RICH DAD AND POOR DAD

BOOK SUMMARY

CHAPTER ONE:
The Rich Don’t Work for Money
 The Poor and Middle class work for money.
The Poor and Middle class are those people who Study hard to get good grade then Have a Good job and spent
their life only on doing jobs. and those are who always struggle financially.

 The Rich Have money work for them.

Rich are those who use their financial education and Make their money ,actually it is the Use of Brain Not
Hardwork.

 People’s Lives are forever controlled by two emotions: Fear and Greed.
Fear and greed make people to got jobs and secure in future but it is the worst thing if we control these emotion
with our brain one day we got Rich.

 Always See what others Miss:

Make a habit of learning from history and find the mistake in time.

 I want to teach you to master the power of money, instead of being afraid of it. They don’t teach that in school and,
if you don’t learn it, you become a slave to money.

 So many people say “oh, I’m not interested in money.” Yet they’ll work at a job for eight hours a day.

In Short:

The first lesson of "Rich Dad, Poor Dad" is that the way in which someone thinks about money and wealth is critical to
their financial success. The author's poor dad believed in working hard, saving money, and living below his means, while
his rich dad believed in using money to make money and investing in assets that generate income. The lesson
emphasizes the importance of financial literacy and taking control of one's finances to achieve financial independence.
CHAPTER TWO:

Why Teach Financial Literacy

 It’s not how much money you make, it’s how much money you keep.
 If people are prepared to be flexible, keep an open mind and learn, they will grow Richer and richer despite
tough times.
 Not money, Intelligence solve problems and produce money.
 If you want to be rich, you need to be financially literature.
 Rich people Acquire assets. The poor and middle class acquire liabilities that they think are assets.

RULE #1

You must know the difference between an assets and a liability, and buy assets.

The best to learn any financial thing easily by KISS Method or by figure.

KISS = keep it simple Stupid (or Keep it super simple).

Assets = an assets puts Money in my pocket.

Liability = an liability takes Money out of my pocket.

 If we think more money solve our problem but more money will often not solve the problem. In fact, it may
compound the problem.
 Cash flows tell the story of a person how he handles the money.
