Reader’s Reviews > Rich Dad, Poor Dad > Status Update
Reader
is on page 40 of 195
#1
More money will not solve your problem.
Your life is controlled by fear and greed. If you don’t first handle them, and you get rich, you’ll only be a "highly paid slave".
Money is an illusion, like the carrot for the donkey. People believe money is real. Stop chasing it, your paychecks.
Work to learn, even for free. Stop working for money. And use your brain.
You can later make money work for you.
— Oct 23, 2025 10:25PM
More money will not solve your problem.
Your life is controlled by fear and greed. If you don’t first handle them, and you get rich, you’ll only be a "highly paid slave".
Money is an illusion, like the carrot for the donkey. People believe money is real. Stop chasing it, your paychecks.
Work to learn, even for free. Stop working for money. And use your brain.
You can later make money work for you.
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Reader’s Previous Updates
Reader
is on page 78 of 195
#3
Keep your day job, but it's meaningless unless you use it to invest in income-generating assets:
• Businesses, NOT requiring my presence. Managed or run by other people. If I have to work there, it’s not a business, but a job.
• Stocks, Bonds, Notes (IOUs)
• Income-generating real estate
• Royalties from IP like patents.
• Anything with value, producing income / appreciates & having a ready market
— 1 hour, 40 min ago
Keep your day job, but it's meaningless unless you use it to invest in income-generating assets:
• Businesses, NOT requiring my presence. Managed or run by other people. If I have to work there, it’s not a business, but a job.
• Stocks, Bonds, Notes (IOUs)
• Income-generating real estate
• Royalties from IP like patents.
• Anything with value, producing income / appreciates & having a ready market
Reader
is on page 70 of 195
#2
Keep your money by investing in assets that go into your pocket, and repeat.
Income statement (income & expense) & Balance sheet (asset & liability)
= cash flow that tells how a person handles their money
Middle class acquire liabilities they think are assets. When their income grows, expense grows.
- bigger home, bigger expense
- income (for companies), taxes (for government), mortgage (for banks)
— 7 hours, 38 min ago
Keep your money by investing in assets that go into your pocket, and repeat.
Income statement (income & expense) & Balance sheet (asset & liability)
= cash flow that tells how a person handles their money
Middle class acquire liabilities they think are assets. When their income grows, expense grows.
- bigger home, bigger expense
- income (for companies), taxes (for government), mortgage (for banks)
Reader
is on page 8 of 195
#intro
The poor dad was the more highly educated dad.
Broke is temporary. Poor is eternal.
Thoughts shape your lives.
Exercise your brain to be stronger. It will make money. Avoid mental laziness.
Learn to "manage risk"
House is a liability, and if your house is your largest investment, you’re in trouble.
— Oct 23, 2025 01:13AM
The poor dad was the more highly educated dad.
Broke is temporary. Poor is eternal.
Thoughts shape your lives.
Exercise your brain to be stronger. It will make money. Avoid mental laziness.
Learn to "manage risk"
House is a liability, and if your house is your largest investment, you’re in trouble.
