Reading Post #5 11/19/10

Posted: November 19, 2010 in Uncategorized

Book: RICH DAD POOR DAD. Author: Robert T. Kiyosaki. Pages read: 56-109.

From what i have read right in the past week, i have read that the rich dad was teaching the boys lessons on how to make money work for them instead of them working for money. the dad taught them lessons. he paid them 10 cents an hour every Saturday. that changed to getting paid not at all. they kids got mad and demanded a raise or they were going to quit working for the dad. the dad was waiting for the kids to finally get mad. the dad took them to a picnic table and started talking and teaching them lessons. talking to them in simple ways to teach them how to understand how they have to have money work for them, not them work for money. in the book there are diagrams and little painted pictures showing how the rich take assets instead of liabilities. the poor and middle class only do liabilities. they think they are assents but they really aren’t. rich people get rich because they have assets. they buy assets before they buy a house or something nice or big or just buy anything. by having a lot of assets they get rich. middle class and poor people get stuck with liabilities and incomes or something like that and then they struggle. this shows how the rich are rich. they think things through and they get real assets.

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