Impressions of “Rich Dad Poor Dad” by Robert Kiyosaki

Masha Samartsava
Masha Samartsavashared an impression3 months ago

Interesting insights which are generally know. Big focus on increasing your own financial intelligence which, I agree, is not taught in schools. Important focus on the weak areas that might be stopping each individual from reaching their top level of intelligence (which applies for every aspect of our lives).

Financial intelligence according to this book is gained through learning about finances, financial risk, investment, taxes and business law as early as possible, investing and taking risks, learning from top expert in each field (to save yourself time) and honing the skill to a higher level with each year of active experience.

Some points stood out now that I am reading from a more European socialist environment and some ideas are definitely not as applicable but a great book to get you thinking about your own management of money and depending less on your job, state and pension for the financial freedom you want.
Personally I took away two mains ideas:

1) It is ok to fail and the wisest investors are those who have learned through their failures.
2) Every month you must pay yourself first before you pay other (rent, food, taxes, etc) - was rather counterintuitive at first, but I understand it and agree with it after reading the book.

"Invest first in education. In reality, the only real asset you have is your mind, the most powerful tool we have dominion over. "

"Simply put, people who have low self-esteem and low tolerance for financial pressure can never be rich. As I have said, a lesson learned from my rich dad was that the world will push you around. The world pushes people around, not because other people are bullies, but because the individual lacks internal control and discipline. People who lack internal fortitude often become victims of those who have self-discipline."

Ana Vranjes
Ana Vranjesshared an impression7 months ago
👍Worth reading
💡Learnt A Lot
🎯Worthwhile

Really pushes you to take control and learn about money in a whole different way! Challenging and inspiring

gadoteba93
gadoteba93shared an impression2 hours ago

Very interesting and highly knowledgeable

Harris Guardians
Harris Guardiansshared an impression2 months ago
💡Learnt A Lot

Its really amazing story teach this to young students who want to be rich who wants to enter the higher air, you are not born to be poor if you are born poor, its you what you chose!

ainaoluwapelumi42
ainaoluwapelumi42shared an impression7 months ago
👍Worth reading

Worth reading

lisandanire
lisandanireshared an impression2 months ago
👍Worth reading

Janne Eriksen
Janne Eriksenshared an impression17 days ago
💡Learnt A Lot

Mohamed Mamdouh
Mohamed Mamdouhshared an impression2 months ago
👍Worth reading

Eder Urban
Eder Urbanshared an impression2 months ago
🎯Worthwhile

momotabashar
momotabasharshared an impression3 months ago
👍Worth reading
🔮Hidden Depths
💡Learnt A Lot
🎯Worthwhile

Idan Scharf
Idan Scharfshared an impression5 months ago
👍Worth reading
🎯Worthwhile

👍Worth reading
🔮Hidden Depths
💡Learnt A Lot
🎯Worthwhile

Kid
Kidshared an impression5 months ago
👍Worth reading
💡Learnt A Lot
🎯Worthwhile

Djordje Lukovic
Djordje Lukovicshared an impression6 months ago
👍Worth reading

robert nemet
robert nemetshared an impression6 months ago
👍Worth reading
💡Learnt A Lot
🎯Worthwhile

Flemming Møller
Flemming Møllershared an impression8 months ago
👍Worth reading
💡Learnt A Lot

Tanish Lodha
Tanish Lodhashared an impression8 months ago
👍Worth reading

bookmate icon
One fee. Stacks of books
You don’t just buy a book, you buy an entire library… for the same price!
fb2epub
Drag & drop your files (not more than 5 at once)