Tag Archives: Rich Dad Poor Dad

Create Wealth by Building a Business System

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We have been looking at some key principles of financial success – becoming disciplined about budgeting and saving, being prudent about getting into debt, and setting and achieving smart goals. We have also discussed the importance of creating additional income to meet your basic money needs.

However, if you want to attain financial security and eventually become financially free, you have to move beyond just managing your money well and learn how to effectively multiply your money. You need to acquire new skills and techniques that can help you to create long-lasting wealth.

Understanding how to multiply money is usually difficult for most people because it involves changing long-held negative mindsets towards making money. Although many people say they want to be rich, they are really not willing to put in the hard work that’s required to learn how to do it. Continue reading Create Wealth by Building a Business System →

Mind Your Own Business

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We have recently been examining some key books that can help you to learn how to achieve a financially rewarding life. Understanding and practising the basic principles of money success are fundamental steps to creating a prosperous future.

As Robert Kiyosaki explained in his bestseller, Rich Dad Poor Dad, “If you want to be rich, you need to be financially literate.”

Reading Kiyosaki’s account of the lessons he learned from the mentor whom he called his ‘rich dad’ was an eye-opening experience, as it revealed some financial concepts that I had never encountered before. It was impossible to think the same way about money after being exposed to the wealth secrets that ‘rich dad’ shared. Continue reading Mind Your Own Business →

What do the rich know about money?

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“The main reason people struggle financially is because they have spent years in school but learned nothing about money. The result is that people learn to work for money… but never learn to have money work for them.”

This bold statement on the back cover of Rich Dad Poor Dad was very intriguing. I had heard a lot about Robert Kiyosaki’s bestselling book, which promised to reveal what rich people taught their children about money that poor and middle-class people did not.

I was eager to find out if the publicity hype surrounding it was warranted, so it was one of the first books that I read in my search for ways to become financially successful.

I have spoken to hundreds of persons who are, just like I was many years ago, financially distressed and desperate for solutions to their money problems. Unfortunately, too many of them are looking for quick fixes to their financial woes. The question often asked is, “How can I make some more money fast?” Continue reading What do the rich know about money? →