Let's hear it to the master that teaches financial literacy.Robert Kiyosaki tells a story of two dads, a rich one and a poor one. One was highly educated; had a Ph.D. and completed four years of undergraduate work in less than two years. The other father never finished the eighth grade. Both men were successful in their careers, working hard all their lives. Both earned substantial incomes. Yet one struggled financially all his life - the dad with the college degrees. The other would become one of the richest men in Hawaii - the eighth grade dropout. The big idea of the book is that Financial Literacy = Financial Independence
Following, I have outlined and summarized Robert Kiyosaki's book. All quotes and information comes from the book. This outline/summary is not intended to replace the book ... only to enhance your reading experience by providing a guideline of key points
Lesson One
The Rich Don't Work For Money
- You're only poor if you give up. The most important thing is to do something. Most people only talk and dream of getting rich.
- Opportunities come and go. Being able to know when to make quick decisions is an important skill. If you can't make up you mind decisively, then you'll never learn to make money anyway.
- If you learn life's lessons, you will do well. If not, life will just continue to push you around. Life pushes all of us around. Some give up. Others fight.
- Each human being has a weak and needy part of their soul that can be bought. Each human being also has a part of their soul that is strong and filled with a resolve that could never be bought. It is only a question of which one is stronger.
- The reason many rich people are rich is not because of desire but because of fear. They actually think that money can eliminate that fear of not having money, of being poor, so they amass tons of it only to find out the fear gets worse.
- A job is really a short-term solution to a long-term problem.
- The main cause of poverty or financial struggle is fear and ignorance.
- To spend your life living in fear, never exploring your dreams, is cruel.
- To live a life dictated by the size of a paycheck is not really a life.
- History repeats itself because we do not learn from history. We only memorize historical dates and names, not the lesson.
More to come...
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