This blog is about 20 best lines or quotes from this amazing book called "Rich Dad Poor Dad" by "Robert Kiyosaki". This is a super amazing book. This is one of those book which finically literate you in a superbly amazing way. In this book "Robert Kiyosaki" has very neatly differentiated between how "Rich People" think about money and how "Poor People" think about money.
This book is must read for anyone who want to achieve financial freedom. The most amazing part of the book is "how to differentiate between assets and liabilities". And after reading this book you will also reconsider things you now consider as assets and it will help you to actually create assets and be financially free and who don't want financial freedom. For now enjoy some best lines from this book and motivate yourself to buy this book.
Let's start,
Wealth is a major of the cash flow from asset column compared with the expense column.
Chapter: Why teach Financial Literacy?, Page No = 110
Rule No. 1, Robert says, is that you must know the difference between an asset and a liability, and only buy assets.
Chapter: Why teach Financial Literacy?, Page No = 116
When your assets generates enough income to cover your expenses, you are wealthy, even if you are not rich
Chapter: Why teach Financial Literacy?, Page No = 122
Intelligence solves problems and produces money. Money without financial intelligence is money soon gone
Chapter: Why teach Financial Literacy?, Page No = 123
To become financially secure, a person needs to mind his own business.
Chapter: Mind Your Own Business, Page No = 131
Start minding your own business. Keep your daytime job, but start buying real assets, not liabilities.
Chapter: Mind Your Own Business, Page No = 136
Promotions or a better job will only help you become more financially secure if the additional money is used to purchase income-generating assets.
Chapter: Mind Your Own Business, Page No = 142
The rich focus on their asset columns while everyone else focuses on their income statement.
Chapter: Mind Your Own Business, Page No = 145
With money comes great power that requires the right knowledge to keep it and make it multiply.
Chapter: History of taxes and power of corporations, Page No = 157
Financial IQ is actually the synergy of many skills and talents.
Chapter: History of taxes and power of corporations, Page No = 163
As long as you trading up in value, you won't be taxed on the gains until you liquidate.
Chapter: History of taxes and power of corporations, Page No = 169
Financial IQ is made up of four things: accounting, investing, understanding markets, and the law
Chapter: History of taxes and power of corporations, Page No = 170
The reality is that the rich are not taxed. It's the middle class who pay for the poor, especially the educated upper-income middle class
Chapter: History of taxes and power of corporations, Page No = 172
Often in the real world, it's not the smart who get ahead, but the bold.
Chapter: The Rich Invent Money, Page No = 175
We all have tremendous potential, and we all are blessed with gifts. Yet the one thing that holds all of us back is some degree of self-doubt.
Chapter: The Rich Invent Money, Page No = 176
Land was wealth 300 years ago. Later, wealth was in factories and production. Today, wealth is in information.
Chapter: The Rich Invent Money, Page No = 178
Why you want to increase your financial intelligence? Because you want to be kind of person who creates your own luck.
Chapter: The Rich Invent Money, Page No = 183
The single most powerful asset we all have is our mind. If it is trained well, it can create enormous wealth.
Chapter: The Rich Invent Money, Page No = 185
Time is one of the greatest assets.
Chapter: The Rich Invent Money, Page No = 192
The real hot deals are not offered to people who are novices. Often, the best deals are reserved for those who understand the game.
Chapter: The Rich Invent Money, Page No = 197
This book is super amazing all the lines mentioned above are from first few pages only. I am going to make more of this blog. I post my "Best Lines" blog every Monday 9 am. So stay tuned for another one.
Have a Great Day
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