The Buyt Desk
Robert Kiyosaki has given many bestsellers. His books mainly focus on personal finance and business aspects. Let us look into takeaways from his books.
Robert Kiyosaki is an American businessman, investor, financial educator, and author. His contribution to imparting financial education is huge. Many bestsellers are written by him. The all-time best financial book – Rich Dad Poor Dad is his bestseller. People who want to get started in their financial education journey consider this book as a guide and motivator. He uses the term – Rich Dad a lot and also named his company The Rich Dad Company. His company aims to educate society concerning personal finance and business.
You need to read his books to understand why he often uses the term – Rich Dad. It is a good time to pick a few of his books and start your journey. If you are not sure which one to pick, you can start with
“Rich Dad Poor Dad”. You will gain more knowledge about finances. All his books have great lessons to learn from and will help you achieve financial freedom.
What are 5 takeaways from Robert Kiyosaki Book?
Takeaway 1 – Do what is necessary irrespective of whether you like it or not.
Robert never moved back from doing things that were necessary all through his life. He has done things to achieve financial freedom but not because he liked to do something. You must do things even if you hate them. He learned many subjects like taxes, accounting, law, and many more even when he didn’t like them. He is a bestselling writer of bestsellers but he hates writing. He still writes because writing is giving him financial freedom and through this medium, he can spread his knowledge. He is passionate about imparting knowledge to people so that they can achieve financial freedom. He says that people should never consider some jobs less respectable. If one wants to be Rich, they may have to do jobs that they don’t enjoy or consider less respectable.
Takeaway 2 – Discipline is a must for Success
His books tell us that discipline is above everything. To be successful in career, life, and finances, discipline is a must. The power of discipline is beyond knowledge. He learned about this by observing his young friends who were partying and enjoying themselves and understood the lack of discipline in their life. At a very young age, he understood that to be successful he needs discipline in his life. To learn a disciplined lifestyle he joined the military and later worked at the Marine Corps which is a branch of the US Armed Forces. These experiences gave him unshakable discipline lessons for life.
Takeaway 3 – To be Rich you have to focus on building assets not income
Robert says, most people have a misconception that to be rich, they have to focus on increasing their incomes and just keep working to increase their income. But it is not viable as it is a rat race. As a person’s income increases, his expenses and taxes also increase. This is a vicious cycle that never stops and doesn’t make anyone rich. The money you are building should work for you and you should not work to grow that fund. To get rich one should work on building their assets as the assets will make the money work for you. Only assets will give you financial freedom. Rental properties, stocks, gold, and silver are examples of income-generating assets.
Takeaway 4 – Your mind is your supreme asset
Robert says to be rich one should never stop working on one’s mind. By giving your brain tough challenges and problems to solve, you should work your brain and exercise it daily. Keep learning constantly. You have to work on your greatest asset daily to strengthen it. Even at the ripe age of 75, Robert still works on his mind regularly and it has given him everything he has today which his biggest assets didn’t give.
Takeaway 5 – Work to Learn and not to Earn
Robert says people mostly work to earn. Instead, they should work to learn. When one works to earn, they may fail to encash the opportunities. When you focus all on earning, you don’t learn much and soon the job becomes boring. When you work to learn, your growth is guaranteed. As you grow you will have better opportunities to explore both career and money per se. Robert says that everyone must learn regularly and upgrade their skill sets.
Summing up
Robert Kiyosaki stresses more on learning, discipline, and building assets. Keep doing what is needed to grow even if you do not like doing it. Have discipline in every aspect of life and this will take you a long way. Never stop learning and give good exercise to your brain. When you take up any job, look for what you will learn rather than what you will earn. Hope you have got a good picture of what it takes to be rich and financially independent.
