Reader’s Reviews > Rich Dad, Poor Dad > Status Update
Reader
is on page 128 of 195
#6
What to learn? Know a little about a lot.
The higher specialized, the more trapped. But if so, then unionize.
- Leadership: If you’re not a good leader, you’ll get shot in the back, just like they do in business.
- Management of cash flow, systems, people.
- Sales & marketing: Communicate with human beings.
- Be both a good teacher and good student.
- Give, and you shall receive. Not the other way around.
— 7 hours, 54 min ago
What to learn? Know a little about a lot.
The higher specialized, the more trapped. But if so, then unionize.
- Leadership: If you’re not a good leader, you’ll get shot in the back, just like they do in business.
- Management of cash flow, systems, people.
- Sales & marketing: Communicate with human beings.
- Be both a good teacher and good student.
- Give, and you shall receive. Not the other way around.
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Reader’s Previous Updates
Reader
is on page 114 of 195
#5
Rich invent money with the most timely information. Seize an opportunity created by a market.
Now, the working-hard-to-earn method would feel riskier and harder. Time is one of your greatest assets.
It is not gambling if you know what you’re doing.
To do so, you need to be financially intelligent:
- Find an opportunity that everyone else missed.
- Raise money.
- Organize smarter people than you are.
— 8 hours, 54 min ago
Rich invent money with the most timely information. Seize an opportunity created by a market.
Now, the working-hard-to-earn method would feel riskier and harder. Time is one of your greatest assets.
It is not gambling if you know what you’re doing.
To do so, you need to be financially intelligent:
- Find an opportunity that everyone else missed.
- Raise money.
- Organize smarter people than you are.
Reader
is on page 90 of 195
#4
Tax system violates their initial purpose of punishing rich for more money, eventually levied on middle class & poor.
Rich find a way to escape the BS; corporates.
To fight confidently, you have to be right with a right knowledge; financial IQ, a combination of accounting, investing, understanding markets, laws (tax advantages, protection from lawsuits).
Earn, spend, THEN pay taxes. Don't live on post-taxes.
— Nov 03, 2025 08:26PM
Tax system violates their initial purpose of punishing rich for more money, eventually levied on middle class & poor.
Rich find a way to escape the BS; corporates.
To fight confidently, you have to be right with a right knowledge; financial IQ, a combination of accounting, investing, understanding markets, laws (tax advantages, protection from lawsuits).
Earn, spend, THEN pay taxes. Don't live on post-taxes.
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
— Nov 02, 2025 11:34PM
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)
— Nov 02, 2025 05:35PM
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 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.
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.
