12/27/2022 0 Comments Rich dad poor dad author![]() If a man bought a brand new car for his personal use and an iPhone from his salary, both iPhone and car become liabilities. I need to explain with examples to understand well the definition of these two. A Liabilities is something that takes money out of my pocket.” Robert Kiyosaki | Rich dad poor dad “An asset is something that puts money in my pocket. One of the wells said quotes from this book about assets and liabilities is that – Furthermore, he also explained how rich people are getting rich from the assets meanwhile why the poor and the middle-class people are getting poor from liabilities. ![]() In the book, the author Robert Kiyosaki well explains the definition of assets and liabilities. This is one of the best lessons I have learned from the book “Rich dad poor dad”. Lesson 02 – Our Mind is the most powerful assets.So now, I am going to reveal the most valuable lesson from my favorite book “Rich dad poor dad”. However, from my point of view, the book actually includes some dangerous financial advice, if one doesn’t know how to use it well, but I think it is one of the best and my favorite financial educational books of all time. They said most of the concepts in the book include misleading or wrong financial advice and are full of non-sense things. It was so popular not only among ordinary people but also most of the celebrities like Oprah Winfrey, Will Smith, and the Shark tank millionaires, Daymond John.Įven though the book sat on New York Times best-selling list for over six years, some of the book critics won’t like it. It had also been on New York Times bestselling list for over six years. Since then it has sold over 32 million copies and translated over 51 languages. In 1997, the company “Warner Business Books” published the book. Some grains of salt could probably be added to the shopping list, too.“Rich dad poor dad” is one of the best financial education books written by the author Robert Kiyosaki and Sharon Lechter. Last thing to note here… aside from gold, silver, Bitcoin and real estate, Kiyosaki also earlier this year recommended stocking up on canned tuna, baked beans, bin liners and toilet paper. Well, he’s at it again, according to also highlighting that “bear markets are the best times for investors to get rich as everything will be on sale”. Good read, although a warning, it does link to an Ace of Base ear worm.īack then, in July, Kiyosaki was reiterating the writing he’d already seen on the wall, and mentioned he was in a “cash position waiting to pick up bargains, especially in real estate and bitcoin.” ![]() Stockhead‘s Christian Edwards has proof of Kiyosaki’s Bitcoin-investing/trading interest in this article from a few months ago, actually. Kiyosaki (who also spoke to British crypto content producer Layah Heilpern recently, above) has indicated many times in the past his interest in “safe haven” assets such as gold and silver as a hedge against severe economic turmoil.īut he’s also sometimes mentioned Bitcoin in virtually the same breath, albeit usually as a speculative play that shows pretty much no interest in the asset’s long-term fundamentals. “It’s not enough to WANT to get into crypto … Now is the time you NEED to get into crypto, before the biggest economic crash in history.” And we’re not suggesting he’s a fraud, by the way.)Īnyways, here’s what the American author and financial commentator emphasised, using shouty CAPITALS, as reported by Business Insider Africa, which we assume must be on his mailing list… ![]() One thing we do know – the guy makes for a decent headline now and then. It’s something like 32 million copies sold across 109 countries in over 51 languages, according to and Wikipedia.Ĭonsequently, when he speaks, people… at least those who aren’t on the fence about whether he’s some sort of fraud or not… tend to take some notice. Look, it’s no Harry Potter and the Philosopher’s Stone, but Rich Dad Poor Dad has proven to be a pretty damn successful and lucrative (for Kiyosaki at least) bunch of words over the years. Kiyosaki has been trading off his best-selling financial literacy book since 1997. BUT… Rich Dad Poor Dad author Robert Kiyosaki has told his mailing-list subscribers to ape into magic internet money “now”. Yep, the US dollar’s on a rocket and crypto’s in the trainee astronauts’ toilet again today. ![]()
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