The primary goal of both Donald Trump and Robert Kiyosaki in writing the book is to share to the world their perspectives in addressing poverty. They see that the middle class is now being phased out worldwide. And history teaches us that once the middle class is gone, there will be social unrest. They admit that there are complex underlying factors to poverty and there is no simple answer. Just to give money to the poor will never solve the problem. Mindset has to change. Education plays a significant role in this change. And financial literacy is the kind of education that people need.The Book Has 5 Parts: The authors explain the reason they wrote the book in Part 1.
You will read the explanation about three types of investors in Part 2. People fall under four categories: employee, self-employed and small-business owners, big-business owners, and investors. You will also find here the distinction between savers and investors, leverage as the key to great wealth, and the mind as the greatest lever of all.
The discussion about factors that influenced one's life is found in Part 3. These influences came from various sources including home, school, military training, sports, business, and religion.
The authors counsel people coming from different settings in Part 4. They include students, adults with little cash, Baby Boomer, and the rich. They also list reasons why people fail to become rich and see the crucial role of environment.
Part 5 is the most practical section of the book for you will find in it specific ideas about real state, network selling, business ownership, and leadership skills. Top 6 Lessons I Learned: Locating myself financially. Learning Cashflow Quadrant, helps me find myself financially and thereby aim to change my financial setting from my present quadrant into my desired one.
The value of experience and personal growth. Preparing yourself by learning financial literacy is vital before entering the world of the entrepreneurs towards your journey to become rich. However, no amount of education will give you success not unless you put your education to work. By constant application, you are converting your education into experience and as a result you grow as a person.
Lessons on humility, self-discipline, and internal wealth. It is humbling to read that the authors in spite of their learning and their success, still they recognize how much they don't know. Moreover, what I admire about these men is their emphasis on self-discipline and to become rich internally over acquisition of material wealth. They see character as the primary wealth.
Setbacks in life as disguised opportunities. I can attest to this from personal experience. A "personal earthquake" that I thought would be the end of my world turns actually into the discovery of a new world of challenges and opportunities. I now learn to treasure life and people better than before.
Knowledge of the past to give you foresight. Knowledge of the past will equip you to see the present and the future. You will see the danger of current global economic situation if it will remain uncorrected. That is why the authors raise their "prophetic voice" to call people to financial literacy on their journey of becoming wealthy. They foresee that the present generation will soon face the difficult issues of life that previous generation is not able to answer such as questions on alternative energy, global warming, poverty, tax discrimination, and irrelevant educational system (p. 295).
The need for change. To be rich, you need to choose between your old self and your new self. The old self must die. Many people are afraid of dying and that is why they stop growing. Once you decided to become rich, the poor person inside of you must die.
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