Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not

Wed, 22 Mar 2023 00:00:00 +0000

A salary funds a lifestyle; ownership funds freedom. That distinction is the whole book. Going to school, studying hard, and landing a good job will help you make a living, but it will never make you wealthy — it locks you into what Robert Kiyosaki calls the rat race, the endless routine of working for everyone but yourself while your employer, the bank, and the tax collector take their cut before you see what’s left. Most people spend that remainder on a lifestyle that forces them to keep running, and they route any surplus into possessions that quietly drain value rather than into things that pay them back. We stay on the wheel because it’s normal and stepping off invites disapproval, but normal and wealthy are simply different destinations.

Robert Kiyosaki and Sharon L. Lechter on SummaryShelf

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not