Saturday, 20 April 2013

Chapter 1 Review: Rich Don't Work For Money

In the book Rich Dad Poor Dad Robert Kiyosaki has expressed his wonderful thoughts that has changed millions of lives. Go to school study hard get good grades and get a good job has became an obsolete idea, well our academic performance or school grades don't define our success. Our success is determined by the willingness or burning desire that we have to become a successful person. If we really want to be rich we must know how to make money, we don't need to work for money like 9-5 job we are wasting our golden years in the rat race, go to work come back home, go to work come back home; In this particular race we forget our dreams, we forget what we really want in our lives, where we want to see ourselves in next 5 years.
There are two statements state by poor dad and rich dad:
1) Poor dad says study hard so you find a good company to work for.
2) Rich dad says study hard (invest in personal development) so you can find a good company to buy for and generate employment. Now you decide what you really want?? You want to be rich or you want to give 100% in making someone else rich.

There are few important points in this chapter I would like to share:

  • Physical exercise increase the chances for health and proper mental exercise increases the chances of wealth.
  • Poor dad says don't take risk, rich dad says if you want to be successful learn to manage risks.
  • We should control our two emotions; fear and greed.
  • Always ask questions so that you can learn more.
  • Your thoughts and actions make you poor not your income.
  • Whatever you say becomes reality thus always speak positive.
  • You must invest in various businesses, don't depend on just a single source of income.
  • when you start thinking you come up with new ideas and opportunities.
  • Rich have a reason to become rich; find that reason first.
  • Don't blame others' change yourself.
  • Lack of money is the root to an evil.
  • Subject of money is not taught in schools.
  • Don't do a job, create jobs.