10 LESSONS FROM RICH DAD POOR DAD

    10 LESSONS FROM RICH                 DAD POOR DAD

      "What the rich teach their kids about money, the poor and middle class do not"

1.LEARN TO LISTEN.

         The first and important thing is you have listen what others say very deeply. The author says us to talk less and listen more. 

2.PAY YOURSELF FIRST.

        The author wants to convey that we have to pay ourselves first. It means pay some time, money, skills to you for the development of your life. So, pay yourself first. 

3.BUY LUXURIES LAST, NOT FIRST.

           The rich people not always buy luxuries first, but the one who spend the money to show him as a rich only buy luxuries. This is the foolish thing that you don't have to do in your life after getting more money. 

4.REDUCE EXPENSES & LIABILITIES.

         Wait a minute. I know what's expenses but what do mean as Liabilities, it is a new word to me"says someone who don't know the meaning of liabilities.First,Liabilities are what you owe other parties.Liabilities and expenses take money out from you. So, that reduce expenses and liabilities. 

5.AIM FOR MORE VALUABLE ASSETS.

      And here also you have a doubt," what's Asset ?".Well, I will explain it to you. Assets are the items your company owns that can provide future economic benefit. Assets put money in your pocket. So, aim for more valuable assets not liabilities . 

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6.BE IN CONTROL OVER YOUR EMOTIONS.

          You always control your emotions when taking any decision. It's very important to control your emotions, because the emotions make us to not think about the worth of the product. 

7 .WORK TO LEARN, DON'T WORK TO EARN.

            As a rich person, always wants to learn something new. They won't work to EARN. Learning Will automatically gives you a lot. So, work to learn, don't ever work to earn. 

8 .YOU BECOME WHAT YOU STUDY - READ A LOT.

           " Today's reader         

            Tomorrow's leader"

       Like that reading is one of the best quality in your life. So, improve that. What you know about the world decides what you become. Reading is a best skill so, develop it. 

9.RE-INVEST EXCESS CASH GENERATED BY ASSETS.

        You have to invest on assests repeatedly to become rich. We already saw that assets give you money. So, invest and re-invest on assets. 

10.SURROUND YOURSELF WITH PEOPLE SMARTER THAN YOU.

      The environment where you live, decides what you become. Rich people always surround with people Smarter than them. Then only they will give some superb idea's to them.The smart people think very smarter than you.The same things we have to follow in our life. 

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