12 Life Lessons From “Rich Dad Poor Dad” That Can Change Your Life - 5 minutes read

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The personal finance book "Rich Dad, Poor Dad" by Robert Kiyosaki offers life lessons that can alter your course. It differs from other financial books that offer do-it-yourself money-making tips.

Beyond that, "Rich Dad, Poor Dad" offers insightful advice on raising a wealth consciousness. The main message of the book is that developing a wealth mindset is the key to becoming wealthy and that it contrasts from a poor mindset (Poor dad).

Here are some of the book's most important concepts that you should consider.

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1. Mistakes are only teaching opportunities.

Our educational system holds us accountable for our errors. As a result, we learn from our errors as we become older rather than trying to avoid making them. Failure is a powerful teacher for the wealthy.

And if a motivational speaker is to be believed

"There are just lessons; there are no mistakes or failures."

2. Staying protected keeps us in place

Life is full of hazards, from the very first step we take as infants until the day we pass away. That is exactly how we develop. Unfortunately, our parents and educational systems take every precaution to limit our danger exposure.

Playing it safe and avoiding risks prevents growth and keeps us stationary. Although there are risks involved in making money, being stagnant causes the most loss. Taking chances in life has its benefits.

Instead of avoiding risks, learn about them from experts and educate yourself. The dangers are still present. simply indicates that you take calculated risks.

3. Learn everything you can about how money works.

All facets of our life and relationships are impacted by money. You must therefore learn everything you can about money, including how to make money work for you. and the financial system's operations.

4. Don't work for money, work for experience and enjoyment instead.

Even though it plays a significant role in our lives, money shouldn't serve as our main source of motivation at work. Instead than only focusing on monetary rewards, we should aim for experience and job fulfillment.

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The saying "Do what you like and the money will come" is well known. Though it's not always the case, there is wisdom in living lives that are meaningful. When we accomplish something well, we will ultimately be rewarded monetarily, and we do things well when they make us happy.

5. Greed and desire are powerful motivators

Gluttony and desire are two potent human emotions. When properly guided, kids can generate brilliant suggestions for ways to make make money. But always aligned with your values. Use your desire and greed to motivate you to make money.

6. Ask yourself, "How can I afford that?" rather than, "I can't afford it."

Your words have a powerful impact. Make intelligent choices while selecting them, and never undervalue their ability to achieve desired results.

Write down your ideas in the form of a positive, productive enquiry. Even while inquiry is a fantastic technique to explore for solutions, it should be done in a constructive manner. Asking "How can I afford it" is preferable to expressing "I can't afford it."

7. Assume the persona that you want to have.

It may sound like "fake it till you make it," but adopting the persona of the person you wish to be is not that. To feel wealthy, adopt a mindset similar to that of someone who is is wealthy.

It could seem difficult to assume the persona of someone wealthy if you have never been wealthy and don't know someone who is. Think about what it must be like to be wealthy, to have all of your bills paid off, and to be living the life you want.

8. Before you begin investing, educate yourself on the subject.

Saving doesn't make you wealthy; investing does. Where should you invest, though? When people start making a small amount of money, they frequently join get-rich-quick schemes or fall for con artists who claim to be able to double their riches. Before you begin investing, learn everything you can about investment.

9. Choose carefully what to feed your mind.

You become what you think, just as you are what you eat. Think only uplifting and affirming ideas. Avoid watching mindless television. Check out empowering books. Watch mind-nourishing videos.

Your mental diet will either fuel you or starve you. Focus on things that will "feed" a growth mindset.

10. Associate with those who have a growth mindset.

No matter how "powerful" you feel, never undervalue the impact that your friends and neighborhood have on your conduct. Studies have repeatedly demonstrated this.

Surround yourself with individuals who have a mindset and a life if you want to change your mindset permanently. you admire. It will definitely rub off on you.

Pay yourself first 11.

As noted by the most well-known investor in the world, Warren Buffett,

"Spend what is left over after spending, not what is left over after saving."

Because they spend their money before saving it, the majority of individuals are poor. At the end of the month, most people have little money left over.

Consider saving between 10 and 20 percent of your money as soon as you earn it if you want to significantly alter the course of your finances.

12. Take action; it always trumps idleness.

You cannot become wealthy by watching self-help books, courses, seminars, or YouTube videos. You alone can. And you accomplish that by acting right away. Making today the proper time instead than waiting until it is.

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