Summary of the book Rich Dad Poor Dad By: Millionaire writer Robert Kiyosaki
My friend, this book gives you a different view about money and the way rich and poor think which include : –
1. The idea of reaching passive income is the most important financial goal.
2. The idea of the quadrilateral model
Assets 1. It is money that generates you and raises your level of wealth
Income 2. your salary commissions
Expenses 3. Buy daily products such as supermarket items (Daily bills)
Obligations 4. Rent. car premium and others related to it.
3. The idea that you start your business makes your job will make you pay your bill and your own business will make you rich.
4. Financial education makes you financially smart.
The Quadrilateral Model for Financial Learning.
1. Accounting basics.
2. investment.
3. Understand the markets.
4. Fundamentals of Law.
5. Feelings that prevent you from becoming rich such as : – Fear , The irony of money, Laziness, arrogance pretending to understand about money, bad financial habits.
This is a summary of the most important ideas, read this book or listen to an audio book to get more benefit.
\”See you on top my friend\”
By: Majid Hussein
