Final section of Rich Dad Poor Dad....
Stop doing what you’re doing by taking a break and assessing what is and isn’t working.
Look for new ideas by finding resources on different and unique subjects.
Find a mentor who’s been where you're going, take them to lunch and pick their brain.
Always be learning by taking classes, attending seminars, and reading.
Make lots of offers (always with escape clauses) because eventually someone will say “Yes.”
Spend ten minutes each month for the next 12 months walking, running, or driving a certain area and looking for changes that create bargains.
Shop for real estate deals when the market corrects, because profits are made when buying, not when selling.
Learn how, when, and where to buy by investing in your education.
Think bigger to get richer, because small thinkers don’t get the big breaks.
Most people only look for what they can afford, so buy a bigger pie and cut it into pieces by finding a buyer first, then a seller.
Negotiate volume discounts by thinking big, pooling people together, and buying in bulk.
Read and learn from history, because history always repeats itself.
Action always beats inaction.
Is Rich Dad Poor Dad Worth Reading?
The goal of Rich Dad Poor Dad is to motivate you to develop your own unique path to financial freedom.
While the book doesn’t take a one-size-fits-all approach with ready-made answers, it does provide an excellent framework for creating your own objectives to build wealth by investing in real estate.
Strengths
Provides a contrarian view that is different from the “common knowledge” found in most personal finance education
Focuses on turning income you earn into assets that produce even more income
Encourages controlling spending and expenses
Explains why investors should focus on real estate vs. other asset types
Emphasizes the power of thought and continual learning
Talks about taking action instead of just thinking about it
Weaknesses
Success examples in the book are unique to Kiyosaki’s specific situation and may be hard to replicate
Some parts of the book also lack detail, which may make the concepts discussed more difficult to apply
Frequently demeans people who are more comfortable following the herd rather than thinking for themselves
Rich Dad Poor Dad is a motivational book, not a book written by a financial expert
Punam verma
17-Apr-2022 08:46 AM
Nice
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Reyaan
15-Apr-2022 04:07 PM
Nice 👌
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Sachin dev
15-Apr-2022 02:15 PM
Very nice 👌
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