10 LESSONS FROM RICH DAD, POOR DAD

1. Manage your money:

Many people are able to make money, but not everyone learns how to manage it properly.

Financial intelligence starts with learning the difference between assets and liabilities. 

ensure that you have more money coming in than going out, which is what will make you richer. 

2. Pay Yourself First:

Most people earn and spend their salary paying bills.

A rich person always pays himself.

Invest in

- Courses

- Books

- Experiences 

3. Saving and investing are different:

Saving is considered a must and a good habit.

You need to invest your money instead where it grows at a higher rate than inflation.

Saving weaken the purchasing power while investment will increase the value of your money. 

4. Learn taxes:

If you are rich and lack financial literacy, you will end up paying a lot of taxes.

The rich have their investments often in learning, so they have to pay fewer taxes. 

You need to have financial IQ in different areas like accounting, investing, market forces, and the law. 

5. Do not rely on a single source of income:

Most people rely on a single source of income.

You can never become rich and financially secure if you are one of those.

You should have 2 to 3 streams from where you earn money. 

You will be in better position even if you face some financial crisis if you multiple income streams. 

6. you become smarter by taking risk:

Unless you take a risk, you cannot grow, grow as in grow really big.

You should take a risk because some opportunities in life have the potential to change the course of your life. 

7. Everyone needs to be a financially literate:

Intelligence solves problems and produces money.

Money without financial intelligence is money soon gone.

The sad part about the education system around the world is that it teaches to work for money. 

The system never teaches how to make, manage, and keep the money.

You should learn how to create wealth and make a plan to achieve financial freedom. 

8. Mindset is everything:

Poor dad always used to say” we can’t afford this “whereas rich dad teaches him to replace it with “how you can afford it?”.

In This way, replace your negative attitude into positive and you will definitely  find ways to do achieve that target. 

Your attitude and mindset matters the most.

The first and foremost thing to do anything is that you must believe in yourself. 

9. Surround yourself with people smarter than you:

There is a very popular saying ‘If you are the smartest person in the room, then you are in the wrong room.’

If you want to be smart, surround yourself with people smarter than you. 

10. Control emotions:

The situation only gets worse for you when you are not able to control your emotions.

The statement holds good for both personal and professional life situations. 

You should learn to control your emotional balance and be focused on accomplishing your financial goals.

There is comfort in being the real you; it is effortless”.

Being real means that you accept who you are. Once you accept yourself, you don’t have to make any effort to fit in.

Sometimes you want to be a part of a group or company, but your ideas and values don’t match them. You feel you may get left out, looked down upon and mocked, so you choose to give up on your real self.

For some time, you enjoy being a part of them but slowly realise that you have become someone else. You are always afraid that people will know the truth, and your true identity might become known, so you are always distressed.

If ever you face such a situation, when someone or something demands giving up on your real self, however hard it may seem, choose to walk away. You will never regret your decision.

 

How do you deal with doubts that come with a fresh start?

 

How do you deal with doubts that come with a fresh start?

A new start can overwhelm anyone because you do not know how things will progress. You are afraid you will lose as you are unsure of your potential.

When we begin anything new, whether it is a relationship, job or a new venture, we want things to work out. Even with our best efforts, we are not confident about how our future will unfold, but as we go on and things begin to run smoothly, we realize the strength we have and how much we can create with the power that we have unleashed.

If you want to achieve anything in life, you need to trust your potential. Keep going, t may seem hard to fly, but soon you realize you are touching the sky.

Is other people's life making you feel inadequate?

 

The feeling of being inadequate only comes when we compare our lives with others.

Most people live not to achieve what they truly want but to achieve something that can make them feel better than others. So no matter what they achieve in life, they always remain unsatisfied and discontent.

Never let others' life disappoint you. Appreciate your achievements, relationships, inner growth and strength. When you realise what you have, you will never feel any lack.

Are you on the right path in life?

 

The right path is the path of truth, a path led by our conscience. Anything we do against our conscience either turns into regrets of the past or hopelessness for the future.

When life brings us on a path, it is we who make a choice to follow it or not. Sometimes, we choose a particular path not because it is true but because it is very lucrative. We feel that a bit of wrongdoing won't make much difference, but our conscience remembers it and keep reminding us.

To live truly, led by your conscience. You will look forward to living every day of life and cherishing each moment of life you have lived.

Are you feeling strong enough?

 

You are strong, even though you may feel tired or broken. The only thing you must do is to keep trust in yourself.

Strong people don't have extraordinary strength; they just look at the positive side of life and, for every problem, try to find a way out. Sometimes, they may also face a big obstacle and feel exhausted. At that time, all they do is take a rest so that they can gather their strength again to continue. They may stop for a while but don't let their trust fall during this time.

To create strength within you, you need to trust yourself and the process of life. When you feel broken, pause and take time to rebuild yourself but don't give up on life.