Monday, 20 February 2023

Rich Dad Poor Dad book chapter 8 detailed summary

 Chapter 8 of "Rich Dad Poor Dad" by Robert Kiyosaki is titled "The Rich Invent Money". In this chapter, Kiyosaki talks about the mindset of the wealthy and how they view money as something that can be created rather than something that is limited.


Kiyosaki starts the chapter by explaining that the rich don't rely on traditional methods of making money, such as working a job or investing in stocks. Instead, they invent their own ways of creating wealth by finding and solving problems. He also emphasizes that money is not limited and that anyone can create more of it if they have the right mindset.


Kiyosaki then goes on to explain that there are four basic financial aptitudes that are necessary for inventing money: accounting, investing, understanding markets, and the law. He argues that by developing these aptitudes, anyone can learn to create money.


He then goes on to provide examples of people who have invented money, including his own experiences. For example, Kiyosaki talks about how he and his wife used their knowledge of accounting and investing to create a real estate empire. He also discusses the importance of understanding markets and the law in order to be successful in creating wealth.


Finally, Kiyosaki emphasizes that the key to inventing money is to focus on solving problems and providing value to others. He argues that by doing so, you can create a steady stream of income that will allow you to achieve financial freedom and live the life you want.

Chapter 9 is coming soon 😊😊 Pls stay tuned.

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