Book Review: RICH DAD POOR DAD

 

12 FINANCIAL PRINCIPLES FROM
 "RICH DAD POOR DAD"

Here are financial principles from the book;

1. The rich don't work for money. 

They focus on building assets that generate income, rather than working for a paycheck.

2. Mind your own business. 

Invest in yourself and create your own business or investments to secure your financial future.

3. The importance of financial education. Learn about money and investing to make informed decisions and grow your wealth.

4. The difference between assets and liabilities. Assets put money in your pocket, while liabilities take money out. Focus on acquiring assets.

5. Take calculated risks. Don't be afraid to take calculated risks to grow your wealth, but make sure you do your due diligence.

6. Avoid debt traps. 

Be careful about taking on debt for liabilities that don't produce income and can become a burden over time.

7. Don't let fear hold you back. 

Fear can be paralyzing, but taking action and facing your fears is essential for success.

8. Embrace failure as a learning opportunity. 

Failure is an opportunity to learn and grow, and successful people use failure to their advantage.

9. Focus on your goals. 

Stay focused on your goals and don't let distractions or naysayers deter you from achieving success.

10. Pay yourself first. 

Put money aside for your future, even if it's just a small amount each month.

11. Become a lifelong learner. 

The world is constantly changing, so you need to be willing to learn new things in order to stay ahead.

12. Be proactive. 

Don't wait for things to happen to you. Take control of your life and make things happen.

Disclaimer: The material used in this is purely for educational and informational purposes. We do not claim ownership of the article used, and no copyright infringement is intended. All credits toJD Nagari