10 lessons from Rich Dad Poor Dad for Mastering Money
Snippets from Rich Dad and Poor Dad and tips to build Reading Habit
Hi Curious Minds,
In today's issue:
Weekly Book Highlights from Rich Dad Poor Dad by Robert T. Kiyosaki
One easy Tip on How to build a reading Habit
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📚 Weekly Book Highlights
In this week's edition of Curiosity Logs, we're delving into the timeless classic "Rich Dad Poor Dad" by Robert Kiyosaki.
Rich Dad Poor Dad by Robert T. Kiyosaki & Sharon L. Lechter
From redefining the concept of wealth to understanding the importance of financial education, "Rich Dad Poor Dad" offers invaluable insights for building wealth and achieving financial independence.
Join me as we uncover enlightening snippets and actionable advice from Kiyosaki's exploration of financial literacy and mindset.
Opportunities come and go. Being able to know when to make quick decisions is an important skill.
“Life pushes all of us around. Some give up. Others fight. A few learn the lesson and move on. They welcome life pushing them around. To these few people, it means they need and want to learn something.
“The poor and the middle class work for money.” “The rich have money work for them.”
“The pattern of get up, go to work, pay bills, get up, go to work, pay bills… Money is running their lives, and they refuse to tell the truth about that. Money is in control of their emotions and hence their souls.”
The assets are large enough to grow by themselves. It’s like planting a tree. You water it for years and then one day it doesn’t need you anymore.
“If you want to be rich, you need to be financially literate.”
Rule One. You must know the difference between an asset and a liability, and buy assets.
KISS principle—“Keep It Simple Stupid”
“The rich acquire assets and the poor and middle class acquire liabilities.”
An asset is something that puts money in my pocket. A liability is something that takes money out of my pocket.
PS : I’d love to know: What is the single snippet above that sounds most interesting or impactful to you?
How to build a reading Habit:
(As a process you enjoy)
Read what you love until you love to read.
Go for a genre which you love
📚 If you love a sports star try reading his biography
📚 You like detective or crime novel go for it.
📚 You liked a movie based a book, try reading that book.
Idea is to fall in love with the process. You can go for classics and non fiction later.
PS: What is one topic or book you can read without any pressure this month?