Rich Dad Poor Dad by Robert T. Kiyosaki

Rich Dad Poor Dad is a book that conveys several key lessons which can be summarized as follows:

1. Save First, Spend Later


2. Build Assets (Things which make you money like stocks, businesses, rent, interest etc...)


3. Limit Liabilities (Things which take money out of your pocket like your car, house, pets etc...)


4. Most trained professionals, or intellectuals, are one skill away from creating a lot of wealth, and that skill is sales

Another beautiful point Kiyosaki makes is that people who start businesses really have no interest in working for money. They have interest in creating win win opportunities that generate money for them.

He gives an example of when he and a friend were kids and his friend's Dad, his Rich Dad, offered them jobs. He dared them to accept, and kept on raising the hourly wage to ridiculous levels, something like $700 an hour. The result is that the kids didn't accept, the amount of money was too ridiculous, and it spoke to the part of them that couldn't be bought. At the point that they stopped caring about money, they knew they could find opportunities, and add value to people's lives. It really is a beautiful thought.

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