Important rules of Rich Dad and Poor Dad
1. Don't Just Work for Money
- Don't spend your whole life working only for a salary.- Learn how to make money by investing it.
- Example: Buy property or stocks that earn money for you .
2. Know the Difference Between Good and Bad Things for Money
- **Good Things**: These put money in your pocket (like renting out a house).- **Bad Things**: These take money from you (like paying a loan).
- Buy more good things and avoid spending on bad things.
3. Learn About Money to Become Smart
- Money knowledge is very important.- Learn about saving, investing, taxes, and how businesses work.
- It's not just about earning more; it's about using money intelligently.
4. Start Something of Your Own
- Don't just depend on your job.- Build something extra, like a side business.
5. Work to Learn, Not Only for Money
- Choose jobs that teach you important skills, like communication, sales, or managing money.- These skills will help you earn much more in the future.
6. Don't Be Afraid of Losing Money
- Fear of losing money can stop you from taking good opportunities.- Take smart risks after learning properly.
- Example: Invest carefully and don't panic when markets go up or down.
7. Look for Ways to Earn in Every Situation
- Don't focus only on problems; look for chances to make money.- Example: If property prices fall, it's a good time to buy cheap houses.
8. Learn How Taxes Work
- Rich people save money by using smart tax rules.- Start a small business or invest because they come with tax benefits.
9. Help Others With Your Knowledge
- What you know about money share with other persons.10. Stay Around Smart and Positive People
- Make friends with people who know about money and success.- Learn from them and avoid people with bad habits like overspending.
Important rules of Rich dad and poor dad
