What is the Difference Between Rich Dad and Poor Dad?

Basically, there are two types of dads: Rich Dad and Poor Dad. If you’re like most people, you’re probably wondering what the difference is between the two. The answer is a simple one, though it might take you a while to understand it. Here are a few things to keep in mind.

Pay yourself first

Whether you are a poor dad or rich dad, there are some important lessons to learn about money. One of these is paying yourself first. This can help you to make more money. It can also help you create a life that you can look forward to.

The pay yourself first concept can help you get out of credit ruts. It can also help you to avoid late fees and damage to your credit score. If you can pay yourself first, you will be in a better position to create wealth and build a better lifestyle.

You can also use the pay yourself first concept to invest in assets. Your goal is to invest in assets that will make you money.

The pay yourself first concept can be applied to other areas as well, such as time management. You can also pay yourself first when it comes to creating an emergency fund. This can help you to build a nest egg for your future.

Invest in your future

Investing in your future is the difference between Rich Dad and Poor Dad. Rich people are rich because they acquire assets, while poor people are poor because they have liabilities. If you want to become rich, you need to learn to invest your money wisely. Here are five ways you can achieve this.

Rich Dad made it a point to invest part of his income in assets. This meant buying things like real estate. This allowed him to generate income while minimizing risk.

Rich Dad made a practice of saving up money for a rainy day. He did this by building a business empire in Hawaii, where he owned small supermarkets and a construction company. He also opened a comic book library.

The other thing Rich Dad was proud of was not being controlled by fear. Rich people have a larger fear of losing money than poor people. If you are afriad to get rejected, you can learn to overcome this by doing something that will earn you money, such as working for a network marketing company or a finance class.

Share anger with Robert Kiyosaki

Having two fathers is something that Robert Kiyosaki had to deal with. He grew up in a home where one was rich and the other was poor.

While he was in school, Kiyosaki was told by wealthy kids that he was poor. He was not invited to parties, and he was constantly being told that he would never make money.

He also had a friend named Mike who wanted to be rich. He did not have a fancy house or car, but he did know how to make money. He told his dad about his money making skills, and the two of them set a time to meet.

The two of them began to learn. They would take lessons and have meetings with other professionals. They also started making money. They even had some of their own business. They were able to make over a thousand dollars by the time they were 18.

Rich Dad was an eighth grade dropout, but he was well-educated. He knew how to make money, and he was able to show Kiyosaki how to make a thousand dollars by selling a copy of nothing.

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