Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!

by Robert T. Kiyosaki

“The lack of money is the root of all evil.”

The lake of money is the root of all evil

“How can I afford it?”

I afford it

“If you learn life’s lessons, you will do well. If not, life will just continue to push you around. People do two things.

but the fear of losing was greater than the excitement of winning.

the excitement wining

I’ve learned to focus on what I do have control over: myself. And if things must change, first I must change.

I do have control over

Buying or building assets that deliver cash flow is putting your money to work for you.

People’s lives are forever controlled by two emotions: fear and greed.

the fear of being without money motivates us to work hard, and then once we get that paycheck, greed or desire starts us thinking about all the wonderful things money can buy. The pattern is then set.”

greed or desire

“What pattern?” I asked. “The pattern of get up, go to work, pay bills; get up, go to work, pay bills. People’s lives are forever controlled by two emotions: fear and greed. Offer them more money and they continue the cycle by increasing their spending. This is what I call the Rat Race.”

rate race

“You mean the moment I picture a new baseball glove, candy and toys, that’s like a carrot to a donkey?” Mike asked.

I picture

“That’s what I will teach you. I’ll teach you to have a choice of thoughts rather than a knee-jerk reaction, like gulping down your morning coffee and running out the door.

a knee -jerk reaction

When emotion goes up, intelligence goes down.

job is only a short-term solution to a long-term problem.

Keep using your brain, work for free, and soon your mind will show you ways of making money far beyond what I could ever pay you. You will see things that other people never see.

beyond what I could pay you

Most people never see these opportunities because they’re looking for money and security,

we were forced to use our imaginations to identify an opportunity to make money.

we forced

Too often people reacted to their emotions instead of thinking logically.

And the key for the boys was to learn to use their emotions to think, not to think with their emotions. They must learn to choose their thoughts.

absurdly

absurdly

windfall

windfall

inheritance,

inheritance

intervention,

intervention

malpractice lawsuits.

malpractice lawsuits

aptitude

aptitude

cramped

crampd

essence,

essance

withholding.

withholding

mortgage,

mortgage

appliances

appliances

ENTITLEMENT

entitlement

‘bracket creep’

bracket creep

progressive

progressive

insolvency.

insolvency

consolidation

cosolidation

dilemma

dilemma

illiteracy

illiteracy

seldom

seldom

presence

presence

treasured

treasured

vast

vast

majority

majority

Diversify.

diversify

psychiatrists,

psychiatrists

ostracism,

ostacism

ridi...

out...

Mutual

Joneses.

attorneys,

directing,