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

should purchase assets and use that extra positive cash flow to purchase their desires.

renting market has gone down in value,

As long as you purchase something that brings money to your pocket, it is an asset;

As long as you purchase something that brings money to your pocket, it is an asset; anything else is considered a liability

A third idea that Kiyosaki goes over is the use of building and buying assets to create a positive cash flow.

While kiyosaki isn’t saying that a university education isn’t useless, he does think that the universities in the United States are not helping the students learn about how the world really works, about “street smarts”.

the idea that being an entrepreneur is more risky. Instead Kiyosaki suggests that being an entrepreneur is actually a way to build better self-reliance than working for another person ever could