Learning blocks

Robert Kiyosaki

Rich Dad Poor Dad

Robert Kiyosaki’s Rich Dad Poor Dad contrasts two ways of thinking about money. The lessons are about assets, skills, and the questions you ask. They are ideas from the book, not a promise that wealth will follow.

Key learnings

• An asset pays you. A liability costs you. Know which one you are buying before the money leaves.
• Don’t only work for money. Build something that can earn while you are doing other work.
• Mind your own business. A job covers expenses. The assets you own are a separate pile. Grow that pile.
• Work to learn. Choose roles that teach a skill, not only the highest paycheck this month.
• A paycheck and a business are taxed differently. Learn the rules that apply to the money you earn.
• Ask how you could afford it. Treat “I can’t” as a question about the path.
• Pay yourself first. Set money aside for assets before the rest of the spending takes it.