15 Life lessons from the book “Rich Dad Poor Dad”

Hi guys,

Hope you all are good. Reading always gives us immense happiness and yes, there will always be something to learn from it. Last day, I was reading the famous book “Rich Dad Poor Dad”, written by Robert T Kiyosaki, discovering numerous lessons that can be incorporated into our lives. Let us explore the life and financial lessons from it. So here we go:

Life Lessons

1.  Opportunities come and go, being able to know when to make quick decisions is an important skill.

2.  The word “emotion” stands for “energy in motion”. Be truthful about your emotions and use them in your favour, not against yourself.

3.  Excessive fear and self-doubt are the greatest detractors of personal genius.

4.  Failure inspires winners. Failure defeats losers. It is the biggest secret of winners that losers don’t know. It’s how you handle failure that makes the difference in one’s life.

5.  Observe and analyze with an open mind. Finding what people miss is the key to any success.

6.  Risk comes from not knowing what you are doing.

7.  People who lack internal fortitude often become victims of those who have self-discipline.

8.  The reason so many people fail to achieve success is because they fail to fail enough times.

9.  A truly intelligent person welcomes new ideas, for new ideas can add to the synergy of other accumulated ideas. Listening is more important than talking.

Money Lessons

10. Wealth is a person’s ability to survive so many numbers of days forward- or if I stop working today, how long can I survive?

11. The person who has the most timely information owns the wealth.

12. Don’t think “We can’t afford it. Think, “How can we afford it”. This is a question to find solutions. Exercise the brain to think, when it works, we get smarter and make more money.

13. Money without financial intelligence is money soon gone. Financial intelligence solves problems and produces money. If you think money will solve problems, you will have a rough ride.

14. The most powerful asset we all have is our mind, If it is trained well, it can create enormous wealth.

15. It’s not gambling if you know what you’re doing. It is gambling if you’re just throwing money into a deal and praying.

In conclusion, possessing financial literacy is crucial regardless of your profession. I recommend reading this book at least once, as the true essence of a book is best grasped by reading it rather than relying on a summary. This book will give you the confidence to initiate actions, as the book emphasizes that "action always beats inaction".

Wishing you the best. Keep reading, and keep moving forward.