For anyone who is thinking about or has heard the words passive income, this is a MUST READ. Basically this book is written with 6 main lessons in mind and hopefully helps you learn how to think RICH.
Lessons:
- The Rich Don’t Work for Money
- Why Teach Financial literacy?
- Mind Your Own Business
- The History of Taxes and the Power of Corporations
- The Rich Invent Money
- Work to Learn – Don’t Work for Money
The basis of the book is Robert T. Kyioskai has 2 dads, 1 is his real dad who is a PhD Teacher who views getting a good education, a good job and you will have this “wishful thinking” worry free retirement. The other dad is his friends Mike’s Dad, who is a rich (building business, making money, etc) dad.
Robert discusses various stories while growing up and how he saw both sides of the picture as well as learnt how to make passive income. It took Robert a while until he was “out of the rat race”, making more money in passive income then expenses.
For any of those interested in this book and or read this book I HIGHLY recommend looking for a Cashflow club in your area and start playing the board game that was the prequel to the book. Robert created this game, Cashflow where you get an occupation, debt, etc (basically a life) and try to get out of the rat race by building up your passive income. After playing this game a couple of times you will start to see these “small/big opportunities” within your own life. During the end of October to November I have become a Cashflow addict. I was hitting up all the games around the PHX area and not only enjoyed playing but also tried to get out as fast as possible. This past Christmas I got the game Cashflow from my mom (thanks mom!) and have been bringing it with me to play with friends and family. Playing this game will help start to expand your context and your ability to understand money and how you make it. It’s a great way to teach financial intelligence as well as open your mind to see various “opportunities” that present themselves in your own life.
I will also be blogging more Financial Intelligence and my taping experience this past Friday with Robert later this week.
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Hey John. Here’s something you and your readers might enjoy. I have a free copy of Robert’s book Rich Dad, Poor Dad that I’m giving away on my blog. Check it out at Prime Time Money.
http://ptmoney.com