What is Chapter 9 about in Rich Dad Poor Dad?
What is Chapter 9 about in Rich Dad Poor Dad?
“Finding a good deal, the right business, the right people, the right investors, or whatever is just like dating. You must go to the market and talk to a lot of people, make a lot of offers, counteroffers, negotiate, reject, and accept.”
What is the summary of rich dad and poor dad?
Rich Dad Poor Dad is about Robert Kiyosaki and his two dads—his real father (poor dad) and the father of his best friend (rich dad)—and the ways in which both men shaped his thoughts about money and investing. He says that his poor dad went to Stanford and earned a Ph.
What is the message in Rich Dad Poor Dad?
The overarching theme of Rich Dad Poor Dad is how to use money as a tool for wealth development. It destroys the myth that the rich are born rich, explains why your personal residence may not really be an asset, describes the real difference between an asset and a liability, and much more.
What was the lesson rich dad was teaching Robert with paying him 10 hour?
The lesson was “Never work for money Otherwise, you will spend your whole life blaming and switching jobs.” Rich Dad tells Robert that the rich don’t work for money; they let the money work for them.
What was the first lesson that rich dad taught Mike and Robert?
The main lesson he taught in the office that day was that Robert could either end up like his employees who blame others for his problems, or he could take another path and become a wealthy man. Rich dad had suggested that the two boys find a new way to make money outside of working for someone else.
How did the rich invent money?
The rich invent money through: The knowledge that they have, Their mental agility, and. Their courage to put a plan into action.
What is the second lesson that Kiyosaki’s rich dad taught him?
According to the rich dad, fear is the primary emotion when the subject of money is discussed. It keeps most people to stay in their job because they fear of not being able to pay the bills or not having enough money. Greed is the second; if you offer more money, they also increase spending.
How did Robert Kiyosaki make his money?
Best known for a series of books called Rich Dad Poor Dad, Kiyosaki has built everlasting wealth through his lifelong journey of investing, speaking events, and real estate. The majority of his revenues come from his seminars conducted by individuals who pay to use the Rich Dad brand name for marketing reasons.
What is the conclusion of Rich Dad, Poor Dad book?
The result is that the majority of people get trapped in work to pay their bills and are chasing paychecks all their life. This is the sad conclusion Robert Kiyosaki draws in his bestselling book Rich Dad, Poor Dad. Luckily, he also offers a way out. A way to get ahead.
What are the six lessons in Rich Dad, Poor Dad?
Rich Dad Poor Dad Lessons
- Lesson 1: The Rich Don’t Work for Money.
- Lesson 2: Why Teach Financial Literacy?
- Lesson 3: Mind Your Own Business.
- Lesson 4: The History of Taxes and The Power of Corporations.
- Lesson 5: The Rich Invent Money.
- Lesson 6: Work to Learn—Don’t Work for Money.
What is the true meaning of wealth?
Wealth measures the value of all the assets of worth owned by a person, community, company, or country. Essentially, wealth is the accumulation of scarce resources. Specific people, organizations, and nations are said to be wealthy when they are able to accumulate many valuable resources or goods.
What is wealth measured by?
What Is Wealth? Wealth measures the value of all the assets of worth owned by a person, community, company, or country. Wealth is determined by taking the total market value of all physical and intangible assets owned, then subtracting all debts.
What is Rich Dad Poor Dad about?
Rich Dad Poor Dad is Robert Kiyosaki’s best-selling book about the difference in mindset between the poor, middle class, and rich. In this Rich Dad Poor Dad book summary, we’ll break down some of the best lessons Kiyosaki shares to help you become more financially literate. So, let’s dive in. Don’t wait for someone else to do it.
What is Rich Dad Poor Dad about Robert Kiyosaki?
Rich Dad Poor Dad is Robert Kiyosaki’s story of growing up with a “Poor Dad” (his middle class biological father) and a “Rich Dad” (his best friend’s father and a savvy entrepreneur). Kiyosaki learned rich people buy assets that make them money, rather than working for an income.
What did Robert’S Rich Dad say to him?
Robert’s rich dad taught him to be charitable. His poor dad taught him to give away his time and knowledge, but not money. Rich dad says, “If you want something, you first need to give.” If you want money, give money. Chapter Nine: Still Want More?
How would you describe Poor Dad in a sentence?
Poor dad believed in the traditional principles of working hard, saving money, and not buying material things that one cannot afford. He believed that having a good job with a solid company is what one should aspire for; hence he expresses disappointment when his son leaves the employ of a large, reputable corporation.