Claim Your Free Spreadsheets & eBook NOW! As a result, he never makes it financially despite working hard while the rich dad, who was financially intelligent, invested in assets, undertook risks, and achieved great financial success. The book says to do this you need some preparation, so he went to the Internet and stocked every bit of information from the articles, news groups and discussion forums. Get three powerful automated spreadsheets, including an intrinsic value spreadsheet + my ebook "The 10 Best Investors in the World", for free! Be in control over your emotions. Work to learn, don't work to earn. So what is the secret to financial independence? Lesson 4: The History of Taxes And The Power of Corporations. “Rich Dad, Poor Dad” changed my perspective on how to earn money and “Cashflow Quadrant” helped to solidify it. This is what I called the Rat Race. Neither Value Spreadsheet nor any of our information providers will be liable for any damages relating to your use of the information provided herein. The book lists several reasons: I have heard from many people around me that their expenses always seem to keep up with their income. Income tax first came into being in England in … The importance of this research paper is to show how the themes are presented in The Hunger Games. He finally settles for a demotion to a commission-only profession with his firm. Throughout reading this novel I have gained a lot of useful information that has helped me in my day to day life as well as future goals. Close the doors.. "Know what an asset is, acquire them and become rich.". Wrong! Both dads have different views about earning money, and Robert had … The only way to get out of poverty was to win The Hunger Games. In Rich Dad, Poor Dad, Robert Kiyosaki explains how to escape this "rat race" and achieve financial independence. Luckily, he also offers a way out. Robert Kiyosaki’s book “Rich Dad Poor Dad” taught us that even if you don’t have a degree in college, you can succeed in investing. Kidding aside, this is actually a very interesting question. The poor dad was his father while the rich dad was his father’s friend. The fundamental trouble with working for money is that a job is a short term solution to a long term problem. Any opinions expressed in this site are subject to change without notice and Value Spreadsheet or any affiliated sites or authors are not under any obligation to update or keep current the information contained herein. Everybody should go to school, get high grades and then get a good job, right? In the first chapter, the author describes how he and his best friend, Mike, want … Summary. English 1302 The big idea behind this book is articulated well by the son of one of the authors: “Mom,” he continued, “I don’t want to work as hard as you and dad do. Use this pressure to pay to inspire you to come up with innovative ways to get enough money to pay the bills before the bill collector comes knocking at your door. We have been talking about income generating assets, but what falls into that category? The first principle I gained was that anyone or anything can be your teacher. (Link to Summary #1) Chapter 2 – Lesson One: The Rich Don’t Work For Money. The ‘poor dad’ is his own father who worked at a regular job, while the ‘rich dad’ is the father of Robert’s friend, owning a spectrum of businesses. “My rich dad just played the game … He has been driving past farms for years, yet it never crossed his mind he would be the one driving the tractor and feeding the pigs. “The main reason people struggle financially is because they have spent years in school but learned nothing about money. This is a difficult, but very important principle. However, when the local supermarket has a sale, people buy as much as they can. 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