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5 Life-changing Lessons from Robert Kiyosaki

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Robert Kiyosaki is very popular for his book called ‘Rich Dad Poor Dad’ (one of the best books on money ever written.) In this book, he gives you some excellent advice on how to get rich. Here are the five life-changing lessons from Robert Kiyosaki.

About Robert Kiyosaki:

Robert Kiyosaki is an American investor, entrepreneur, businessman, self-help author, motivational speaker and financial literacy advocate.

5 Robert Kiyosaki Lessons

1. Don’t work for money, make it work for you.

“The main reason people struggle financially is because they have spent years in school but learned nothing about money. The result is that people learn to work for money… but never learn to have money work for them.” – Robert Kiyosaki

Don’t work for money, instead make your money work for you. One of the major differences between poor, middle class and rich is that the poor and middle class work for money, but the rich have their money work for them. Learn how to make your money work for you. Remember, the more your money works, the less you will have to work.

2. Learn how to earn passive income

“A wealthy person is simply someone who has learned how to make money when they’re not working.” – Robert Kiyosaki

Income comes in two forms: active income and passive income. Active income is the money earned from active work. Passive income is money earned without actively working. The problem with active income is that it’s a very limited and linear process. Work an hour, earn a dollar; work two hours, earn two dollars. It depends on you, which means you can never stop. It’s a trap. So learn how to earn passive income, without passive income you can never be free.

3. Know the difference between an asset and a liability

An asset is something that puts money in your pocket. A liability is something that takes money out of your pocket. Rich people acquire assets. The poor and middle class acquire liabilities. If you want to be rich, simply spend your life buying assets. If you want to be poor or middle class, spend your life buying liabilities.

4. Get financially literate

“Academic qualifications are important and so is financial education. They’re both important and schools are forgetting one of them.” – Robert Kiyosaki

Have you ever thought why many smart bankers, doctors, and accountants who earned excellent grades in school struggle financially all of their lives. The reason is they are not financially literate. Schools focus on scholastic and professional skills, but not on financial skills. Most of us learn about money from our parents. So what can poor parents tell their child about money? They simply say, “Stay in school and study hard.” The child may graduate with excellent grades, but with a poor person’s financial programming and mindset.

5. Money alone does not make you rich

“The single most powerful asset we have is our mind. If trained well, it can create enormous wealth.” – Robert Kiyosaki

Having money does not make your rich, because you can always lose money. What makes you rich is Knowledge. It is not real estate, gold, stocks, hard work, or money that makes you rich; it is what you know about real estate, gold, stocks, hard work, and money that makes you rich. Ultimately, it is your financial intelligence that makes you rich. Financial intelligence has nothing to do with academic intelligence. You can be a genius when it comes to academic intelligence, but a moron when it comes to financial intelligence.

SEE ALSO: 53 Robert Kiyosaki Quotes That Can Change Your Life

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