MYM – Rich Dad, Poor Dad
(#4)
I have collected an arsenal of books throughout my life whose lessons, although different concepts, center on mindset. I enjoy these kinds of books because mindset is something we can all learn to master. Each month, I’ll introduce at least one book that I have found to be supremely helpful in my personal and business growth.
First book, Rich Dad, Poor Dad is a great example of how to become a stable provider for your family and teach your children the same techniques, without having to make an incredibly high salary. In this book, author Robert Kiyosaki, teaches that through mastering your mindset, one will begin to master their financial situation. These are the main points he touches on throughout the book.
- Thinking like a rich person: Such as setting up a company, so you can use your write-offs to pay less taxes.
- Looking at purchases as “assets” or “liabilities:” Such as going on a vacation or buying an investment property
- Using their savings for wise investments: Such as learning about ways to invest in real estate or stocks
The three things above are simple but can make profound impacts regarding your financial security and that of your children when they become adults. They can also begin to be applied at any stage of your life.
“The single most powerful asset we all have is our mind. If it is trained well, it can create enormous wealth in what seems to be an instant.”
― Robert T. Kiyosaki, Rich Dad, Poor Dad