Lessons of Rich Dad Poor Dad

Rich Dad Poor Dad

In Rich Dad Poor Dad a lot of useful tips can be pulled from the reading. Robert T. Kiyosaki has taught me many things about the importance of financial literacy and smart spending. After reading this book I now feel I can make better decisions with my money that will help me throughout my life. I believe that I now have the upper hand when it comes to financial planning and my financial future. I feel that I now have the knowledge many people will never be blessed with.

Lesson #1: I need a reason greater than reality.

My reason to be wealthy is simply to live the lifestyle I want to live at an early age. I want to travel, shop, and be pampered. I want to be in control of my money and in turn, my life. I want to have freedom with my money. I never want to be stressed when it comes to money. I want to be well-off and organized when it comes to spending. I hope to be like my father when it comes to financial knowledge and freedom.

Lesson #2: I choose daily.

After reading this book I feel that I have many changes to make when it comes to my financial plan. First of all, I need to start saving more of my money. I need to find a job that I am happy with and I need to invest my earnings in things that will benefit me in the future. Although I am only 16, planning for my financial future should be an important part of my life. I need to make choices that will pay off in the long run. I'm going to make my money work for me, starting NOW. I am going to open accounts in which I earn the most interest, and I will be happy with my decision later on when I need the extra money.

Lesson #3: Choose friends carefully.

I don't choose my friends for the size of their (or their parents) wallets. I have never been a judgmental person when it comes to social status or the amount of money someone has. I will never be that kind of person. I have lived in one bedroom apartments, and now I live in a beautiful home in Londonderry. I understand what it is like for a family to struggle financially and I also know what it is like for a family to be well off. I will never make the mistakes my parents have made at one point or another and I will also never be influenced by the financial decisions of those around me.

Lesson #4: Master a formula and then learn a new one.

In life I want to be good at many things. I don't want to have just one thing I "specialize" in, I want to be talented in many areas of my life. I want to master many skills, especially when it comes to my career. I want to be an employee that is knowledgeable in many fields and is respected by all.

Lesson #5: Pay yourself first.

I will never be a slave for my money. I want to be responsible and smart with my cash but I will never let it take over my life. I want to spend before I have to pay taxes, and I want to invest and be smart about where my money goes.

Lesson #6: Pay your brokers well.

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