Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money
In this article you will know about Rich dad poor dad book, Why should you read this?, and how to download PDF file of this book for free.
Information About Rich Dad Poor Dad book
Rich Dad Poor Dad is a 1997 book written by Robert Kiyosaki and Sharon Lechter.
It teaches reader to understand the importance of financial literacy (financial education), financial independence and building wealth through investing in assets, real estate investing.
Rich Dad Poor Dad teaches you to think like the rich, and explains how money works : giving you the secrets about money that rich teach their children. By reading this book you’ll better understand the power of money, investments, and secrets of assets. If you want to be rich, then Rich Dad Poor Dad is a great place to start your learning process.
Rich Dad Poor Dad has sold over 58 million copies in more than 51 languages across more than 109 countries because it is the number one book for financial education till now.
About the book
Name : Rich Dad Poor Dad
Author : Robert Kiyosaki, Sharon L. Lechter
Language : English (But translated into 51 different languages)
Country : United State
Publication date : April 1, 2000
Total Number of Pages : 207.
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Short Paragraphs of Rich Dad Poor Dad
Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money.
One of the reasons the rich get richer, the poor get poorer, and the middle class struggles in debt is that the subject of money is taught at home, not in school. Most of us learn about money from our parents. So what can poor parents tell their child about money?
They simply say, “Stay in school and study hard.” The child may graduate with excellent grades, but with a poor person’s financial programming and mindset….(more in book)
For example, my poor dad always said, “I’ll never be rich.” And that prophecy became reality. My rich dad, on the other hand, always referred to himself as rich. He would say things like, “I’m a rich man, and rich people don’t do this.” Even when he was flat broke after a major financial setback, he continued to refer to himself as a rich man. He would cover himself by saying, “There is a difference between being poor and being broke. Broke is temporary. Poor is eternal.”
My poor dad would say, “I’m not interested in money,” or “Money doesn’t matter.” My rich dad always said, “Money is power.”
Kim and I are not real estate agents. We are strictly investors. After identifying a unit in a resort community, we called an agent who sold it to him that afternoon. The price was a mere $42,000 for a
two-bedroom townhome. Similar units were going for $65,000. He had found a bargain. Excited, he bought it and returned to Boston.
Two weeks later, the agent called to say that our friend had backed out. I called immediately to find out why. All he said was that he talked to his neighbor, and his neighbor told him it was a bad deal. He
was paying too much. I asked Richard if his neighbor was an investor. Richard said he was not. When I asked why he listened to him, Richard got defensive and simply said he wanted to keep looking.
The real estate market in Phoenix turned, and a few years later, that little unit was renting for $1,000 a month—$2,500 in the peak winter months. The unit was worth $95,000. All Richard had to put down was $5,000 and he would have had a start at getting out of the Rat Race. Today, he still has done nothing. (More in Book)
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