Rich Dad Poor Dad

The below are some points which i liked and learnt a lot from them.
The book is a must read for everyone.

A useless person is ,kind of person who has no guts,just give up everytime life pushes,
kind of person who'll live all life playing it safe,doing right things saving yourself for some event that never happens.

It's easier to change yourself than everyone else

The joy the money brings is short lived and they need more money for more joy,more pleasure,security,comfort

Human life is a struggle between ignorance and illumination


A fool and his money is a big party.

If you find you have dug yourself into a hole stop digging

Golden rule, he who has gold makes rules.

Rich buy assets,poor only have expenses,middle class buys liabilities thinking assets

"Robin hood is a crook"

Tax which was intended to punish rich, inreality wound up punishing the very poor who voted for it.

Financial IQ is made up of knowledge from four broad areas of expertise
1 Accounting
2 Investing
3 Understanding markets
4 Law

Old ideas are biggest liability.

Most people have an opportunity of lifetime flash right in front of them and they fail to see it.

It's not how much money u make it's how much money u keep is important

Know difference between asset and liability

Job is a short term solution to a long term problem.

Pay Yourself first then ur creditors and tax

Dont listen to chicken littles


Three imp Management skills
1)Mgmt of cash flow
2)Mgmt of people
3)Mgmt of personal time

Intelligence + Arrogance = Ignorance



--My next book is Iacocca
In pipeline "Beating the street" and "One up on wall street"