Kiyosaki emphasises that it is crucial to give time to learning money and finance for building wealth. Giving time to learn stocks, investments, and entrepreneurship can significantly impact financial success.
One of the core lessons is understanding the difference between assets and liabilities. Kiyosaki defines assets as investments while liabilities as loans or debt. Building wealth involves acquiring more assets.
Instead of working solely for money, Kiyosaki encourages readers to find ways to make their money work for them. This can be achieved through investments, real estate, or starting a business, allowing you to earn passive income.
Kiyosaki discusses the importance of taking risks and learning from failures. He believes that fear of failure prevents many people from pursuing opportunities. Thus one should not fear from taking risks.
Kiyosaki suggests that individuals should seek jobs that provide valuable skills and experiences rather than just focusing on salary. Gaining knowledge and expertise in different areas can lead to better opportunities in the long run.
Lastly, the biggest key takeaway from "Rich Dad Poor Dad" is the significance of having a positive and growth-oriented mindset regarding money and success.