FINANCIAL PREPPING: Rich Dad Poor Dad is a book by Robert Kiyosaki. It advocates financial independence through investing, real estate, owning businesses, and increasing one's financial intelligence
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(English version) or here on Bol.com (Nederlandse versie)
Among some of the book's topics are:
- Robert Kiyosaki's personal story
- The difference between assets and liabilities
- What the rich teach their kids about money that the poor and middle class do not
- The idea that your house is not an asset, unless you are using it to produce revenue
- The value of financial intelligence and financial literacy
- How corporations spend first, then pay taxes, while individuals must pay taxes first
- How corporations are artificial entities that anyone can use, but the poor usually do not know how
- The importance of investing and entrepreneurship
Kiyosaki stresses the ownership of high value assets, rather than being an employee in the book.
Editors note: I read this book 10 years ago and it changed my life. Got questions about the concepts in this book (or Kiyosaki´s other books)? Send me a message on twitter or leave a comment here.