The rich have a unique mindset that enables them to build wealth. It is this mindset that makes them different from the poor and middle class.
Robert Kiyosaki learned this from his two fathers. One was highly educated, but struggled financially, while the other was not as educated but became very rich.
1. They don’t work for money
A rich mindset is one that’s attuned to the possibilities of opportunities in just about every situation. It’s a big difference from a poor mindset, which is often based on what you believe you can or can’t do.
Kiyosaki’s book is full of advice on money and investing, but the most famous chapter in the book is probably the one that dismantles the myth that the rich are born rich.
Another important lesson that Kiyosaki teaches in the book is that your personal residence may not be an asset. This was a controversial point in the book when it first came out, but it’s become a common theme among wealthy people over time.
2. They aren’t afraid of failure
One of the biggest differences between rich mindset people and poor mindset people is that they aren’t afraid of failure. They are willing to try new things and take risks on projects, businesses, and investments.
They know that they might fail at some of them, but they will learn a lot in the process.
This is an important trait to possess if you want to succeed in life. Having this mindset is not something that is easy to obtain, but it can be accomplished if you work hard.
3. They don’t play it safe
Robert Kiyosaki’s book Rich Dad Poor Dad is a crash course in financial education. He tells many stories about his two influential fathers to teach you how money works and why it’s important to learn about financial literacy early on in life.
The book is jam-packed with information, and it’s a worthwhile investment of your time. If you want to learn how to become financially independent, Rich Dad Poor Dad is the place to start. With a few key lessons, you can start putting your money where your mouth is and start living the life of your dreams.
4. They have multiple income streams
Robert Kiyosaki wrote Rich Dad Poor Dad to share his story of growing up with two dads – his real father and the father of his best friend – and how they shaped his thoughts about money and investing.
He also explains how a rich mindset is different from a poor mindset. In fact, a rich mindset believes that hard work will pay off — even if it doesn’t happen right away.
Another difference is that a rich mindset invests in assets instead of liabilities. Assets are things like real estate, stocks, and businesses that can increase your wealth.
5. They aren’t afraid to take risks
One of the biggest differences between rich and poor mindsets is that the wealthy aren’t afraid to take risks. Risks allow people to try new things, learn from their mistakes, and grow as a person.
Taking risks can mean a variety of different things, from jumping on a new opportunity to investing money in your business. The important thing is that you take action in line with your own inner compass to build confidence and elevate yourself.
6. They believe in the power of education
A rich mindset is a mentality that’s attuned to opportunities. It’s not one that focuses on your job title, how much money you make or your successes and failures.
Educated people believe in studying hard and getting good grades so they can get a good job at a company with benefits. But a rich mindset believes in learning more than that so you can learn how to get rich.
Throughout the book, Robert Kiyosaki shares several financial lessons from his two dads that can help you build a rich mindset. Here are some of them:
7. They aren’t afraid to fail
Rich mindset people know that failure is a part of success. They have a strong mental fortitude and are willing to try new things, even if they’re risky.
Poor people are unable to do this, as they often try to avoid problems. They will have a list of excuses as long as their arm, and all of them point to someone else’s fault.
Rather than trying to avoid or shrink from their problems, rich people focus on making themselves bigger so that they can overcome the challenges. They know that the only way they will grow is by facing their problems head-on and not running away from them.
