Tag: richdadpoordad

Rich Dad Poor Dad | S5 – E18 | The Risk Faced by Average Middle-Class People

The real tragedy is that the lack of early financial education is what creates the risk faced by average middle-class people. The reason they have to play it safe is because their financial positions are tenuous at best. Their balance sheets are not balanced….

Rich Dad Poor Dad | S5 – E15 | Many Financial Problems are Caused by Keeping Up with The Joneses

No, this isn’t the Gary Vee rant. This is what Robert Kiyosaki wrote in his book decades ago. That is why my educated dad said the Japanese valued the power of the mirror the most, for it is only when we look into it…

Rich Dad Poor Dad | S5 – E13 | Understanding | Get Rich Quick? TERRIBLE Decision

The reason I started with the story of the richest men in Americais to illustrate the flaw in believing that money will solve all problems. That is why I cringe whenever I hear people ask me how to get rich quicker, or where they…

Rich Dad Poor Dad | S5 – E12 | Assets vs. Liabilities | What’s Your Cash-flow Pattern?

Are you a poor, middle, or rich cash-flow possessing individual? Well, let me try to break this down in blog form. If you want the amazing podcast, make sure you scroll down to the bottom for it. Cash-flow of a poor person Your job…

Rich Dad Poor Dad | S5 – E11 | Assets vs. Liabilities | Cash-flow Pattern of an Asset

Rich dad believed in the KISS principle—Keep It Simple, Stupid (or Keep It Super Simple)—so he kept it simple for us, and that made our financial foundation strong. So what causes the confusion? How could something so simple be so screwed up? Why would…

Rich Dad Poor Dad | S5 – E10 | The Broken American School System

Our school system, created in the Agrarian Age, still believes in homes with no foundation. Dirt floors are still the rage. So kids graduate from school with virtually no financial foundation. One day, sleepless and deep in debt in suburbia, living the American Dream,…

Rich Dad Poor Dad | S5 – E9 | A Job is a Short-term Solution to a Long-term Problem

“Remember what I said before: A job is only a short-term solution to a long-term problem. Most people have only one problem in mind, and it’s short-term. It’s the bills at the end of the month, the Tar Baby. Money controls their lives, or…

Rich Dad Poor Dad | S5 – E8 | Should Prices Go Up?

“Because it is ignorance about money that causes so much greed and fear,” said rich dad. “Let me give you some examples. A doctor, wanting more money to better provide for his family, raises his fees. By raising his fees, it makes health care…

Rich Dad Poor Dad | S5 : E6 |How Much Are YOU Worth?

“Okay, I’ll pay you a dollar an hour,” rich dad said, with a sly grin. Rich Dad Poor Dad When you don’t state your price, they’ll state it for you. My little brain and heart nearly exploded. After all, it was 1956 and being…

Rich Dad Poor Dad: S5 – E3 – The Beginning to Using the Mind

Being a product of two strong dads allowed me the luxury of observing the effects different thoughts have on one’s life. I noticed that people really do shape their lives through their thoughts. For example, my poor dad always said, “I’ll never be rich.”…