Rich Dad Poor Dad
The Rich Don’t Work For Money
The rich dad had a completely unique approach to teaching. He said that if a person works for him, it's his responsibility to educate and teach that person. He even claimed that a person learns faster if he/she works along with learning. Practical experience is the key. Just to sit and listen to lectures is a sheer waste of time, and that's what happens in school.
“The poor and middle-class work for money, the rich have money work for them”
The author’s rich dad explained that the rich really did “make money.” They did not work for it. He believed that the best reason to get a job was to learn something, and not for the monthly salary.
The author started a business when he was only 9 years old. He had a library and rented comic books to the neighbourhood kids.
The author said that "The best part was that our business generated money for us, even when we weren't physically there. Our money worked for us."
The daily chorus, to get up, go to work, pay bills and live, was a vicious cycle according to the rich dad. Being offered more money as a job promotion over time results in an increase in expenditure and no real gain in the value for money, the life of the person wouldn’t change, he referred to it as a ‘Rat Race’.
As people grow, their expenses increase and so does their demand for expensive things. They have a constant thought to cope up with society and their standard of living. The fear pushes them but the desire beckons on them, enticing them towards unsafe territories, and that’s the trap.
The author explains that the poor and the middle-class work for money, fear, and greed because they were not taught to take risks, and rather to stay in their comfort zone and work for a stable salaried-job. He says that opportunities come and go in life, and the rich recognize them and grab them, but the poor ignore the opportunities, because they are too busy seeking money and security.
These lessons inspired the two boys (Robert & Mike) to find new ways to make money.