Rich Dad, Poor Dad

What is the difference between Poor Dad and Rich Dad

Rich Dad teaches that money is made from assets, and that liabilities are where money is taken away. He emphasizes the importance of understanding the difference between assets and liabilities and how to accumulate assets and avoid liabilities. He also identifies four important areas to learn in order to achieve financial success: accounting, economics, investing, and tax law.

Rich Dad is a very educated man

Rich Dad is a very educated man and he made a fortune from his financial knowledge. The author is a financial expert with a great deal of knowledge to share with his audience. He even created a board game, Cashflow, to teach financial literacy. Nevertheless, he has also received criticism for his cavalier approach to financial matters.

Rich Dad stressed the importance of learning and job security, and he emphasized the importance of learning a variety of things. He said that one of the most valuable skills is to develop the ability to sell. Marketing and sales skills are important because they require communicating with other humans.

Poor Dad is a hardworking government employee

In the book Rich Dad, Poor Dad, Robert Kiyosaki talks about the mindset differences between the rich and the poor. He points out how people buy million-dollar houses and sell them for far less. He also talks about Kim’s parents, who were put into a financial crisis after their property taxes rose dramatically.

Rich Dad doesn’t have a lot of material possessions

“Rich Dad, Poor Dad” has a few flaws, but the premise is true. In reality, both rich and poor people don’t have the same amount of material possessions. However, the difference between the two men lies in how they use their money. Assets make money, while liabilities cost money. A car, for example, isn’t an asset – it costs money to maintain and repair, and it isn’t likely to be worth anything when you have to sell it.

Rich Dad’s financial philosophy is very different from that of his poor counterpart. While a poor dad used to work very hard to pay the bills, a rich dad makes his money work for him.

Shopping Cart