Books to change mindset.

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RICH DAD POOR DAD – Robert T. Kiyosaki 

Rich Dad Poor Dad book is written by Robert T. Kiyosaki in 1997. 
Robert Toru Kiyosaki is an American businessman and author. He is an owner of Rich Dad Company and Rich Global LLC. 
The book is on how parents are shape the mindset of their children.

“What the Rich teach their kids about Money 

  That the Poor and Middle class do not”.


It explains the importance of Financial Learning, Financial Future, Financial Mindset, Financial independence, Wealth Management, Investment, and Enhanced Financial intelligence.

The book advocates difference between Poor mindset and Rich mindset.


Poor mindset Rich mindset 
The love of money is the root of all evil. The lack of money is the root of all evil.
I can’t afford it. (Brain stops working)  How can I afford it? (Brain is put to work) 
Study hard so you can find a good job in company. Study hard so you can find a good company to buy. 
Don’t take risks.  Learn to manage risks. 
House is a largest investment and our greatest assets. If house is the largest investment, you’re in trouble, house is an only liability. 
How to write impressive resume so I could find a good job.  How to write strong business and financial plans so I could create jobs. 
Money doesn’t matter. Money is power. 
I work for money.   I don’t work for money; money works for me. 

LESSONS I LEARNED FROM THIS BOOK: 

  • PUT YOUR MONEY TO WORK:
              You cannot get rich with your money in savings account.
             Invest in appreciating assets.
  • AMOUNT OF MONEY RETAINED MATTERS:
             It is not the amount of money you make,
               It's the amount of money you keep that matters.
  • ACQUIRE ASSETS:
             Rich people acquire assets while poor accumulates liabilities,
               Your choices will determine your fate.
  • YOU ARE NOT BORN TO WORK FOR OTHERS FOR LIFETIME:
              Most people consider this slavery as their life,
                Completely forgetting the life possible beyond that.
  • GAIN FINANCIAL KNOWLEDGE:
              Learn about investing, markets, accounting, sales and others.
              It will help you make overall better financial decisions.
  • WINNING MEANS NOT BEING AFRAID TO LOSE:
              Never be afraid to take calculated risks.
              Those who always play it safe never made big fortunes.
  • PAY YOURSELF FIRST: 
               Every month, first invest in your income-generating assets,
                 The rest of expenses should be next to it.

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