My Dad

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They got a four-seater aeroplane, which they used as an air taxi, a nicer boat and started travelling more. In 1967, my father bought my mother a dark blue MGB GT sports car for her birthday.

When Robert Kiyosaki had quit his high-paying job, his poor dad had a heart to heart talk with him, failing to understand his mindset for quitting. Yes but I take more money out now than I put in. I'm 70 and my wife and I have four children between us. We're taking out money to help them. I also get my teacher's pension and my state pension.The biggest financial lesson to learn is that it’s all about how much money you keep, not how much you make. And without financial literacy, you’ll lose your money soon.

The rich put their money into a corporation. Their asset puts income into their corporation, and then corporate income can be used as income for their personal income statement. And the expenses from their personal income statement can go into the expenses for the corporation. Even though the masses continuously try to find ways to tax the rich, the rich consistently outsmart them. Robert Kiyosaki has more liabilities than most of the population, but he uses tenants to pay for his debts. Most people invest in low-yield mutual funds because it’s the safe thing to do. But that’s not the portfolio of a winner.My rich dad just played the game smart, and he did it through corporations– the biggest secret of the rich.” When it comes to financial education, you need to know the difference between good debt and bad debt. Analyze instead of criticizing. Most financial problems are caused by trying to keep up with the Joneses.” You might choose to buy a bigger house, work harder, or get a promotion or pay raise.