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Rich dad poor dad audio book
If you’re looking for a financial book that will teach you how to think like the rich, then look no further than the rich dad poor dad audio book.
This audiobook has been number one on the New York Times bestseller list for over six years and counting, and it’s easy to see why. In Rich Dad, Poor Dad, Robert Kiyosaki examines the different financial mindsets of those who are struggling financially and those who are successful.
Robert Kiyosaki argues that it’s not intelligence or education that sets the wealthy apart from the poor – it’s their mindset. If you’re ready to start making more money, then this is the perfect book for you. But be warned – once you start learning about financial freedom, there’s no turning back!
Most people think that to be rich, you need to have a high income.
This is not only untrue, but it’s also a very dangerous belief to hold. If you’re working for money, you’ll always be chasing after it and never have enough.
Rich dad poor dad audio book will teach you the difference between working for money and having your money work for you. You can become financially free by following Robert’s simple advice – invest in yourself and learn how to make your money work for you.
Our own experience reading the book
I found the rich dad poor dad audio book to be an incredibly eye-opening experience. I was blown away by Robert’s arguments and how he so clearly laid out the differences between the wealthy and the poor.
What struck me was his point about working for money versus having your money work for you. It was something that I had never really considered before, but it makes so much sense. If you’re always chasing after money, you’ll never have enough. But if you invest in yourself and learn how to make your money work for you, you can become financially free.
I would highly recommend rich dad poor dad audio book to anyone who wants to learn more about financial freedom and how to make their money work for them. It’s a life-changing book that I will never forget.
The history of taxation and the power of corporations
It should be noted when reading these chapters that Kiyokai wrote Rich father, poor dad as a motivational book and not as a financial or tax advisor. Kiyosaki writes about the time that his business expenses were considered to be business expenditures using pre-tax dollars.
If you bought a very expensive luxury automobile it can get you into court unless there is a much less expensive make. But if you don’t have a Porsche, you know the best way to invest smarter. The rich know the power of the company structure and tax system and employ all the legal methods available to reduce their tax burden.
Tell me the importance of financial literacy?
The second chapters in Rich father Poor dad explain the distinction between assets and liabilities. This chapter shows us that you should have no interest in making money, just what money you have.
Assets have measurable value that can produce income or appreciation, and have a market where assets can easily be bought and rented. Conversely, liabilities can take you away due to their costs. Kiyosaki created many controversy when he first released Rich Dad Poor Dad in 1997. A private house is a real property if the value is not sufficient to offset its cost of ownership.
Financial literacy
Financial literacy is not taught in schools as a lot of people think that financial literacy is something that should be taught in schools. However, this is not the case. Most schools do not teach financial literacy at all. This is a huge problem because it means that most people are not prepared for the real world when it comes to money or make money work for them.
The good news is that you don’t need to go to school to learn about financial freedom. You can do it on your own by reading books like Rich Dad, and Poor Dad by Robert Kiyosaki.
This book is a great place to start because it will teach you the basics of financial literacy. It is important to note that there is no one-size-fits-all solution to financial freedom. What works for one person may not work for another. This is why it is so important to learn as much as you can about financial literacy. The more you know, the better prepared you will be to make smart financial decisions.
There are a few key concepts that you should learn about if you want to be financially literate. First, you need to understand the difference between needs and wants. Needs are things that you must have to survive, such as food and shelter. Wants are things that you would like to have, but they are not essential for survival. It is important to be able to distinguish between the two because it can help you make better financial decisions.
Second, you need to understand the concept of debt. Debt is when you borrow money from someone and then agree to pay them back over time. This can be a good thing if you use the money to buy something that will increase in value over time, such as a house or an education. However, debt can also be a bad thing if you use the money to buy things that will depreciate, such as a new car.
Third, you need to understand the concept of savings. Savings is when you put money away into an account so that you can use it in the future. This is a good thing to do because it can help you reach your financial goals.
Fourth, you need to understand the concept of investing. Investing is when you put your money into something so that you can make more money in the future. This can be a good thing to do if you are smart about it and invest in things that have the potential to grow in value.
Finally, you need to understand the concept of risk. Risk is when you could lose your money if something goes wrong. This is a bad thing, but it is important to understand because it is a part of life. You can’t always avoid risk, but you can try to minimize it by making smart financial decisions.
These are just a few of the important concepts that you need to understand to be financially literate and develop your financial intelligence. If you want to learn more, there are many resources available to you. You can read books like rich dad poor dad audio book, take classes, or even talk to a financial planner. The most important thing is that you take the time to learn about this important topic.
Poor and middle class
Work to learn – Don’t work for money
Poor Father was intelligent and very educated but worked hard because his job was crucial. Rich Father makes millions of dollars by learning. Kiyosaki says: “I encourage all young people to find jobs to learn, rather than to earn money. And that is exactly what Kiyosaki has done. In college, he entered the Marine Corps, where his primary job was to learn leadership management skills in a fast-paced business environment.
Overcoming obstacles
Rich Dad Poor Dad Chapter 7 describes how rich people handle fear. Robert Kiyosaki does not talk about the fears people experience while visiting a dentist. Fear is a book devoted entirely to the fear that someone could lose a fortune or lose a job. This is one of the five major obstacles that many people face in their quest to achieve financial independence.
Mind your own business
The book contains three key themes: Kiyosaki notes in chapter 3 Rich Dad Poor Dad that the majority are confused between the profession and business. They spent all their lives doing something that made them rich. A quote of mine from this section is the following: “The main reason many people are fiscally conservative are their financial foundations.
The rich don’t work for money
Sometimes the title is misunderstood, and sometimes the poor misinterprets it. Actually it’s exactly the reverse. Instead of seeing chapter titles like “The Rich don’t work for money.” Kiyosaki means “The Rich don’t work for money.” Most people in the world work extremely hard, but they work different ways. Rich people work everyday to make a living.
Rich Dad Poor Dad Lessons
“There is something different between being rich or broke: Broken is temporary, Poor is everlasting.” “Money goes but when you know how the money works, you gain a sense of control over that money and start creating wealth”. The human life will be forever. Assets put money on a person’s pocket. A liability can make you lose money.
The Rich Invent Money
Inventing money involves finding a way to make a profit for someone else who doesn’t possess the knowledge and skills necessary to do it. Rich Dad Poor dad demonstrates that there are two types of investors: Here is one of my favorite closing thoughts from the chapter.
Readers questions and answers
Is it worth reading Rich Dad Poor Dad?
It depends on what you’re looking for in a book. Rich Dad Poor Dad is a great introduction to the principles of financial literacy and investment, but it’s not a get-rich-quick scheme. If you’re hoping to find a magic formula for making money, you’ll be disappointed. However, if you’re willing to learn about personal finance and investing, Rich Dad Poor Dad is a good place to start.
What is the story behind Rich Dad Poor Dad?
The story behind Rich Dad Poor Dad is that the author, Robert Kiyosaki, was raised by two fathers – his biological father, who he calls his poor dad, and his best friend’s father, who he calls his rich dad. Growing up, Kiyosaki noticed that his rich dad had a lot of money, while his poor dad did not. This led Kiyosaki to wonder what the difference was between the two men.
Kiyosaki eventually came to realize that his rich dad had a different mindset when it came to money. His rich dad understood that money could be used to make more money, while his poor dad believed that money was something to be spent cautiously. This difference in mindset is what ultimately led to the success of Kiyosaki’s rich dad.
Rich Dad Poor Dad is not just a story about two fathers, it’s a guide to financial literacy and investment. If you’re willing to learn from it, the book can be a valuable tool for achieving your financial goals.
What is an asser according to Robert Kyiosaki?
In Rich Dad Poor Dad an asset is something that puts money in your pocket, while a liability is something that takes money out of your pocket. In order to become rich, you need to focus on acquiring assets. The more assets you have, the more money you will make.
Kyiosaki gives the example of a house. A house is not an asset because it costs money to maintain it. However, a house can be turned into an asset by renting it out. The rent you receive from your tenants will put money in your pocket, making the house an asset.
Another example of an asset is a business. A business generates income and can put money in your pocket. A liability, on the other hand, is something that costs you money. An example of a liability is a car. A car needs gas, insurance, and repairs, all of which cost money.
To become rich, you need to focus on acquiring assets. The more assets you have, the more money you will make.
What are the six lessons in Rich Dad, Poor Dad?
The six lessons are:
- The rich don’t work for money, rich people acquire assets
- Develop your financial education and financial intelligence
- Mind your own business
- The rich invent money and produce cash flow
- Work to learn—don’t work for money
- Be an investor, not a consumer
What would be the greatest lesson from the rich dad vs poor dad book by Mr Kiosaki?
There are several key lessons that can be gleaned from the book “Rich Dad vs Poor Dad” by Mr Kiosaki. Perhaps the most important lesson is that financial success is not achieved through luck or coincidence, but rather it is the result of hard work, dedication and planning. Mr Kiosaki emphasises the importance of having a “plan B” in case plan “A” does not work out, and he also stresses the importance of investing in oneself by acquiring knowledge and skills. Ultimately, the book provides readers with valuable insights into the mindsets of both successful and unsuccessful people, and it is an essential read for anyone who wishes to improve their financial situation and improve their plan on making money and provide a constant flow on their cash flow.
Conclusion
Rich dad poor dad audio book is a financial classic of financial education for a reason. It explodes the myth that you need to earn a high income to become rich and challenges the belief that your house is an asset.
Robert Kiyosaki also shows parents why they can’t rely on the school system to teach their kids about money. He defines an asset and a liability once and for all, which will arm you with the knowledge you need to make sound financial decisions for yourself and your children and learn from rich people like the Rich Dad.
If you’re looking for practical tips on how to teach your kids about money and teach financial literacy, this book is a must-read. Are you ready to achieve financial success?
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