Code Monkey home page Code Monkey logo

rich-dad-vs-poor-dad's Introduction

Rich-Dad-vs-Poor-Dad

"Rich Dad, Poor Dad" is a book by Robert Kiyosaki that contrasts the financial philosophies of two father figures, "Rich Dad" and "Poor Dad." Here's a summary of their key differences:

  1. Financial Education:

    • Rich Dad emphasizes the importance of financial education and acquiring assets that generate income.
    • Poor Dad believes in traditional education and job security.
  2. Assets vs. Liabilities:

    • Rich Dad teaches that assets (things that put money in your pocket) are the key to wealth.
    • Poor Dad focuses on reducing liabilities (things that take money out of your pocket) and owning a home.
  3. Entrepreneurship:

    • Rich Dad encourages entrepreneurship and starting businesses.
    • Poor Dad favors job security and a steady paycheck.
  4. Mindset:

    • Rich Dad promotes a mindset of financial independence and taking calculated risks.
    • Poor Dad follows a more conservative, play-it-safe approach.
  5. Taxes:

    • Rich Dad advises on using tax strategies and owning assets that offer tax benefits.
    • Poor Dad tends to pay taxes through a traditional job.
  6. Work to Learn:

    • Rich Dad believes in "work to learn" and constantly improving your financial knowledge.
    • Poor Dad believes in "working for money" and a regular job.

The book's core message is to encourage financial literacy, investing in assets, and thinking differently about money to achieve financial independence. It's important to note that the book is more about mindset and concepts rather than specific financial advice, and some of the ideas have been subject to debate and criticism.

rich-dad-vs-poor-dad's People

Contributors

sandysanthosh avatar

Stargazers

 avatar

Watchers

 avatar

Recommend Projects

  • React photo React

    A declarative, efficient, and flexible JavaScript library for building user interfaces.

  • Vue.js photo Vue.js

    ๐Ÿ–– Vue.js is a progressive, incrementally-adoptable JavaScript framework for building UI on the web.

  • Typescript photo Typescript

    TypeScript is a superset of JavaScript that compiles to clean JavaScript output.

  • TensorFlow photo TensorFlow

    An Open Source Machine Learning Framework for Everyone

  • Django photo Django

    The Web framework for perfectionists with deadlines.

  • D3 photo D3

    Bring data to life with SVG, Canvas and HTML. ๐Ÿ“Š๐Ÿ“ˆ๐ŸŽ‰

Recommend Topics

  • javascript

    JavaScript (JS) is a lightweight interpreted programming language with first-class functions.

  • web

    Some thing interesting about web. New door for the world.

  • server

    A server is a program made to process requests and deliver data to clients.

  • Machine learning

    Machine learning is a way of modeling and interpreting data that allows a piece of software to respond intelligently.

  • Game

    Some thing interesting about game, make everyone happy.

Recommend Org

  • Facebook photo Facebook

    We are working to build community through open source technology. NB: members must have two-factor auth.

  • Microsoft photo Microsoft

    Open source projects and samples from Microsoft.

  • Google photo Google

    Google โค๏ธ Open Source for everyone.

  • D3 photo D3

    Data-Driven Documents codes.