“Rich Dad Poor Dad” is being published in a series of books. The book’s author is Robert Kiyosaki, who has changed the way tens of millions of people around the world think about money through the series. He has a remarkable talent for simply explaining complex concepts related to money, investment, finance and the economy. He has written 25 books, including “Rich Dad Poor Dad,” and is still loved by his readers.
The book that will be introduced is “Rich Dad Poor Dad 2”. The book consists of three parts, and the first part is about four different ways of earning money. The second part is a story about the two ways to spend money from two perspectives.
The third part is like the book’s subtitle in seven ways about money management by the rich. To briefly explain these seven methods, it is important to start with time and a small amount of money. The first way to manage money is to do business for yourself, not for others. In this regard, you should set long-term economic goals for five years and short-term economic goals for 12 months.
The second way is to control your cash flow. Those who do not contrl cash flow work for those who control it. For example, whenever you owe a debt, such as a home mortgage, a student loan, or a credit card, you become an employee of the people who lent the money.
The third way to manage money is to know the difference between what looks dangerous and what really is. Business and investment are not dangerous. Rather, it is dangerous not to learn about them. In other words, the danger is that people lack formal economic training and knowledge.
The fourth way to manage money is to decide what type of investor to be. Investors can be defined as three types: investors who have pursued problems, investors who have sought answers, and investors who think that “I don’t know anything.” You should choose to be all the three investors.
The fifth way to manage money is to find your own teachers. You should choose your own teachers wisely. If you want to go somewhere, it’s best to find someone who’s already there.
The sixth way to manage money is to make disappointment your asset. There is a difference in how we deal internally with disappointment. The rich father explained it this way. “The size of success is determined by the size of the desire, the size of the dream, and the way in which we deal with disappointment in like.”
The last and seventh way of managing money is to have faith in yourself. Our goal is ultimately more than just getting rich. It’s about learning to have faith in ourselves as well as in money. You must remember that the only person who decides to belive in yourself is you. Money doesn’t stay with people who don’t believe in themselves. You should put all these things into action, believe in yourself, and start. Aren’t you curious about “Rich Dad and Poor Dad?”
L.L.F reporter Su-Hyeon Heo