This is the third series on Building the Entrepreneur Mindset and I would be sharing with you from a book that remains a must read for everyone who desires success.
Rich Dad Poor Dad by Robert Kiyosaki is more than a book but rather a compendium on financial intelligence and Life success.
In life, it is important you know that ideas acted upon rules the world and from the book the author stated that Real money is only an idea. Therefore if you want more money change your ideas.
The author presents six major lessons which he discusses throughout the book:
- The rich don’t work for money
- The importance of financial literacy
- Minding Your own business
- Taxes and corporations
- The rich invent money
- The need to work to learn and not to work for money.
However here is my review of the great book.
- FINANCIAL LITERACY
Financial literacy is when you know how to make,save and multiply money and this require you having a working knowledge about accounting.
As the author Robert kiyosaki, described in his book that higher education and a job does not guarantee wealth. Rather it is the application of financial knowledge which separate the wealthy from the poor.
He lay emphasis on the difference between liabilities and assets. According to the author, there is one rule that can help a person build a strong foundation and that is to know the difference between Assets and Liabilities and make sure you are controlling the assets.
Real assets are anything with value – stocks, bonds, mutual funds, income-producing real estate, royalties from intellectual property, etc
Liabilities are anything taking money out of your pocket – Electricity, water, gas bill etc
Stop feeding your liabilities and starving your assets.
It is high time you start thinking investment. Many people knows how to make money but only a few knows how to multiply (invest) money.
- MIND YOUR BUSINESS
The author remarks that individuals need to mind their own business if they wish to become financially self-sufficient. They should strive for ways to become their own boss and nurture their own businesses.
The author stated that FEAR and LAZINESS makes people to be perpetually scampering in the rat race, helplessly trapped in a vicious cycle of being an employee working around the clock in a business they don’t even enjoy.
Today, I dare you to take the bull by the horn. Start that business and project. Take that course. Go back to school. Get a degree. You matter and your worth is priceless. You are a MIND-MINE filled with potentials for greatness.
Permit me to drop my pen here,though there is still much to say. Ensure that this piece causes you to move into action.