This book injected some much needed financial literacy and inspiration into my life. Robert Kiyosaki has an interesting take on personal finance and investing. I learned a few tidbits here and there, but it also got me thinking with the right mindset about my finances.
Key Takeaways
Memorable Quotes
Rating: 9.5/10
A change of mindset is priceless. In the past I've avoided thinking and talking about money because I don't know much about how it all works! But this book changed my mind on this front. I've begun engaging much more around money, finance, and accounting. I now recognize that the more I know, the more likely I am to use it to my advantage in real life.
Key Takeaways
- Use taxes and businesses to your advantage.
- Do not be afraid to lose.
- Your attitudes about money are a reflection of those of your parents.
- You must take control of your financial life.
- Rich people and poor people have very different attitudes towards money and investing.
Memorable Quotes
- In school we learn that mistakes are bad, and we are punished for making them. Yet, if you look at the way humans are designed to learn, we learn by making mistakes. We learn to walk by falling down. If we never fell down, we would never walk.
- Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success.
- You’re only poor if you give up. The most important thing is that you did something. Most people only talk and dream of getting rich.
- If you’re the kind of person who has no guts, you just give up every time life pushes you. If you’re that kind of person, you’ll live all your life playing it safe, doing the right things, saving yourself for something that never happens. Then, you die a boring old man.
- I’d rather welcome change than cling to the past.
- Emotions are what make us human. Make us real. The word 'emotion' stands for energy in motion. Be truthful about your emotions, and use your mind and emotions in your favor, not against yourself.
- The single most powerful asset we all have is our mind. If it is trained well, it can create enormous wealth in what seems to be an instant.
- If you realize that you're the problem, then you can change yourself, learn something and grow wiser. Don't blame other people for your problems.
Rating: 9.5/10
A change of mindset is priceless. In the past I've avoided thinking and talking about money because I don't know much about how it all works! But this book changed my mind on this front. I've begun engaging much more around money, finance, and accounting. I now recognize that the more I know, the more likely I am to use it to my advantage in real life.
