Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!

This book gave me a new perspective on financial literacy and put me on a path to learn more about it.

So, here's what I got out of the book. Rich people don't hustle for a paycheck. They're all about being money-smart. They know assets and liabilities and aim for passive income and positive cash flow. They're not into buying expensive houses because that adds to their financial headaches. Instead, they invest in real estate that makes them money, play the stock market game, and dabble in bonds. That's how they keep piling up the cash. The rich buy stuff that makes them money, while others buy things they think are assets but they're not. Assets? Well, those things put cash in your pocket, like stocks. Getting rich also means you have to master money management, stay focused, and know personal finance. It's all about learning the money game, understanding how supply and demand work, and having a handle on the law. Now, there are two schools of thought here. The "poor dad" says, "Work hard, earn a paycheck, play it safe, and don't take chances." Stick to school, get good grades, and hope for a cozy job at a big company. The "rich dad," on the other hand, lets money work for them. And they get that the thrill of spending money is short-lived. They ask, "How can I make this work for me?" They're risk managers, motivated by their kids, not held back by them. They buy assets, not liabilities. That's why the rich keep getting richer. It's all about snagging assets that boost your income, making smart investments, and brushing up on your money smarts for a brighter financial future.

Big treasure

One of my faves

it was eye opening and at the same time magical for me