance in this book.

1. Positive outlook on wealth. 

Many of my classmates and I followed the path set by the author's poor father, became high-achieving students all the way, and finally got a degree recognized by society, but in this process, the concept of wealth was not clear. At the time of graduation, I felt that I could get an offer of 100,000 a year and I was simply satisfied. 

This is really what the author said: So many talented people are underpaid. Only when we entered society did we realize that this ideal was actually insignificant compared to the hard work we had put into our studies. We actually spared a big circle, thinking of being a quality talent, finding a glamorous career, and earning a good salary.
But in the final analysis, the endpoint is still a good income. If you put your talent and energy directly into the goal of making money, you may find the most direct path forward at a different speed. Several of my classmates understood this very early. When they were in school, they directly started a clothing company. Now they are on the road to realizing financial freedom.

2. Work does not produce wealth. 

The so-called work cannot generate wealth, it is relative. Work does not give workers wealth commensurate with the value they actually create. Marx explained this very incisively in "Das Kapital". 

The laborers sell undifferentiated labor, but the capitalists pay the laborers much lower than the actual value of general labor, thus exploiting the laborers' surplus value... 

Aside from the class nature point of view, the above theory is also valid in the actual operation of the company. If the laborers cannot bring additional value to the enterprise, why should the company hire these people? 

Even those occupations with higher incomes, such as lawyers, doctors, and investment banks, get higher incomes because they have some hard-to-obtain knowledge and skills, but relative to the value they create, they are relatively low.

Therefore, how to correctly price your labor and get the due return for all your efforts?

The author's point of view is to "Mind your own business" and encourage people to devote energy to doing things that are beneficial to their wealth growth, such as starting a company, doing industrial investment, financial investment, etc. 

These methods may not be suitable for real social ecology, but the point is important: work can cause people to fall into a rat race, and life enters a cycle of paying bills to support their families.

3. the correct consumption concept. 

The author said that people all have desires. Because of greed, they have to work and satisfy their material desires, but material satisfaction can only be temporary, and their appetites will increase, so they want more. I think that's an accurate exposition of human nature. The question is, what is the difference between the consumption of the poor and the rich?
Take my colleague as an example. He went on a trip abroad and spent more than 400,000 dollars on shopping. This is enough for three to four ordinary families for a year, but it is not a burden for him. The rent and the income brought by the purchase of financial assets are much more than this, so in the same year, he bought himself a luxury car. 

I also know some girls who have just graduated a year or two. They spend two or three months frugally, just to buy an LV bag for themselves, and then they are reluctant to put them on the security check machine when they cross the subway for fear of getting dirty. 

This is the difference between the consumption of the rich and the poor: the rich do not have to consider the impact on their financial situation, while the poor do the opposite, buying luxury goods and the like to create the illusion of their own purchasing power. Think about it from another angle. If it is not the second generation, everyone is poor. 

At this time, save more money and use it for investment, whether it is to improve your comprehensive ability or to buy real estate or financial products, not for consumption. , ten years later, the results are completely different. Consumed products may have been lost physically long ago, and the joy they brought has long since passed. If you invest, it may be a small fortune at this time.

4. Give up the illusion of finding a safe occupation. 

Of course, the author is talking about capitalism of all evils. No company can last forever, and no company can guarantee that you will not leave one day. In this financial crisis, capitalism has revisited these stories again: auto workers in Detroit in the United States, investment bankers in the City of London in the United Kingdom, and industrial workers in Shenzhen, China... 

The most embarrassing fact is that perhaps Dedicated youth in an enterprise, no longer young, one day I found that the position I was engaged in had become a sunset industry and lost my job. At this time, I had to start from scratch and compete with the 20-year-old boys who graduated.

Civil servants and employees of state-owned enterprises seem to be very safe for now. However, a sense of security can never be given by others, which is common in doing business and in relationships. The sense of security given by others can only be an illusion of self-deception.

5. Rich people make money. 

The rate of return on capital is much more "expensive" than people. A well-educated, hard-working young man can earn 200,000 dollars a year in a first-tier city, which is not bad. If you consider the huge amount of money the family spends raising this young man, the return on this income is not high. 

However, for financial assets, a return of 10% a year can only be considered common. The wealthy have a large number of assets, and they can also access many channels that ordinary people cannot reach or pay attention to, and find a channel for rapid appreciation of their capital. 

6. To acquire wealth is to create value for others. 

The process of acquiring wealth is actually the process of creating value for others. In layman's terms, it is to make a cake of wealth. Since you have the ability to make such a cake, you naturally have the right to share a part of it.

Being poor is a concept, of always thinking "I can't do this" and "I can't do that". It is these self-imposed shackles that completely hamper a person's ability to pursue wealth. 

In our society, there are many not free, but only for the pursuit of wealth, there are really not so many "can't" restrictions, replace these "can't", always think about "how can I do this", "how can I do that". Be a positive thinker and doer. Material wealth originates from profound ideology, spiritual enrichment, and appraisal of will.

Book Review: Rich Dad Poor Dad by Robert T. Kiyosaki

One of the main reasons why the rich are getting richer, the poor are getting poorer, and the middle class is always struggling in the quagmire of debt is their concept of money Not from school, but from family.

Chapter 1 A person's ideas have a huge impact on his life.

One dad said "I can't afford it" and the other forbade it. He said, "How can I afford it?" The two sentences are a declarative sentence and a question sentence; Rich dad used to say, "The more you use your head, the more you make more money." In his opinion, saying things like "I can't afford it" is a form of mental laziness.

Although both dads work very hard, I've noticed that when it comes to money problems, one dad always finds a way to solve it, while the other dad is used to going with the flow. In the long run, one dad's financial ability is stronger, while the other's financial ability is getting weaker and weaker.

"The rich should pay more taxes to take care of the less fortunate" vs "Taxes punish diligence and reward laziness"
"Study hard to get a job in a good company" vs "Study hard and find and be able to acquire a good company"
"I'm not rich The reason is I have kids” vs “The reason I have to be rich is that I have kids”
“Be careful when making money and don’t take risks” vs “Learn to manage risk”
“Our family’s house is our biggest investment and asset " vs "Our house is a liability, if your house is your biggest investment, you're in trouble"

I believe that the government will care about you and meet your requirements. Care about things like raises, retirement policies, medical benefits, sick leave, paid vacation, and other perks. Love the life program that leads to a stable career through a college education. 

For him, labor protection and job subsidies sometimes seem more important than the profession itself. vs Believes incomplete economic independence and opposes the "take it for granted" mentality that creates a population of weak, financially dependent people. He advocates competition.

Saving hard vs. investing constantly

teaches you how to write a great resume to land a good job vs. teaches you to write an ambitious career and financial plan to create an entrepreneurial opportunity.

"I'm never rich"; "I'm a rich man and rich people never do" vs "The difference between poor and bankrupt is: Bankruptcy is temporary, poverty is permanent"

"I'm interested in money Not interested" "Money doesn't matter to me" vs "Money is power"

Want to study hard, get good grades, get a good job that pays well, be a professor, lawyer, or accountant, or do an MBA vs study to earn money, to understand the laws of motion of money and make this law of motion work for me. "I don't work for money" "Money works for me"

Money is power, but even more powerful is education about financial management. Money comes and goes, but if you understand how it works, you have the power to harness it and start building wealth. The reason for just thinking about it is that most people have not mastered the real working laws of money after receiving a school education, so they work for money all their lives.


  1. The reason why the rich are rich is that their attitude toward money is very important.
  2. Rich people are always willing to solve problems rather than compromise;
  3. Rich people are willing to take risks;
  4. Rich people understand how money works.

Chapter 2 Rich people don't work for money (turn passive into active)

"If you understand the big lesson of life, you can do anything with ease. But even if you can't learn it, life will still push you around. So in life, people usually do two things, some people live While pushing themselves to turn around, seize every opportunity that life gives, and some people let life dictate and don't fight against life. They complain about the unfairness of life, so they hate their boss, work, and family. Not knowing that life also gives them opportunities."

"If you're the kind of person who doesn't have perseverance, you'll give up every push from life to you. That way, you'll live your life steadily and without doing anything wrong, Always be ready to rescue yourself when something never happens and then die of boredom. 

You will have many friends just like you and want to live a stable and unmistakable life. But the truth is, you give in to life and don't take risks. You do want to win, but the fear of losing outweighs the excitement of success. The truth is, deep down, you always think you can’t win, so you choose stability.”

“It’s easier to change yourself than to change others." 

The poor and the middle-class work for money, and the rich make money working for them.

True learning takes energy, passion, and fervent desire. Anger is an important ingredient because passion is a combination of anger and love. When it comes to money, most people want to earn it safely, they rarely have the passion to make money, so they have to have the fear of not having money.

"Get up, go to work, pay the bill, get up again, go to work, pay the bill...their lives are endlessly chasing these two feelings: fear and greed. Give them more money, and they Repeat the cycle with higher spending. This is what I call a 'rat race"

"They don't try to discern the truth, they don't think, they just react to feelings. They get scared and go to work hoping the money will do it. Get rid of fear, but money can't get rid of fear. So fear chases them, and they have to go to work again... Fear makes them fall into the trap of work, earn money - work - earn money... Money rules their lives, they refuse to tell the truth, money controls their emotions and their souls."

"Keeping your mouth shut about money is as much a mental illness as being dependent on it."

"I've met a lot of people who say they're not interested in money, but they work 8 hours a day and keep complaining about being boring. If they're not interested in money, why bother with a job they don't like? This kind of person is better than making money. People are sicker."

"People need to have feelings, it makes us real, and the word emotion expresses the drive to act. See your feelings for real, use your mind and feelings in the way you like, not with Do it yourself. 

Watch your emotions carefully, don't rush into action. Most people don't understand that their emotions take the place of their thoughts, that emotions are emotions, and you have to learn to think for yourself."

If you don't control your fears and desires first, even if You have money, you are nothing more than a high-paid slave. “

The main cause of poverty and financial problems is fear and ignorance, not the economic environment, the government, or the wealthy. Your own fear and ignorance make it hard to extricate yourself, so you should go to school and get a college education, and I teach you how not to fall into the trap. "

From now on, it is important for you to use these feelings for your long-term benefit and not let your feelings control your mind. Most people let their fear and greed rule them, which is The beginning of ignorance. 

Because of fear or greed, most people live in earning wages, raises, and labor protections, without asking where the path of life leads to where this emotion dominates the mind.

"Intensifying fear and desire is a manifestation of ignorance, which is why many rich people are often afraid. Money is carrots and people are phantoms. If the donkey could see the whole image, it might reconsider whether to go after the carrot. "

Once a person stops seeking knowledge and information, she becomes ignorant. Therefore, one needs to constantly struggle with oneself: whether to open one's heart by learning, or close one's mind.

"In a country with high levels of education and government Prices don't go up in a well-managed society, they should actually go down, the reason for the price going up is greed and fear caused by ignorance.

"Business schools are better at making accurate and cheap 'calculators', they can't do great things. All they do is look at the numbers, fire people, and screw up the business, all they think about is lowering costs and raising prices, In fact, it creates more problems. The calculation is important, and I hope more people know how to calculate, but it's not everything."

Learn to let your emotions follow your thoughts, not your thoughts.

How we think and not just react to emotions. Don't solve your problems by getting up to work because you're afraid you won't have the money to pay your bills. Are you going to take the time to think about such a problem, and is working harder the best way to solve it? 

Many people are afraid, to tell the truth, themselves. They are so overwhelmed by fear that they dare not think, so they go out and look for work because fear rules them.

I always hear things like, 'everyone has to go to work', or 'rich people are liars', 'I'm going to change jobs', 'I deserve a higher salary, 'you can't be at your mercy' Me', 'I like this job because it's settled' instead of saying, 'Have I lost something, so as to save you from being emotional and giving you time to think carefully." 

I have to admit, this Really important lesson in knowing when a person is expressing feelings rather than expressing clear thoughts. This lesson has benefited me for the rest of my life, especially when my words, too, came out of reaction rather than reflection.

You will see what others cannot, and the opportunity is right in front of you. Most people don't see this opportunity because they're too busy looking for money and security, so they're limited in what they get. When you see an opportunity, you have learned and will continue to find opportunities throughout your life.


  1. Don't be pushed by life, but try to take the initiative.
  2. Thoughts control emotions.
  3. Don't follow suit, learn more, and think more.
  4. When encountering things, you can't just look at the surface and think more than others. (See "what I wish I knew when I was 20")

Chapter 3 Why teach financial knowledge

Our wealth escapes inflation and keeps increasing. I guess that's financial freedom. Assets have grown enough to grow in value, like planting a tree, you water it year after year, and one day it no longer needs your care and can grow on its own. Its roots are deep enough that you can now enjoy its shade.

I think too many people still focus too much on money rather than their greatest asset - their education. If people are flexible, keep an open mind, and keep learning, they will get richer day by day through these changes. 

If you think that money can solve all problems, I am afraid that these people will not have a good time. Knowledge solves problems and creates wealth, and money not earned with financial knowledge will soon disappear.

You must understand the difference between assets and liabilities, and buy as many assets as possible.

"The rich get assets, and the poor and middle class get debts, but they think those are assets."

The "KISS" principle, or the "Stupid Financial Principle" (Keep It Simple Stupid).

“It’s not words but numbers that define assets. If you can’t read numbers, you can’t discover and identify assets.” “In accounting,” he continued, “it’s not numbers that count, it’s numbers that tell Your stuff. Numbers are not words, but like words, they tell you what it wants to tell you."

"Assets are things that put money in your pocket" Liabilities are taking money out of your pocket thing.

If you want to get rich, just keep buying assets throughout your life; if you want to be poor or middle-class, just keep buying liabilities. It is precise because people do not know the difference between assets and liabilities people often buy liabilities as assets, causing most of the world's people to struggle with financial problems.

The rich are rich because they are more knowledgeable in a certain area than those struggling financially, so if you want to get rich and keep your wealth, financial literacy, including an understanding of words and numbers, is very important.

Money often exposes the weaknesses in our human nature, and money cannot hide our ignorance. That's why so often someone who suddenly gets a big windfall, like an inheritance, a raise, or a lottery win, loses it quickly - and some people are even worse off financially than they were before they got the money. 

Money just makes the flow of the cash flow diagram in your head more obvious. If your cash flow diagram is to spend all your income, then the most likely result is to increase your income and also increase your expenses. As the saying goes: "Money fools people".

They work hard but make no progress, they are taught not how to make money but how to spend it, which creates what is called a financial attitude - what do you do when you make money? How to prevent others from taking money from you? How long can you have this money? 

How do you make money work for you? Most people don't understand why they're in financial trouble because they don't understand cash flow. A person may be highly educated and have a successful career, but also be financially illiterate. Such people tend to work harder than they need to because they know how to work hard but don't know how to make money work for them.

The Japanese focus on three powers: swords, gems, and mirrors.
  • The sword symbolizes the power of the weapon. Americans have spent hundreds of billions of dollars on weapons and are the world's military superpower.
  • Gemstones symbolize the power of money. As the adage goes, "Remember the golden rules: those who have the gold make the rules." 
  • The mirror symbolizes the power of self-knowledge. In the eyes of the Japanese, self-knowledge is the most precious of the three powers.

Many people think speaking in public is scarier than dying. In psychiatry parlance, the fear of speaking in public is the fear of being ostracized, the fear of standing up, the fear of being criticized, the fear of being wrong, the fear of being expelled. 

In short, the fear of being different from others results in preventing people from thinking of new ways to solve problems.

It is only when they look in the mirror that they discover the truth that most people talk about as "stable" out of fear. Other things can also be seen clearly through the mirror, such as sports, social relations, career, and money.

Most people's financial troubles are caused by simply following others. So we all need to look in the mirror from time to time to trust our inner wisdom and not just fear.

He hates words like "We have to do it because everyone else does it," and he hates the word "can't." If you want him to do something, an effective way is to say to him, "I don't think you can do this."

"Smart people always hire smarter people."
"Schools make good employees, not good employers." 

The biggest loss is the loss of opportunity. If all your money is invested in the house, you have to work hard because your cash is constantly flowing out of expenses instead of into assets, which is a Typical middle-class cash flow model. What is the right way to do it? 

If a young couple puts more money into their assets sooner, they will have an easier time in the next few years, especially if they are ready to put If the kids go to college, because the investment in the assets will make their assets continue to increase and automatically cover the expenses. 

And the practice of investing in a big house first is just taking out a mortgage to pay for the rising expenses, as a result, But it's just tearing down the east wall to make up the west wall.

Deciding to own a very expensive house instead of starting securities investment early will have an impact on a person's financial life in the following three aspects:
  1. Losing the opportunity to use other assets to increase value 
  2. Capital that could have been invested will be used to pay for various high, long-term expenses on the house
  3. Loss of educational opportunities. People often include their houses, savings, and retirement plans among their assets.

The middle class finds itself always struggling with financial problems. Why? The main income of the middle class is wages, and when wages increase, so do taxes, and more importantly, their propensity to spend increases with income. Increase with equal increase.

Reasons why the average middle class is forced to avoid risk. They have to operate safely because their economic position is weak: their balance sheets have never been balanced, they have a lot of debt, and have no real assets that can generate income. Their source of income is just their salary, and their lives depend entirely on their employer.

Net worth usually includes those non-cash assets, like the stuff you buy back and pile up in your garage. Wealth is a measure of how much your money is making, and how much your financial viability is.

Wealth is determined by comparing the cash flow generated under assets with the cash flow outflow under expenses.
  • The rich buy assets;
  • the poor only spend;
  • the middle class buys liabilities they think are assets.


  1. Our most worthy investment is our brain. Education is the means;
  2. Understand the difference between assets and liabilities, and buy assets as much as possible;
  3. Financial knowledge is important, numbers can tell you what's under the surface, learn to build the correct cash flow chart;
  4. Don't be afraid to be different. Think more, dare to publicize the results of your thinking, and don’t be afraid of making mistakes or being criticized; 
  5. Do more introspection;
  6. Pay attention to your time and energy, the opportunity cost is very important;

Chapter Four: Focus on Your Own Business  

People with financial problems are often people who have worked for others their entire lives, and many are left with nothing when they stop working. The terrible consequence of being your major is that too many people forget to focus on their own business, and they spend their lives focusing on other people's careers and making them rich. You only get real financial security if you use your increased income to buy income-generating assets. 

Focus on your own business and get on with your day-to-day work. Instead of going into debt or buying personal items that are worthless once you take them home and use them, you can buy real estate. 

Once you pull a new car out of the park, you have lost 25% of your car money. A car isn't a real asset, even if your bank manager told you to list it as an asset. When I used a new $400 golf club, it was only worth $150. 

Real assets can be divided into the following categories: 

  1. Businesses that can function without my presence. I own them but are run and managed by others. If I have to work there, it is not my career but my career;
  2. Stocks;
  3. Bonds;
  4. Mutual funds;
  5. Income-generating real estate;
  6. Bills (IOUs);
  7. Patent rights such as music, manuscripts, and patents;
  8. Any other valuable, income-producing, or potentially Something that adds value and has a good circulation market.

Rich dad encouraged me to start acquiring assets that I love, "because if you don't love it, you don't care about it." I buy real estate because I love buildings and land, I love buying them, I can look at them all day, and when something goes wrong, it's not so bad that I don't love real estate anymore. 

But for those who already hate real estate, investing in real estate is obviously not a good idea.

I like stocks in small companies, especially new ones because I'm an entrepreneur rather than an employee. Small companies are risky, but if you love what you're investing in, understand it and understand the rules of the game, the risk will be reduced. 

For small companies, my investment strategy is: Get out within 1 year. My real estate investment strategy, on the other hand, is to start small and build it up a little bit later, if possible. The advantage of this is that you can defer your income tax payments, which can dramatically increase your assets. I usually hold real estate for 7+ years.

The more you know about accounting and cash management, the better you can do investment analysis and start building your own company.

Remember: be a hard-working employee, secure your job, but keep building your assets.

Real luxury is the reward for investing and building real assets.


  1. Build your own business while working and buy assets that can be used for production;
  2. Learn to identify real assets;
  3. Find and invest in assets you like;
  4. Learn accounting and cash management;
  5. Don't buy lightly until financial freedom Luxury.

Chapter Five: The History of Taxation and the Power of the Corporation 

The method of paying taxes was formulated by the public and agreed upon by the majority. It wanted the poor and the middle class to see that taxation was meant to punish the rich. Therefore, the public voted in favor of paying taxes in accordance with the law and written into the constitution. 

The tax that was originally intended to punish the rich actually punished the middle class and the poor who voted for it.

In government, the bigger the institution, the more respected it is. And in my organization, the fewer people I hire and the less money I spend, the more respected I am by investors. 

That's why I don't like government officials, they have different goals than most business people. As the size of the government increases, the government needs to collect more taxes to keep the government running.

No matter how loud they "rob the rich," there is always a way for the rich to get out of it, which is why taxes always fall on the middle class in the end. Rich people outperform smart educated people simply because they understand the power of money, a subject that is never taught in school.

Taxes are paid to government employees in the form of jobs and pensions, and to the wealthy in the form of government purchases.

True capitalists use their financial knowledge to get away. They evade taxes with the help of corporate protection. Companies do protect the rich, but many people who have never established a company do not understand this, because a company is not necessarily a real entity, a company can just be some documents that meet the legal requirements and are placed in the government after registration. in the attorney's office. 

A corporation doesn't mean having buildings, factories, and employees inscribed with the company's name, it can just be a legal entity without a soul, but the wealth of the rich is protected here. 

Once the Income Tax Act was passed, the incorporation of a company became popular because the corporate income tax rate was lower than the personal income tax rate. In addition, certain expenses of the company can be deducted before tax.

There are so many people who pay high taxes with little thought of using reasonable and legal tax avoidance methods.

The biggest enemy is not the boss or the overseer, but the tax, which always wants to take more from you, if you allow it.

When we got the hang of making money work for us, rich dad wanted us to be good at calculations and not let money take us, plus we needed to know the law. 

If you know nothing about the law, you will easily do wrong; if you know the law, you can make the most of the power it gives you to achieve your career. That's why rich dads hired smart tax attorneys and lawyers at high salaries—give them their money.

My money earns me more money, every dollar in my assets is an employee, they work hard and bring back more employees, and also use pre-tax earnings to buy new ones for me Porsche. I'm still working hard for Xerox, but at the same time, my plans are on track, and Porsche is proof.

The financial quotient is composed of specialized knowledge in four aspects:

  • The first is accounting, which is what I call financial knowledge. Financial knowledge is a very important skill if you want to build an empire of your own. The more money you manage, the more precise you need to be or the edifice will fall. This is what the left brain deals with, or details. Financial literacy helps you read financial statements, and with this ability, you can identify the strengths and weaknesses of your business.
  • The second is investing, which I call the science of money making money. Investing involves strategies and solutions, which is what the right brain has to do, or create.
  • The third is to understand the market, which is the science of supply and demand. This requires understanding the "technical side" of emotionally driven markets.
  • The fourth is the law. It can help you effectively run a business that enters the accounting, investing, and marketing fields and achieve explosive growth. 
People who understand tax incentives and corporate laws can get rich faster than employees and small business owners. It's like one person is walking while the other is flying, and the gap is even bigger in the long run.
  1. Tax benefits. Employees make money, pay taxes, and live off what's left; a business makes money, spends its money, and pays taxes on what's left over. This is the biggest legal loophole the rich take, and if you have investments that bring in cash flow, companies can operate easily and cheaply.
  2. Get protection from litigation. We live in a society that loves lawsuits.


  1. Recognize the truth of society: the reality of "scissors difference". The deep-seated reasons for the widening gap between rich and poor;
  2. Consciously improve one's own financial intelligence: accounting, investment, market, and legal knowledge;

Chapter 6: The investment of the rich 

As a teacher, I realize that excessive fear and self-doubt is a waste The greatest factor in our talents. It saddens me to see students who know what to do but lack the courage to do it. In the real world, people often rely on courage rather than intelligence to get ahead of others.

Why bother trying to improve your financial quotient? Because if you do, you will be more successful; if you don't, this era will be a scary era for you. You will find some people bravely marching ahead, while others are caught in the vicious circle of life and unable to extricate themselves.

They don't realize that an idea or a method that was an asset yesterday has become a liability today.

Since 1984, I have been teaching using games and templates. I often encourage my adult students to see in the game what reflects what they know and what they still need to learn. 

The most important thing is to make the game reflect how a person is behaving because it is a real-time feedback system. This game does not require constant explanation by the teacher, it is like an interactive dialogue between individuals, communicating with you all the time.

The Cash Flow game is designed to give each player different feedback, and its purpose is to give you different options. If you draw a card to buy a yacht and go into debt because of it, the question arises: "What can you do now? How many different financial options can you take?" That's what the game is for - to teach the player to think and create new different financial options.

The people who spend the longest time in the "rat race" tend to be those who are not proficient in mathematics and often do not understand the power of investing. Rich people are more creative and willing to take risks after careful planning.

Most people will have at least one opportunity in their life to shine in front of them, only to turn a blind eye to the opportunity due to their own problems. A year later, when they suddenly realized the value of that opportunity, it was too late.

Why do you want to improve your financial skills? Because you want to be the kind of person who can create opportunities for yourself. You want to be comfortable with whatever happens and try to make it better. Few people know that opportunities and money can be created.

Money is not a real asset.

From the first time we "made money" out of toothpaste peels, rich dad has always inspired us to understand the secrets of money. "The poor and the middle-class work for money," he said. "The rich make money. Certainly not 'making' money the way you do. 

The more important you value money, the harder you will work for money. If You'll get rich faster if you understand that money is not a real asset."
"It's something we all agree on," rich dad replied.

Our only and most important asset is our mind. If well trained, it can create a great deal of wealth in an instant, and make wealth no longer the preserve of kings and queens three hundred years ago. And an untrained mind, by teaching its own family an incorrect way of life, will perpetuate a life of extreme poverty for future generations.

Why develop our financial talents? Still only you can answer this question. But I can also tell you why I develop my abilities in this area because I want to make money fast. 

It's not that I have to do it, it's that I want to do it, and it's a fascinating learning process. I developed my financial intelligence because I wanted to play the fastest, biggest game in the world. 

From my own point of view, I am willing to be part of this unprecedented torrent of human nature revolutions and throw myself into a time when people work only with their brains, not their bodies. 

Beyond that, it's an action, it's something that's happening, it's catching up with the times, it's a thrilling story, and of course, it's a very interesting thing.

Which problem is more difficult for you?

  1. Work hard, pay 50% tax, and save money to save. Your savings rate is 5%, and the interest is taxed again.
  2. Take the time to improve your financial quotient, enhance your brainpower, and thus increase your assets.

Why impatiently improve your financial quotient? The reason I keep learning and improving is that I know the market will have booms and busts, I realize that change is coming, and I welcome change rather than dwell on the past. 

The reason I want to keep improving my financial intelligence is that every time the market changes, some people will beg for a job, while others will seize the opportunity that life gives them - each of us Occasional opportunity, then turn that opportunity into millions of dollars. This is a financial business.

In my case, I mainly use two tools to grow my money: real estate and small company stocks. Real estate is the foundation, and by buying and selling monthly, my property is constantly providing cash flow and occasionally rising in value. Then there is the wait for the rapid appreciation of small-company stocks.

If an investment opportunity is too complicated for me to figure out, I don't invest. Simple math and general common sense are all you need to do well financially.

Really hot deals are not offered to those who are new to it. Generally speaking, the best deals that make the rich richer are always for those who know the rules of the game.

If you know what you're doing, you're not gambling; if you put money into a transaction and just pray, you're gambling. In any case, the way to be successful is to use your technical knowledge, intelligence, and love of games to reduce surprises and reduce risks.

The foundation of my career in real estate. I like real estate because it's stable and changes slowly. I've built this foundation on a solid foundation, and it provides me with a fairly steady cash flow. 

It also has a good chance of increasing its value if managed properly. The benefit for me of having such a solid foundation in real estate is that it gives me some kind of daring to take a lot of risks and buy more speculative stocks.

If I make a lot of money in the stock market, I pay capital gains tax with a portion of the capital gains and then invest the balance in real estate to reinforce my asset base again.

In school, we were told that mistakes were bad and that we would be punished if we made them. However, if you look at the way humans learn, humans learn by making mistakes. We learn to walk by falling, and if we never fall, we will never learn to walk. 

The same goes for learning to ride a bike, and although I still have scars on my knees, I have no trouble riding my bike today. The same goes for getting rich. Unfortunately, the main reason most people aren't rich is that they worry too much about losing. Winners are not afraid of losing, but losers are afraid of losing. Failure is the mother of success, and if you avoid failure, you avoid success.

There are two types of investors:

  1. The first type and the most common one is those who make a package investment. They contact an intermediary that operates a personal investment business, such as a real estate company, stockbroker, or financial planning consultant, and buy something. These things could be mutual funds, or real estate trust investments.
  2. The second type is the type of investor who creates investment opportunities. Such investors typically organize a deal, as one person buys computer parts and assembles them into a computer. Although I didn't even know the first steps in assembling a computer from parts, I knew how to organize the opportunities and who was doing it.
If you want to become the second type of investor, then you need to develop three main skills that are the higher requirements necessary to become a financial whiz.

1. How to find opportunities that others overlook. You have to pay attention to those opportunities that others overlook. For example, a friend of mine bought a rundown house that looked like a haunted house and everyone who knew him wondered why he bought it, but this friend of mine learned about it through a title company The house had four extra vacancies, 

so after buying the house, he tore down the extra vacancies and sold the vacant lot to a builder for three times what he spent on the entire transaction. In two months, he made $75,000. It's not a lot, but it's above the minimum wage, and it's not technically complicated.

2. How to increase funds. The average person will only go to the bank for a loan, while the second type of investor knows how to get financing without going to a bank. Because of investing in real estate, I learned how to buy a house without going to the bank. The house itself is not very important, but the skills you learn about financing are invaluable.

There have been many times I've bought a house, stock, or apartment building without a dime in the bank. Once I bought a $1.2 million condo building, my approach was to "be the bridge," by creating a paper contract between the seller and the buyer. 

First, I raised $100,000, which would give me a 90-day grace period to raise the rest. Why should I do this? Just because I knew it would be worth $2 million or more. 

But I never went to raise money because the guy who lent me $100,000 gave me another $50,000 to buy the deal, so he took my place and I left. Total working time; three days. So, what you know is more important than what you buy. Investing is not buying, but rather a process of gathering information.

3. How to organize smart people. Smart people tend to hire or work with people who are smarter than themselves. That way, when you need advice, you have an advisor you can trust.

There's a lot to learn, and the rewards for that can be huge. If you don't want to learn these skills, then I suggest that you'd better be the first type of investor. You know this is the greatest asset you have, and you don't know this is the biggest risk you face.

Risks are always everywhere, learn to manage risks, rather than blindly avoid them.


  1. Courage is very important, we often waste our talents because we lose courage;
  2. Creative thinking is very important, it is a habit of doing things;
  3. Money is not an asset, it is just something that can buy assets;
  4. If you want to make money, you can learn the rules of the game of money. Game masters are people who are proficient in the rules of the game;
  5. Have the courage to try, not be afraid of making mistakes, and look at mistakes with a correct and positive attitude;
  6. Learn the financial skills you need and do what you can.

Chapter 7: Don't work for money 

Most people need to learn and master more than one skill so that their income can grow significantly. As I mentioned before, financial intelligence is a combination of abilities in accounting, investing, marketing, and law. 

Combining the above four professional skills makes it much easier to make money with money. In order to make money, people with only one skill can only work hard.

A classic example of general skills is the young writer who writes for the newspaper.

If she can diligently learn to master marketing and sales skills, her income will increase significantly. If it were me, I would definitely take some advertising courses on books and sales, and then I would get a job at an advertising agency instead of a newspaper. Even if doing so would cost me less, I was able to learn from there the "talk in seconds" technique used in successful advertising. 

I also take the time to learn the important skill of public relations in order to earn millions with flexible public relations. Then, at night or on weekends, go and create my masterpiece. When all of this is done, I am sure to make my book a bestseller and, in a short time, become a wealthy "bestselling author."

My educated dad espoused the same dogma, so, He was very excited when he finally got his Ph.D. However, he also often laments that society gives very little rewards to those who have learned more knowledge.

Rich dad encouraged me to do the exact opposite. "You only need to know a little about a lot of knowledge," is his advice. So, over the years I have worked in some of his companies located in different regions, and I have also worked in his accounting department. 

Although I never wanted to be an accountant, he hoped that I could learn some accounting through the "penetration method". common sense. Rich dad believed that I would understand the "jargon" and what was important and what was not.

For educated dads, a steady job is everything. For a rich dad, continuous learning was everything.

My educated dad wanted me to go to school to learn to be a sailor, while my rich dad thought I went to school to learn international trade. So, when I was a student, I ran freight, driving big carriers, tankers, and passenger ships past the Far East and South Pacific. 

Rich dad insisted that I should sail the Pacific Ocean by boat instead of Europe because he thought the "emerging nations" were in Asia rather than Europe. 

While most of my classmates, including Mike, were hosting parties in their fraternity halls, I was studying trade, relationships, and business in Japan, Thailand, Singapore, Vietnam, Korea, the Philippines, Taiwan, Hong Kong, etc. type and culture. I also go to parties but don't go to any fraternity halls, and I mature quickly.

Rich dad told me about the importance of learning to lead people in dangerous situations. "Leadership is the next step you need to learn urgently," he said. "If you're not a good leader, you're going to get shot in the back. , business is like in war.”

After returning from Vietnam in 1973, I left the military, and although I still love flying, my goals for learning in the military have been achieved. I got a job at Xerox and joined Xerox for a purpose, not for material gain. I'm a shy person, and for me, marketing is the most intimidating course in the world, and Xerox has the best marketing training program in America.

1977. I formed my first company. Rich dad taught Mike and me how to run a company, and now I have to learn to apply that knowledge. My first product, a velcro wallet, was made in the Far East and shipped to a warehouse in New York, close to where I went to school. 

My formal education is complete and it's time for me to go solo. If I fail, I will go broke. Rich dad thought bankruptcy was best before the age of 30, and his view was "that way you still have time to make a comeback."

There is an old adage that "work is about 'better than bankruptcy'".

There's another terrible management theory that says, "Workers work the maximum to avoid being fired, and employers offer minimum wages to keep workers from quitting." If you look at what most companies pay, you will see that this statement does speak to a certain degree of truth.

I advise young people looking for jobs to look at what they can learn, not just how much they can earn.

Before you choose a particular career or get caught up in the "rat race" of busy work for a living, take a closer look at the road beneath you and figure out exactly what skills you need to acquire.

Once people are exhausted all day to pay the bills of life, they are like those little mice that keep spinning in small iron cages. The rat's little hairy legs kicked fast, and the small iron cage turned fast, but when they woke up the next morning, they found themselves still trapped in the rat cage.

When I speak to adults who want to make more money, I always advise them to take a long-term view of their lives. I admit that working for money and security is very important, but I still advocate looking for another job to learn another skill. 

I often suggest that if you want to learn sales skills, it's best to go into a company that has a chain marketing system or what is called a multi-level marketplace. Most of these companies can provide good training programs to help people overcome depression and fear of failure, which is often the main reason why people do not succeed.

In the long run, education is more valuable than money For the "too much trouble" statement, I asked: "So you'd rather work hard all your life and hand over 50% of what you earn to the government?" 

"For the other way of saying 'I just want to do what I'm interested in,' I said, 'I'm not interested in going to the gym and doing exercise, but I still practice because I want to be in better shape and live longer. "

Life is like when I go to the gym. The most painful thing is to make the decision to exercise. Once you get past this, things will be easier in the future. There are many times when I'm afraid to go to the gym, but as soon as I go, I will feel very happy in my heart. I always say to myself with great pleasure after a fitness exercise: Exercise is good!

If you insist on not learning new things and are willing to be an expert only in your field, then you must Make sure you work for a company that is unionized and that unions protect specialized talent.

"If most of you can make better hamburgers than McDonald's, why does McDonald's make more money than you? "
The answer is obvious: McDonald's has an excellent business system. Many talented people are poor because they are so focused on making good hamburgers that they know very little about how the business system works.

The world is full of talented poor people. In many cases, they are poor or financially struggling, or earn less than they would otherwise be, not because of what they know but because of what they don't. 

They focus only on improving and perfecting their hamburger-making skills, but not on improving their skills in selling and 'delivering hamburgers'. Maybe McDonald's can't make the best hamburgers, but they can do the best sales and delivery jobs on the premise of making average hamburgers.

Since people are willing to jump from one company to another rather than seek deeper expertise, why not seek to "learn" and thus "earn" more? Although in the short term, you may earn less, in the long term you will reap huge benefits.

The management qualities necessary for success include: 

  1. Management of cash flow; 
  2. Management of systems (including yourself, time, and family); 
  3. Management of people.

The most important specialized skills are selling and understanding marketing. Selling skills are fundamental skills for personal success and involve interacting with other people, including customers, employees, bosses, spouses, and children. 

And communication skills, such as written expression, oral expression, and negotiation skills are crucial to a person's success. I have been successful by taking various courses, buying instructional tapes, etc. to increase my knowledge and constantly improve my skills.

I don't know yet if there are more important skills than sales and marketing, but mastering sales and marketing skills are difficult for most people, mainly because they are afraid of rejection. So, the better you are at dealing with people, business negotiations, and managing the panic of rejection, the easier your life will be. 

Just as I advised the female writer who wanted to be a "bestselling author," I'm giving this advice to everyone else today. Being very proficient in professional skills is both a strength and a weakness. 

I have a lot of friends who are very talented, but they are not good at communicating with other people to use their talents, and as a result, they make very little money. 

I suggest that they spend a year learning to sell, and even if they don't earn anything, their ability to handle relationships will greatly improve, and that ability is invaluable.

Giving money is a secret for very wealthy families to keep their wealth, which is why institutions like the Rockefeller Foundation and the Ford Foundation exist. These institutions are built to acquire wealth and to add more wealth by giving it on a regular basis.

My educated dad always said, "When I have extra money, I donate it." The problem is that he never had any extra money. So he works harder to make more money, failing to pay attention to one of the most important money laws: "Give and then get." Instead, he believes in "get and then give".


  1. Strive to learn multiple skills while mastering your own expertise;
  2. Marketing and sales skills are useful in every field;
  3. Continuous learning is everything; Keep curiosity and ability to learn new things;
  4. Do it right Decisions that are beneficial to your own growth, such as learning financial knowledge, such as sports, and fitness;
  5. The better you do in dealing with interpersonal communication, business negotiation, and controlling the panic when you are rejected, the easier your life will be;
  6. Learning sales skills and regarding yourself as a "product" 's display marketing is also very useful;
  7. Give people roses, the fragrance of the hand. The more you give, the more you get.

Chapter 8 Overcoming Difficulties 

There are five main reasons why people who only have financial knowledge still can't have sufficient assets:
  1. Fear;
  2. Cynical;
  3. Laziness;
  4. Bad habits;
  5. Ego.
The main difference between the rich and poor is the way they deal with fear.

He has a tip for overcoming the fear of losing money: "If you hate taking risks and worry about losing money, start accumulating your money early."

If you start accumulating at a young age, you are Easier to get rich. Of course, I don't think saving is a good way to build wealth, and I don't want to go into detail here, but it should be seen that between those who start saving at 20 and those who start saving at 30, there is a huge difference.

"That's not what I mean, nobody likes to fail. 'If I have to see a loser, let me see a happy loser,'" rich dad said. Attitude to failure.

It's how they navigate their lives, they live big, not like most people here when they have money problems, they live like a helical. The helical is when someone shines a light on them would be very frightened, and the kind of person who would complain when the grocery store clerk underpaid them twenty-five cents.

Rich dad went on to explain, "What I liked the most was the Texan attitude, and he won. You will be proud, and you will be proud of yourself when you lose. There's a Texan proverb, 'If you're going bankrupt, go bankrupt worse'. He doesn't want you to think he's broke just because of a duplex. “

Rich dad used to tell Mike and me that the biggest reason for not being financially successful is that most people are too safe…” People fail because they are too afraid to fail. That's what he used to say.

In Rockefeller's words, "I always try to turn every disaster into an opportunity." "

If you don't have much money and you want to get rich, you must first "focus" on one point, not "balance" or "spread risk". Those who succeeded did not pursue "balance" in the beginning. 

Those who pursued balance would only stay where they were and not advance. To make progress, you must first be "unbalanced" and pay attention to how you can keep yourself progressing.

Most people are poor because when they want to invest, there are "chicks" running around, shouting "the sky is falling, the sky is falling". The words of the "chicks" are powerful and resonate in the hearts of each of us. 

Therefore, we often need a great deal of courage not to let rumors and fearful doubts fuel our fears and doubts about ourselves.

"The cynic never wins," said rich dad. “Unproven doubts and fears create cynics.
Cynics complain about reality, and successful people analyze reality.” Rich dad explained that complaining blinded the mind, while analysis enlightened the heart. 

Performing analytics enables successful people to see what cynics can't, and to spot opportunities that others overlook, and the ability to spot opportunities that people overlook is the key to success.

I'm talking about freedom from the "rat race" and they focus on toilets, that's the mindset that makes people live poor. They are always criticizing rather than analyzing, always seeing the trouble in the details and not seeing the huge benefits in general after solving the trouble.

Busy people are often the laziest people. We have heard the story of a businessman who worked hard to earn money, working hard to provide better living conditions for his wife and children. He works long hours in the office and takes work home on weekends. 

One day, when he came home, he found that the building was empty, and his wife left with the child. He had known for a long time that he and his wife had some problems, but he would rather be busy with work than improve the relationship. Sadly his performance at work also slipped and he ended up losing his job.

I often meet people who are too busy at work to take care of their health for the same reason: they are busy, and they use their busy work as a way to escape some of the problems they don't want to face. No one is going to tell them this, they cover up the problem. In fact, if you remind them, they are often upset.

If they are not busy at work or with their children, they are often busy watching TV, fishing, golfing, or shopping. In short, covering up the problem allows them to avoid something important. This is the most common form of laziness, laziness manifested by being busy.

Rich dad never used words like "I can't pay for this."

In my own home, this is what I hear a lot. But rich dad asked his kids, "How can I pay for this?". His reasoning: "I can't pay for this" locks your mind and keeps you from thinking further.

"How can I pay for this?" opens your mind, forcing you to think and seek answers.

But most of all, he felt that "I can't pay for this" was a lie, and he believed that the human spirit could do everything. "The human mind is very, very powerful,' he used to say, 'You know you can do anything.'

Rich dad didn't care much about what I actually wanted to buy, he just wanted to keep us thinking by making us think." How can I pay for this" to create a stronger mind and a more dynamic spirit.

So, he rarely buys me and Mike anything, instead, he asks, "How can you afford this? "

So, including going to college, we all make money to pay for it. It's not the goal itself, but the process of reaching the goal we expect is what he really wants us to learn.

How do you overcome laziness? The answer is a little more "greed", to have the courage to pursue and get what you want in life. I remember that a psychological program on an FM radio station once put forward the statement "What's here for me". 

On the show, a person sits down and needs to ask, "If I'm fit, sexy, and good-looking, what else am I going to do?" or "What would my life be like if I stopped working?" or "What would my life be like if I stopped working?" I have all the money I need, so what will I do?" 

In this way, people are inspired to yearn and pursue a better life. Without a little bit of "greed", without the desire to have something better, there can be no progress.

As Douglas said in the movie "Wall Street": "Desire is a good thing". Rich dad said it another way: "Guilty is worse than desire because guilt robs the body of the soul." And to me, Elena. Roosevelt said it well: "Do what is right in your heart—because you will always be criticized no matter what you do. If you do, you will be criticized; if you don't, you will still be criticized."

"Okay, I decided to use my fear of people who collect sand to kick sand in their faces to make me stronger and in doing so make everyone else weaker. I forced myself to think about How to earn extra money is like going to the gym and doing weights, the more 'money muscle' I develop in my mind, the stronger I am. Now, I'm not afraid of these people anymore."

"And if I end up like my dad did Pay myself, or not pay at all, and I'll be weaker, and I'll be surrounded by bosses, managers, tax officials, bill collectors, landowners all my life, just because I don't have good financial habits."

If you know your lack of knowledge on a subject, don't try to hide it, because that's deceiving yourself, what you should do is go to an expert in the field or a book on the subject and start educating right away Own.


  1. Overcome the fear of losing money and see the opportunities behind the risks;
  2. Think independently, don't be influenced by the ignorance of the majority;
  3. Don't be lazy, especially mentally and mentally lazy;
  4. Pay attention to setting goals, and more importantly, the process of reaching the goals, and cultivate your own thinking ability and passion for doing things; 
  5. You must be brave to strive for more than one thing you desire and go all out;

Chapter Nine Getting Started Here are seven steps 

I suggest you take to develop the God-given talent that only you can control:

1. I need a surreal reason: spiritual power.

If you ask someone if they want to get rich or be financially free, most people will say "yes." But when it comes to reality, the road ahead seems long and bumpy, and it seems easier to work for the money and leave the rest to a broker.

If you're not strong enough, the harsh realities of the road ahead will force you to back off.

I've failed many times, but every time it's this deep spiritual drive that keeps me up and going. I wanted to be financially free at 40, but it wasn't until I was 47 that I actually got there after a lot of learning and grinding.

When I talk about this, I hope it's easier to talk about it, but it's not easy, and it's not difficult to do. My advice is, to give yourself a strong reason or purpose. If you don't, you're going to have a hard time in life.

Most people don't choose to be rich, and for 90% of people, being rich is "too annoying" so they say, "I'm not interested in money", or "I don't want to be rich" ", or "I don't have to worry, I'm still young", "I'll think about the future when I start earning money", or "My lover has financial power", etc. 

A common problem with these statements is that it prevents people from choosing to think about two things: 
  • the first is time, which is your most precious asset; 
  • the second is learning because you have no money, you have to learn. 

In fact, every day we should make a choice: choosing how to use our time, our money, and what we have learned in our minds to achieve our goals, this is the power of choice. We all have a chance, I choose to be a rich man, and I work every day for my choice.

2. Invest in education first.

In fact, when you were a poor man, the only real asset you had was your mind, the most powerful tool we had at our disposal. Like I said about the power of choice, each of us has to choose what kind of knowledge to put into our brains as we grow older. 

You can watch TV all day, read golf magazines, take a pottery coaching class, or take a financial planning class, the choice is yours. In terms of investment, most people choose to invest directly in a certain project, rather than first invest in learning the relevant knowledge of the investment project they want to invest in.

I went to the seminar. I like seminars that last at least two days because then I can calm down and work on a topic. In 1973, I saw someone advertised on TV for a three-day seminar on how to buy real estate without any down payment. 

Taking this class only cost me $385 and it helped me earn at least $2 million. More importantly, it created a new life for me, and because of this course, I no longer have to work hard to make a living in the years to come. I do this training at least twice a year.

I often ask myself today, "What would Peter do. Lynch do about this? Or what would Donald do? Tram, Warren. Buffett, George. Soros do?" Read or listen to what they have said with great humility. Arrogant or critical people are often the ones who lack confidence and dare not take risks. If you want to learn something new, then you need to make some mistakes in order to fully understand what you are learning.

3. Choose your friends carefully: The power of relationships.

First of all, I wouldn't use finances as a criterion for picking friends. I have friends who are destitute and friends who are rich, because I believe in "three people, there must be my teacher", and I am willing to work hard to learn from each of them.

But I have to admit that I do go out of my way to make some rich friends, and my goal is not the money they have, but the knowledge they have to get rich. In many cases, these rich people become my close friends, but not always.

Note: Don't listen to the faint of heart. I have friends like that, and I like them a lot, but they lead a "chicken" life. When it comes to money, especially investing, "the sky is falling" and they will always tell you one thing why it doesn't work. The problem is that if people listen to them and blindly accept this kind of alarmist information, you end up being a "chicken" character too. As an old saying goes: "Chicken feathers are all the same".

In the process of accumulating wealth, the most difficult thing is to stick to your own choices and not blindly follow the crowd.

Wise investors tend to buy an investment that is not very popular, they understand that profits are made when they buy, not when they are sold, and they wait patiently for the opportunity to add value to their investment. As I said, they don't care about market timing, they are like a surfer who is always waiting for the next big wave to hold them high.

4. Master one pattern, then learn a new one: the power of fast learning. 

This formula is the one that dominates the world: Every day millions of people get up, go to work, earn money, pay bills, balance checkbooks, buy mutual funds, and then go back to work.

This is a general, basic formula or recipe.

If you're bored with what you're doing and aren't making enough money, simply, it's time to change your formula for making money.

I'm always looking for formulas to make money faster, which is why, under similar conditions, I always make more money every day than many people make in a lifetime.

Just to add in today's fast-changing world, you are not required to learn much because when you learn it is often outdated, the question is how fast you learn, which I said earlier The ability to learn quickly is an invaluable skill. Finding a shortcut is critical if you want to make money.

5. Pay yourself first: The power of self-discipline. If you can't control yourself, don't even think about getting rich.

Lack of self-discipline is the number one factor that separates the rich, the poor, and the middle class.

Simply put, those who are less confident and less tolerant of financial stress will never become rich. As I said, I learned a lesson from my rich dad: "Life moves you." Life pushes you not because the people driving you are powerful, but because of your personal lack of self-control and discipline. Those who lack inner grit often fall prey to those who have a lot of self-discipline.

Don't just focus on your own products, services, or production equipment, but focus on developing management skills. 

The three most important management skills necessary to start your own business are:
  1. Cash flow management;
  2. Personnel management;
  3. Personal time management.

1. Don't take on too much debt. Keep your spending low. First, increase your assets, then use the cash flow from your assets to buy a big house or a nice car. Getting caught in a "rat race" is not a wise choice.

2. When you're short on cash, take external pressure not to tap into your savings or investments, and use that pressure to fuel your financial genius, come up with new ways to make more money, and then pay the bills. Doing so will not only improve your ability to make money but also improve your financial quotient.

Poor people have bad habits, and a common bad habit is to casually "dump their savings."

Rich people know that savings can only be used to create more money, not to pay bills.

I know it sounds harsh, but like I said, if you're not strong enough, you're going to have to let the world push you no matter what.

6. Pay your agent well: The power of good advice. 

My rich dad taught me to do the opposite of these people. He insisted on paying professionals well, and I adopted that policy. Today, I employ expensive lawyers, accountants, real estate agents, and stockbrokers.

Why do you want to do this? Because I think if they are professionals, their services will create wealth for you, and the more wealth they create, the more money I make.

"When I meet with any professional who provides paid services, I start by figuring out how much property or stock they personally own and what percentage of the tax they pay, and that goes for my tax accountant as well as my accountant.

Look for a broker who cares about your interests. Many brokers will take the time to educate you, then they may be the best asset you can find. Treat them fairly and most of them will treat you fairly. If you're always thinking about reducing the commission you pay them, then why would they want to do their best to serve your interests? It's simple logic.

Personnel management is one of the important management skills. Many people just manage without themselves Smart people or people who don't have their own abilities, such as subordinates at work. 

Many middle managers stay in middle management and can't get promoted because they only know how to work with people whose positions are lower than theirs, but are not good at working with people who are higher than them. 

The real skill is being able to manage and pay people who are smarter than you in some technical field. That's why companies have an advisory board, you should have this You are a kind of advisor, and that is your financial intelligence.

A wise investor must see not only a return on investment but also that once you get your investment back, the assets you have because of it are worthless. This is also your financial intelligence.

As It is a habit that I use my desire to spend to motivate and use my financial genius to invest.

Remember that the easiest paths tend to get harder and the hard paths tend to get easier.

I follow two of Len Buffett's choices to invest and read all about his views on the market; I read Peter Lynch's book to understand how he chooses stocks; I also read Donald Trump's book to try to find out His skills in negotiating and closing deals.

7. Give first, take later: The power of giving.

Both of my dads were teachers. My rich dad taught me a life lesson about the need to be kind. The well-educated dad spends a long time imparting knowledge extensively but has little to give. He often says that if there is extra money, he will give it to others, but he rarely has any extra.

My rich dad provided both money and education, and he believed in making a difference in society. "If you want to gain, you first need to give," he always said, and even when he was short on money, he continued to donate to churches or charities he supported.

If I could give you a line of thought, it must be this line of thought: when you feel a "shortage" or "need" for something, the first thing to think about is to give, and only then will you "take" in the future Reward, whether it's money, smiles, love, or friendship. 

I know people tend to put this last, but it always turns out to be of great benefit to me. I believe the principle of mutual benefit is right, I pay for what I want.

My rich dad used to say, "The poor are more greedy than the rich." He explained that if a person is rich, that person can provide what other people want. As of today, whenever I feel that I need something, or lack money, or lack help, I think about what I really need in my heart, and then pay for it first. And once I pay for it, I always get something in return.

The more genuinely I teach those who want to learn, the more I learn from it. If you want to learn about money, tell others what you think first, and new ideas and good inspiration will burst forth like a torrent.

There are many forces in this world that are more capable than we have, and you may be able to succeed through your own efforts, but with the help of that force, you are more likely to succeed or achieve greater success. What you should do: Be generous with what you have. In turn, you are sure to be generously rewarded.

Chapter 10 Need something more? Here are some things to do.

Stop what you're doing. In other words, stop first and evaluate what works and what doesn't in what you're doing. Insanity is doing the same thing and hoping for a different result. Don't do things that don't work, find something that works.

Find new ideas. I often go to bookstores looking for unique, different propositions from which to get new investment ideas, which I call patterns.

For a transaction to be profitable, two conditions must be met: one is cheap, and the other changes. There are many cheap deals in the market, but only when there is change can a cheap deal be turned into a lucrative opportunity.

So when I jog, I jog near places where there are potential investments. Through repeated observation, I was able to notice some subtle differences. I'll notice real estate sale signs that hang for a long time, which means the sellers are eager to close. 

Watching moving trucks come in and out, I stop and talk to the driver. I also talked to postal truck drivers, and from these people, you can get startlingly detailed information about an area.


  1. Have a clear understanding of everything you do. In extreme terms, don't do useless things.
  2. Explore new fields and understand new investment models.
  3. Observe and think more.

5 things the author didn't tell you about "Rich Dad Poor Dad"

1. Is "Rich Dad" Really Someone?

Rich dad is fictional. Robert Kiyosaki published his " first book " "If You Want to Be Rich and Happy, Don't Go to School" in 1992, teaching parents how to invest in real estate rather than sending their children to school. In the book, he praised his biological father, Ralph H. Kiyosaki, as "the best teacher" in his life.

In the book "Rich Dad Poor Dad" published in 1997, the biological father who was once the best teacher became what he called " Poor Dad ". Since then, he has maintained that " Rich Dad " was a real person, asking publishers to classify them as " non-fiction books ." It wasn't until 2000 that he was invited to appear on Oprah's show, and this topical and inspirational " real thing " exploded.

However, as readers and reporters around the world unravel, there is a lot of evidence that there is no such thing as a rich dad. Finally, in an exclusive interview with SmartMoney magazine in 2003, Robert Kiyosaki himself said: " Is Harry Potter real? Why not make rich dad a legend, just like Harry Potter? "

2. Is the "author" Robert Kiyosaki the real thing?

He wasn't rich before the book was published. Many authors of books on investing and financial management have to claim enormous wealth, of course, in order to increase the credibility of their arguments. However, according to a Forbes survey, Robert Kiyosaki wasn't rich at all before 1997.

He founded the wallet company in 1977 and the retail company in the 1980s, which has since gone out of business. Until he developed the "cash flow game" in 1985 and even wrote "Rich Dad Poor Dad", there was not enough evidence that he ever got rich from real estate. Later, he joined Anli Direct Selling Company and used the direct selling system to sell cash flow games and books he wrote.

3. Do you know that the author has maliciously "bankrupt"?

Here talk about his third bankruptcy. As mentioned above, Robert Kiyosaki's first two bankruptcies belonged to the influence of the environment and luck. It is inevitable to fail in starting a business. What is rare is the courage and determination to make a comeback. However, his third bankruptcy in 2012 finally woke up everyone's alarm.

His company, Rich Global, has pushed the series of books, cash flow games, and speeches from various places to peaks through the help of the educational organization Learning Annex. Later, the court awarded $24 million to Learning Annex for unpaid expenses. In order to avoid compensation, he simply declared Rich Global bankruptcy.

Although the bankruptcy this time spared him an astronomical amount of compensation and did not hurt a single cent of his personal assets, it cost him his personal reputation. He perfectly demonstrated the principle of " bankruptcy is a strategy " in the book, and thoroughly demonstrated that " people who only have money in their eyes " really think differently from us.

4. Does "education" really matter?

Data is important. Robert Kiyosaki belittles those who work hard for their education and are hired to work, calling them " hamsters " and arguing that education has nothing to do with wealth. 

However, according to the statistics of the US Bureau of Labor in 2019, education has a strong correlation with the " unemployment rate " and " income ". The importance of education is self-evident, especially when it comes to increasing income.

Robert Kiyosaki has said more than once: " My goal in life is to make money, to make a lot of money. " But I think: " Wealth should be a by-product when you contribute your ability and provide value. And The only pursuit of non-poor life. ”

To some extent, education is proof of knowledge. What I worry about is the readers who are still ignorant of the values of life, so they give up the accumulation of knowledge or ability and go directly to the blind pursuit of money. Reasonable readers should consider this argument with caution.

5. What kind of medicine is sold in the gourd with so many books?

He doesn't just sell books, but high-priced games and courses. From the above story analysis, it is not difficult to see that what really made Robert Kiyosaki's fortune was not his brilliant financial means and investment skills, but his carefully crafted "Rich Dad" series of stories. 

In the series of books alone, 26 books have been published and more than 41 million copies have been sold worldwide.

First of all, we need to know that "Rich Dad Poor Dad" was written to promote the " cash flow game ". What surprised him was that this book became half the sky. I think the concept of "cash flow" is worth learning to help you refresh your financial understanding and look at the relationship between assets and liabilities from a different perspective. But are you going to spend a fortune on it? This is a matter of opinion.

Rich Dad Poor Dad After Reading

What do we get from reading this book?

The two fathers' very different ideas have brought about very different results. They are both responsible, smart, and wise people. They have been fighting for family and money all their lives, but their different understandings of money make them one. Always worry about bills, but one keeps accumulating wealth.

The biggest gain from this book is the change of thinking, for example, "a person's language can shape a person's thinking and cognition and affect his behavior." 

Poor dad always said, "I can't afford something." Can’t afford it”, the subconscious behavior is often to save money, while rich dad asked the author to say: “How can I afford it?” This cultivates problem-solving thinking.

This is a reference book that introduces how to improve your financial quotient. It explains some of the ways on the road to financial freedom through the author's own experience.

The knowledge points are as follows;

  1. Distinguish the difference between assets and liabilities. Assets can generate cash inflows, while liabilities generate cash outflows. Invest in assets instead of liabilities.
  2. Don't take the cycle of work-consumption-payment of bills as your lifestyle. The correct path should be to work-convert income into assets-assets generate income-consume with income.
  3. Don’t pay too much attention to specialization in work. The more specialization you can choose, the narrower you can choose. You should try to choose a job where you can learn relevant wealth skills. It doesn’t matter if your salary drops temporarily. All work is for you to invest and create assets more clearly...
  4. In the face of your own bosses and rich people, don't ask them for promotions and salary increases but learn how they got rich and what their thinking patterns look like.
  5. The poor and the middle class are the main taxpayers. The rich have various ways to avoid taxes reasonably, and at the same time prepare for pensions that the government cannot afford.
  6. The investment must be risk-conscious. Risky investments will accumulate assets quickly. Safer investments will require a long period of time to produce qualitative changes, and the last thing you should do is consume directly. If you understand the high-risk investment clearly, the risk is not really big, don't blindly invest in the direction you don't understand.
  7. Pay yourself before paying your bills, improve your financial quotient, and your creditors will urge you to find ways to increase your income. Self-discipline and self-confidence are also necessary to increase financial quotient.
  8. Pay attention to the suggestions of professionals, pay them the corresponding remuneration, and pay more to learn some relevant financial knowledge, the gain is much greater than the pay.

Conclusion of Rich Dad Poor Dad by Robert T. Kiyosaki

Different thinking, different results.

For another example, the book clarifies the concepts of assets and liabilities.

We often think that cars and houses are assets, but is this really the case?

After reading this book, you will know why some cars and houses cannot be assets.

The power of thought cannot be measured and evaluated. No matter who you follow the advice of, as long as you make the right choice under your own rational thinking, of course, you also have to bear the consequences of this choice, no matter whether the result is good or not. Bad.

You choose to read this book, whether you swallow it whole or record it carefully, it is your choice. Of course, in the future, I will also use 9 articles to carefully dismantle the content of this book. You can choose to follow me and bring more exciting content in the future.

Muhiuddin Alam is the Founder and Editor-in-Chief of He serves as a consistent contributor to various websites and publications, including Medium, Quora, Reddit, Linkedin, Substack, Vocal, Flipboard, and Amazon KDP. Alam personally read numerous books and, for the past 10 years, has been providing book recommendations and reviews. Find Me: About Me & Google Knowledge Panel.

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