Rich Dad’s Wisdom in a Nutshell

“You only have so many hours in a day and you can only work so hard. So why work hard for money? Learn to have money and people work hard for you, and you can be free to do the things that are important.”


-Time to raise children
-Have money to donate to charities and projects
-Bring jobs to the community
-Time and money to care for your health
-Time and money to travel the world
-Money supports life. Don’t spend your entire life working so hard for it.

Different quadrants…Different people

“If you want to be a leader of people, you need to be a master of words.” - Rich Dad

You can tell the difference between an employee-type, a self-employed person, a business owner, and an investor, by the kind of words they use.

Employees use words like “benefits, security”. What drives them is Fear.

Self-employed people use words like “Do it yourself” Be your own boss. For them money is not important but “independence, freedom” are. They are considered experts in their fields and like to do things their way. Quality of work is much more important than money.

Business owners like to hire E’s and S’s so they can keep their minds busy with the occupation of thinking. What do they like to think up? New business plans, of course.

A real business owner can leave his business for a year, and return to find it more profitable. She builds a system that is capable of running on its own, with capable managers.

Know the difference between risk and risky.
Define risk in your own words. Ask yourself is relying on a paycheck risky to you? Is having debt every month risky to you? Is owning an asset that generates cash flow into your pocket each month risky to you? Is spending time learning about financial education risky to you? Is spending time learning about different types of investments risky to you?

Commit 5 hours each week to do one or more of the ff:
•Read the business page of your newspaper and the Wall Street Journal.
•Listen to the financial news on TV or radio.
•Listen to educational cassettes on investing and financial education.
•Read financial magazines and newsletters.
•Play the board game CASHFLOW.

Believe in yourself and start today!