Rich Dad, Poor Dad
Things Ive picked up:
Never work for money. Working harder only makes the government and your bosses more money. Instead, learn how to make your money work for you.
Become financially intelligent - knowing the differences between assets and liabilities. The poor don’t have enough income to allow them to buy assets. The middle class have liabilities that they think are assets. The rich have assets and few liabilities. You become financially sound when your income matches your expenses for the month. Your assets pay for your luxury items, not income.
Formal education never teaches you about the power of money. School teaches you that with education, the money will come to you. In reality, money requires financial intelligence, not academic intelligence. Often people think education ends after college, simply it is only the beginning. Making money takes courage and risks. Having job security just teaches you to settle and follow the crowd (the rat race). If you want to be rich than you have to think with the mentality of “how can I afford that” than to think “I can’t afford that.”
It’s sometimes better to know little about a lot than to simply be specialized in one area. Keep your day job, but also run your own business. Learning from several businesses can provide vital information, formulas, and experience. 300 years ago the rich owned land. 100 years ago the rich owned factories. In modern day, the rich own information.
You must have a purpose to be rich. “I don’t want my parents dream of living in suburbia.” “I don’t want to work all my life.” I want to travel the world at a young age.” I want to be my own boss/ an entrepreneur.”
Have real world heroes or since of inspiration.
Know the aspects of accounting, investing, markets, and legal procedures.
![(Spider-Man)
Peter Parker: Uh… I said… he asked me what I thought about you.
Mary Jane: And what did you say?
Peter Parker: I said… uh…”Spiderman”, I said uh…”The great thing about MJ is… when you look in her eyes and she’s looking back in yours… everything… feels… not quite normal. Because you feel stronger and weaker at the same time. You feel excited and at the same time, terrified. The truth is… you don’t know what you feel except you know what kind of man you want to be. It’s as if you’ve reached the unreachable and you weren’t ready for it.”
(Spider-Man 2)
Mary Jane Watson: Whatever that means.
Peter Parker: Day by day he gazed upon her, Day by day he sighed with passion, Day by day…
Mary Jane Watson: [Interrupts Parker] Don’t start.
(Spider-Man 3)
Peter Parker: Whatever comes our way, whatever battle we have raging inside us, we always have a choice. My friend Harry taught me that. He chose to be the best of himself. It’s the choices that make us who we are, and we can always choose to do what’s right.](http://25.media.tumblr.com/tumblr_lygfodnEFh1qargkao1_500.jpg)

