23/06/2023
"The best investment you can make is in yourself."
The authors of the book Rich Dad Poor Dad are Robert Kiyosaki and Sharon Lechter. Since its initial publication in 1997, more than 40 million copies have been sold globally. The book is a personal finance manual that questions how people typically see money.
As he advised, Don't be afraid to take risks. Being a successful entrepreneur requires taking risks.
Risk is the cost of entry into the world of finance. Anyone who wishes to improve their financial status should read Rich Dad Poor Dad.
Kiyosaki narrates the tale of his two fathers: his biological father, a highly educated but unsuccessful businessman, and the father of his best friend, a self-made millionaire. He places a strong focus on the value of lifelong learning. You must always be studying since the financial world is continuously evolving.
Kiyosaki instructs the reader on the value of financial literacy, financial independence, and asset-based wealth creation through the tales of his two fathers. However, he states above everything else that "The best investment you can make is in yourself."
And makes the following claim regarding the value of mistakes: "In school, we are taught that making mistakes is bad, and we are punished for doing so.
However, if you consider how humans are built, we learn through making mistakes. We stumble when learning to walk. We wouldn't be able to walk if we never fell.
He emphasises the significance of a healthy cash flow. The only way to achieve financial independence is to invest in assets that generate more income than you consume.
Rich Dad Poor Dad is not a get-rich-quick scheme. It is a book about financial education and financial independence.
Rich people don't work for pay. They receive compensation for their work. It is a potent book that can alter your perspective on money and assist you in achieving financial independence.
"The root of all evil is the love of money.
The cause of all evil is a lack