8 Lessons I learned from the book, “Rich Dad, Poor Dad”
1. Dream Big
You cannot earn millions by just dreaming of a small job. Plan and dream big ventures and play with heart.
2. Pay Yourself First
Every month, first invest in your income-generating assets, the rest of expenses should be next to it.
3. Winning means not being afraid to lose
Never be afraid to take calculated risks. Those who always play it safe never make big fortunes.
4. Gain Financial Knowledge
Learn about investing, markets, accounting, sales and others. It will help you make overall better financial decisions.
5. Acquire Assets
Rich people acquire assets while poor accumulates liabilities. Your choices will determine your fate.
6. Amount of Money Retained Matters
It is not the amount of money you make, but the amount of money you keep that matters.
7. Put Your Money to Work
You cannot get rich with your money in savings account, invest it in appreciating assets.
8. 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.