Income Generating Assets Rich Dad Poor Dad

Stocks and income.

Income generating assets rich dad poor dad. Rich dad poor dad is a great book. Businesses stocks bonds mutual funds income generating real estate royalties anything which appreciates in value over time. Keep buying income generating assets. And investing in businesses early on.

For most people their profession is their income. Aquire assets that you love. For rich people their assets are their income. Notes from rich dad poor dad book.

Rental real estate and apartments. Mind your own business. If you are prepared which means you have education and experience said rich dad and you find a good deal the money will find you or you will find the money rich dad s point was that getting the money was the easy part. Other than some basic personal finance knowledge i think the finest part of this book is where the author.

A lot of people spend their entire lives earning just one source of income. While there are countless lessons to be learned in rich dad poor dad by kiyosaki this lesson is often the most pivotal. He makes most of this sound a. In this book robert talks a lot about his own father as the poor dad and he creates a fictional rich dad to discuss how the habits of each dad differ.

Also unfortunately even though rich dad poor dad is the best selling personal finance book of all time with over 32 million copies sold millions upon millions more have never read the book and are suffering financially today. In that book i shared my rich dad s simple formula for assets versus liabilities. Liabilities a liability. I don t what lesson others get from it.

He breaks the paradigm that says you need to earn a lot of money to consider yourself rich and that the richest people don t store or save their money but instead they take their money and get rid of it so it can work for them. I went from living in a tiny apartment in detroit to living in a nice high rise place in san fran by building and ranking simple websites that generate customers for small businesses like the tree care site next to me. Rich dad reminded me that my job was to stay focused on the opportunities in front of me to be prepared. It does not encourage people to earn money through un.

Here are the big 10 ideas from rich dad poor dad. In my opinion this book encourages money making in the way that a person can feel achievement and end his her misery. Also he advocates starting and buying businesses. Many have read the famous personal finance book rich dad poor dad by robert kiyosaki.