![]() You have to understand that winning and losing is part of the process, and you mustn’t separate one from the other.Īs you already know, Robert took the path less traveled. To be successful, one must be emotionally neutral regardless of the outcome. It was a clear indication that playing it safe, and trying to be on the right side, was, in fact, the riskiest strategy one could’ve come up with. Robert calmly replied: Money and free time. “ I have advanced degrees from prestigious schools. Robert recalls one encounter with his Educated but Poor Dad who said: ![]() In fact, rich people want to get as far away as possible from the stream of liabilities.īefore we go any further, let’s have a gander at one completely neglected battlefield between the rich and educated. Poor people believe that the goal is to work hard in order to buy things that make them look rich. Rich People are outliers their out-of-box mentality is what distinguishes them from the mob. The sad reality is, people who work the hardest, are not the ones that get rich. School days are gone it’s time to build a system around your heart.Īnd, this what shocked Robert the most, because in the late 70s his wallet company collapsed due to competition and lack of passion.Īfter years of experimenting and monitoring, Robert Kiyosaki came to the conclusion that it’s safer being on the right side of the Quadrant than on the left.Ībove all else, this is not a get-quick-rich scheme that you ought to follow (no questions asked). A – B creates, owns, and controls the system.Once you get used to receiving it, that addiction keeps you attached to the way you got it.įor precisely that reason, Rich Dad puts emphasis on creating or building a system that makes money for you. In the meantime, Robert realized that money or better yet “receiving money” is a drug like no other. More importantly, investing can set you free.While playing Monopoly with Rich Dad, Robert learned a couple of lessons that shaped his mindset: You need to experience loss, in order to get into the right frame of mind and hence climb the ladder of prosperity. In other words, it’s not whether you can create a better burger than McDonald’s it’s about creating a system that serves customers.Īccording to Rich Dad – success is a poor teacher. With that said, you need a different set of characteristics and skills to flourish in each Quadrant. It’s foolish to think that some Quadrants are better than others because it’s beyond doubt that we need people to contribute from all parts of the financial spectrum. The skills needed to excel on the right side of the Quadrant are by no means taught at school. On the contrary, he believes that achieving financial stability is the cradle of life itself. Rich Dad, unlike Poor Dad, doesn’t pretend that money isn’t important. In 1994, they finally achieved their financial freedom! Their plight lasted for an entire year, while their friends and family relentlessly pushed the idea of getting a good job.Īt the time, it was truly a challenge to remain true to their perspective. They lived in a small basement room for nine months making a few dollars here and there to keep food on the table and fuel in the gas tank. In 1985, Robert and his wife Kim were at the brink of financial and emotional collapse. ![]() Let’s debunk the first myth – It takes money to make money. ![]() While, Rich Dad (often less educated in the formal sense of the word) will advise you to absorb the benefits of state-controlled education, build a business and become an investor. Poor Dad will teach you to go to school, get a degree, get a nice job, and become a well-paid employee. It’s absurd to claim that you don’t fall into either of these categories because we all do. Where do you belong? – is the critical question. This is only a small list of questions, regularly delivered at Robert’s doorstep.
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