Rich Dad Poor Dad is a 1997 book written by Robert T. Kiyosaki and Sharon Lechter

The vast majority of us students and university students are still given the idea by our parents: "Go to school, try your best to study so that you can find a stable job in the future." , safe!". But in today's economic times, is that advice still valid? Is it true that if you are good, you will be rich? That's not necessarily the case! Never assume that if you study well, you will become rich! There are so many people out there who have really good diplomas, but why do they still have to put that degree in the closet and then go to work for low wages? What is the cause of that situation? That's because we still don't really have a complete understanding of our personal business knowledge and financial management. So the rich stay rich and the poor get poorer! Come to the book Rich Dad Poor Dad, the book will only help you have a more thorough view of the principles of smart wealth!

The book is the result of collaboration between Robert T. Kiyosaki and Sharon L. Lechter - one is a talented investor, a teacher of the "millionaire school", and the other is an experienced chief accountant. At the same time, she is also a mother who always cares about her children's growth. Because we want everyone, especially parents and young people living in this modern society, to have a full view of money, they have put all their heart and soul into bringing readers a valuable book. Rule: Rich dad, poor dad. The book is a good educational tool for everyone interested in enhancing their business abilities and improving their financial situation!

Going back to the saying: "Go to school and try to learn so that you can have a stable, safe job in the future" - it seems like good advice, but according to Robert, it is dangerous advice. that parents teach their children. Did you know that the rules of the game for the rich are different, while the rules of the game for the masses are learned from school. Education is the basic condition for success, but economic skills and communication skills are equally important as school teaching skills.

Rich Dad, Poor Dad are the lessons that Robert learned when he learned from two fathers at the same time: a well-educated person encouraged him to try to work for the factory, while his adoptive father advised him to a factory for himself, teaching him to hire smart people, grasp the law of money circulation, and make money work for him, not for money. Saying that is enough for you to know who is rich dad and who is poor dad. Even though both are rich people. However, the author's poor father, or biological father, had a lot of financial trouble, while the rich father was extremely free in that regard! Why? Two fathers, each taking two different paths to success, both require learning but their lessons are not the same at all. The two people's views on life greatly influenced Robert's development and he chose to follow his rich dad! He realized that: "If you encourage your children to work as hired labor, it means that you force your children to contribute more than their responsibilities throughout their lives to receive a small pension when they get old." In this economy, don't learn to play safe, but play smart, knowing how to surpass others!

Two fathers - two views on money!

The poor father - who was well educated said: "Money is the root of all evil" while the rich father - who had not completed two years of public high school and was also the richest man in Hawaii said: " Poverty is the root of all evil." Listening to his rich dad, Robert learned many valuable lessons and became a millionaire at the age of 40 - not too early but it was his greatest success!

• Lesson 1: The rich don't work for money

Rich dad said that money is power, but it will be multiplied if we know how to use it properly. If we want to get rich, we must learn how to make money with our minds. Nothing in life is absolutely safe, any mission you do contains risks. The success or failure of a mission is also extremely important, but more important is the lesson you learn from that challenge: Never give up! Faced with the impact of life, each person will have a different way of behaving: one type of person will try to seize the opportunities it brings while the other type will let life take its course, complaining. it's unfair, accept it or hope that at some point your life will change. The second perspective is the perspective of the poor! Poor and middle class people work for money while rich people make money work for them! The reason why poor people are poorer is because when they earn money, they worry about losing it and at the same time have greed and desire, so their whole life revolves around a vicious circle: earn money - work - earn money. Although most of us are hired workers, the only difference is whether we are high or low class. Therefore, never let emotions and greed dominate, control them, make emotions submit to thinking. The ideological escape will open a new path that will lead you to success. From boredom and anger at his boring job and low salary, Robert gradually understood his father's first lesson. He patiently worked for free in his rich father's grocery store, spontaneously. Use your intelligence and imagination to join your friend Mike in creating an opportunity to make money with a mini reading room whose goods are discarded books in the warehouse. So he knew how to make money work for him!

• Lesson 2: Why teach financial knowledge?

If people know how to take advantage of opportunities to learn and expand their knowledge, in times of social change, they will prosper quickly. But most of us have not been able to do this. You should remember that financial knowledge is the guide to solving all problems. You may create a lot of wealth, but money earned by chance and not based on financial knowledge can easily be lost! If you want to get rich, you must learn financial knowledge first! That's why accounting is one of the most important subjects, but for the majority of us, it is the most boring subject in the world, both difficult, dry and miserable! The question is do you want to get rich? If so, equip yourself with a sufficient amount of knowledge about the accounting industry. In this lesson, Robert also shared the first and only rule of the rich, which is: grasp the difference between assets and liabilities.

It is a fact that rich people have assets, poor people and middle class people only have liabilities but they think of them as assets. And if you consider assets as houses, you are creating opportunities for debt to pile up, causing liabilities to increase! So what is an asset? That's what helps you put money into your pocket, creating income for you like stocks and investments. Liabilities are things that take money out of our pockets, making us miserable. Once you truly understand these two concepts, your whole life will not have to struggle for money! According to rich dad: "School is the best furnace to create exemplary employees, not bosses." Current education does not teach us how to make money, it only teaches us how to spend money, so most of us are poor because we do not understand the rules of money movement. The more we try to make money, the more our assets will be destroyed. the bigger it is. So if you want to get rich effectively, master financial knowledge, pay attention to your biggest assets which are your mind and time, and hire smarter people to work for you!

• Lesson 3: Pay attention to your career!

To gain knowledge, you must go to school! But to have a career, you must have financial knowledge. School is the place that turns you into a real employee, spending your whole life caring for other people's careers and helping others get rich! Therefore, pay attention to your career. Career is different from profession, career gives us assets and profession gives us income. Saying so does not mean that we all become bosses, if so, who will be the employees? If you can't open a company, just go to work and pay attention to your career, that is, build a huge fortune for yourself! Remember one more point of view of the rich: they always build an asset for themselves first and then use the income generated by the asset to buy luxury items, while the poor and middle class are the opposite!

• Lesson 4: Tax history and company strength.

Most poor people agree with the view: "Robbing from the rich and giving to the poor" means they value tax collection from the rich, but they do not know that the rich always have a way to escape and it is they who have to bear the burden. endure the situation of "his stick hitting his back". So what is the secret of the rich? That is, they know how to take advantage of the company. For them, knowledge is power. Working for money means you are giving your boss power, and if money works for you, you can control that power! Rich people work with the motto "money makes money". Therefore, they constantly improve their financial knowledge index in four aspects: Accounting (how to manage money), Investment (urgent options), Market (science of supply and demand), France Law (leverage to get rich).

• Lesson 5: Investment of the rich.

What is one of the reasons why we become poor? That's why we're always afraid, always cowering within our safety zone and refusing to make a breakthrough to see our own new abilities. Don't always worry like that, be brave, take a little risk, turn that fear into motivation, into wisdom. Life is full of opportunities, sometimes it's your fear that makes you lose your opportunities. Seize the opportunities that life brings and then turn them into money.

It still needs to be reiterated that if you improve your intelligence quotient you will achieve great success, always expand your natural ability to handle money. You know, rich people will spend some time improving their financial handling and brainstorming skills, so their assets gradually increase. If you understand what you are doing then it is not gambling, if you invest a sum of money in a trade and then just sit and pray then it is gambling. Be a smart investor, use your financial knowledge well to reduce risks! The reason why we say "reduce" and not "not meet" is because there is no absolute thing! There will be times when you fail. Rich people are people who are not afraid of failure, losers are people who are always afraid of loss. That said, you don't have to keep falling and not be able to stand up. You should know how to fix your mistakes, get up and fix them to succeed one after another! There are three essential skills of a good financial expert:

1. Find opportunities that everyone misses.

2. Find ways to increase your money by increasing investment opportunities.

3. Organize smart people together.

• Lesson 6: Don't work for money.

The highly educated dad said that a stable job is everything, but the rich dad said that continuous learning is everything! That's right, leadership talent is an urgent need to learn in the next step. Business is like a battlefield, if you are not a good leader you will be shot from behind by others. So, when going to work, let's see what we can learn from working there, don't just think about making money. Before choosing a career, see clearly the path under your feet, make it clear and then in the end, what skills will you learn there!

• Lesson 7: Overcoming difficulties.

Learning to acquire financial skills is necessary, but on the path towards financial freedom, we still face many obstacles. Maybe those who master financial knowledge are the ones who don't have big businesses because of the following five reasons that we need to overcome to become rich:

1. Fear of losing money: No one is happy when losing money, but there are also no rich people who have never lost money. The reason we fail is because we are too afraid of failure. Don't be afraid, instead of worrying, start saving and investing in yourself early!

2. Skepticism: We often doubt our own decisions: "What should we do if we invest when the economy is in decline?", "What should we do if we lose our job and have no money to pay our debts?" . That mentality sometimes increases our anxiety. Don't let those negative thoughts overwhelm you: "Skeptics and cynics have never won, they always blame reality. But rich people and winners know how to analyze reality!

3. Laziness: People who always say they are busy are the laziest. There are people who, because they are busy, do not care about their health or family and then lose everything. How to treat that disease? The answer is: Be a little more "greedy", that is, dare to pursue and reach the life you want. Instead of saying: “I can't afford that!” Think the opposite: "How can I afford that?" - This will stimulate you to work and be more creative!

4. Habit: Habit controls human behavior. A good habit is very useful, but give yourself motivation too - something that pushes you to put in more effort in money matters!

5. Arrogance: In other words, arrogance, always overestimating yourself. Arrogance is one aspect of ignorance. Learn, don't cover up your ignorance because then you are deceiving yourself!

• Lesson 8: How to start taking action?

The book can be summarized into ten steps to awaken your innate financial talent:

1. Super realistic reason - mental strength: Answer the questions "want" and "don't want". For example: "I don't want to be poor", "I don't want to be an employee", "I want to become rich, I want money to work for me!". That answer is also the goal for you to aim for!

2. Choose to think about two things: Time and study. How to use the time, money and things you learn to achieve your goals. If you choose to be rich, you must know how to work hard for that choice.

3. Be careful when choosing friends - the power of relationships. It doesn't matter if you're rich or poor, what's important is what you learn from them.

4. Master the formula and then learn a new formula - the power of learning. The general formula that governs the world: sleep - go to work - earn money - pay debt - shop - go to work. If you feel tired from work and little money, it's time to change your money-making formula. Of course, that formula comes from learning.

5. Pay yourself first - Pay yourself first.

6. Pay a generous salary to the broker - the power of good advice - the bridge to successful investment.

7. Be “a gift-giving Indian” - the power of impartiality: a wise investor should not only see the return on investment but also see that once the capital has been recovered, you must have more assets that no need to lose money!

8. Using assets to buy luxury goods - the power of focus: turn the desire to spend into investment inspiration, not to borrow money.

9. Hero worship - the power of mythology: studying and learning about heroes like Donald Trump, Peter Lynch,... will make investing easier!

10. Give first and receive later - the power of giving.

If you are still not satisfied with the ten basic steps above, the final chapter will briefly present the basic things you need to do. It's important to take action immediately.

Epilogue:

Now you can confirm that the saying: "Go to school and try to learn so that you can have a stable, safe job in the future" is not really true in today's economy! One thing I can be sure of is that, after reading the book Rich Dad Poor Dad, anyone will have a new thought about money. That saying will be replaced by a newer thought: "Read books." Go to school, learn all the basic knowledge and especially learn financial management skills, so that when you graduate, you don't have to work for money, but make money work for you. !”