6 Best Timeless Lessons From Rich Dad Poor Dad (or Secrets Of The Millionaire Mind)
Robert Kiyosaki grew up with 2 dads. One was his real father (poor) and the other was his best friend’s father (rich).
He grew up with 2 different mental pictures of what money was.
Below I’d like to take you through some timeless lessons that I learned from the book and vibe with.
These lessons also helped Kiyosaki build wealth, master his relationship with money and retire comfortably.
#1. Surround yourself with people smarter than you.
Or I’d like to say, surround yourself with people that are where and who you’d like to be.
I have several mentors. These are people that you may follow, model and listen to online.
They are all successful and doing what I’d like to do in my own life.
Successful people will never stop learning or stop growing as human beings.
#2. Read as much as you can.
You will become what you read.
You’ll begin to change your thoughts and your actions will follow.
Especially if you are reading books that develope the mind for life and business. I read for 30 minutes a day.
Sometimes I’m reading 3 books at a time! Not sure if that’s a good idea or not but I do.
I also listen to books through my Audible app while I’m at work. The majority of people I’m surrounded by there are listening to just music…
This isn’t a bad thing but I’d rather make use of that time to grow and develop my mind.
#3. “The rich focus on their asset columns while everyone else focuses on their income statements.”
The rich people don’t “waste” money on everyday things that the everyday person buys.
Instead, what they do with their excess cash is to create an asset out of it.
“The long-term rich build their asset column first,” … “Then the income generated from the asset column buys their luxuries. The poor and middle class buy luxuries with their own sweat, blood, and children’s inheritance.” Kiyosaki writes.
Here are 2 of my favorites:
- Build a business.
I have investments in stocks/bonds and even investments for my kids.
I also have started a business! Connect with me here if you want to find out more.
#4. When you work, work to learn NOT earn.
Successful people are always learning.
“The poor and the middle-class work for money. The rich have money work for them.” — Kiyosaki
If you have a day job, learn from it. Even if you hate being there, reframe your thinking.
Tell yourself, what can I take from this job as a skillset to improve my overall development.
Always be learning something new. Stay out of your comfort zone.
#5. Develop financial intelligence
This one hit home for me. I was taking blind risks in my business that ended up putting me $7k in debt.
I bought into something that ultimately was a huge burn. I just jumped in without researching or understanding what I was getting myself into.
I wasn’t being smart with “managing” my risk. This is something Kiyosaki really emphasizes.
“Blind risk won’t get you anywhere, but intelligent risk, in your which education and experience play a key role… is the mother of reward.” — Kathleen Elkins
Just like you have your money work for you, when you’re playing to win, there’s an element of uncertainty and a bit of risk.
#6. Getting your MIND right
“The single most powerful asset we all have is our mind. If it is trained well, it can create enormous wealth.” — Kiyosaki
What rich people do is solve money problems.
They use their creative mind to formulate solutions and make things better using their financial “intelligence”.
They learn to manage assets, invest in themselves first and learn to budget.
Their thoughts are that of abundance and not lack.
It’s all in the subconscious.
They are wired differently. The average person is wired for poverty because of how they grew up.
The rich person was wired for the ability to do and be anything.
If you want to be successful, dive into failure.
Don’t fear it.
It’s all part of the process.
Let me know down in the comments below what you learned, what inspired you or how you changed from reading Rich Dad Poor Dad by Robert Kiyosaki.
* If you purchase anything through a link in this article, you should assume that I have an affiliate relationship with the company providing the product or service that you purchase and that I’ll be compensated in some small way at no extra cost to you.*