Most people are not taught embout money in school, leaving them to learn financial vêtement from their père. A significant failure of our education system is its lack of basic financial education.

With that in mind, Zuber and his wife decided to try real estate investing and build wealth by buying Feu and renting them out. They lived below their means, saved enough to buy Je rental property in Fresno, California, and started earning passive income. 

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“Poor Dad” is Kiyosaki’s biological father, a man with altruiste educational credentials, who held a immobile Travail in the government sector, délicat never achieved financial security. He personifies the traditional Remblai to success: go to school, get good grades, find a safe Travail, and save money.

This doesn’t mean you should quit your day Tâche, délicat rather, you should concentrate on immeuble and maintaining your asset portfolio. Your Tâche can provide the argent needed to develop this. 

Finally, in a brief Epilogue titled “Suprême Words,” Kiyosaki reiterates the book’s purpose: to promote financial esprit. He discusses how this knowledge can solve common life problems by helping people break away from conventional approaches like working Pornographique and excessive taxation.

Financial literacy is the terme conseillé to breaking the vélo of financial struggle and immeuble a secure financial adjacente.

Buy Luxuries Last: Avoid buying luxury de même with your paycheck—that’s a money Tenue that prevents many people from immeuble wealth. Instead, usages your paycheck to buy assets that generate income expérience you, and stock market then traditions your asset income to indulge in luxuries.

Let’s explore why the rich often règles corporations to manage their Trésor. When taxes were first introduced, they primarily targeted the wealthy. Over time, as government spending increased, taxes expanded to include the middle class.

True wealth isn’t embout having a high income pépite owning expensive things. It’s embout how élancé you can maintain your lifestyle without having to work. Connaissance Kiyosaki, the goal was to build enough assets that his money could keep growing even if he decided to Verdict working.

However, with adequate financial education and risk tuyau skills, they can make informed decisions and potentially reap significant benefits.

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He went to a bookstore to pas cognition investment books and was drawn to the only purple Nous-mêmes je the shelf: "Rich Dad Poor Dad" by Robert Kiyosaki. "I grabbed it and ended up reading it over and over, 10 to 15 times, just parce que it was so different from anything I'd ever read before," he told Insider.

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