Rich Dad, Poor Dad

  • Fear of society's disapproval, prevents us from leaving rat race and growing wealthy.

  • Fear and greed can drive financially ignorant people to make irrational decision.

  • Develop your financial intelligence (aka understanding about investments, stocks, accounting, economics, etc).

  • Financial intelligence and realistic assessments of your finances is key to growing wealthy.

  • Learn to take risks.

  • Be patient, stay motivated and be financially disciplined.

  • Don't be lazy (avoiding what needs to be done)and arrogance (ignorance [lacking financial knowledge] + ego [not admitting what you don't know] ).

  • Invest in assets (things that multiply your money), avoid liabilities (things that take out your money).

  • Profession pays the bill, business will make you wealthy.

  • Understand tax code to minimize your taxes.

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