WHAT ARE THE LESSON'S FROM POOR DAD,RICH DAD?

TEN LESSONS FROM POOR DAD, RICH DAD 

Control your finances:

While many people are able to make money, not all learn how to properly manage it.

Understanding the distinction between assets and liabilities is the foundation of financial intelligence.

You will become richer if you have more money coming in than going out.

1.  First Things First:

The majority of people earn money and use it to pay their bills.

The wealthy always pay for themselves.

Invest in Experiences, Books, Courses, and Books Investment and savings are distinct:

2,  Saving is regarded as a necessary and beneficial habit.

Instead, you should put your money in an investment that grows faster than inflation.

3,  Saving reduces your money's purchasing power, whereas investing will increase its value.

4.Learn about taxes:

You will end up paying a lot of taxes if you are wealthy but do not know much about finances.

The rich pay less in taxes because they frequently invest in education.

Accounting, investing, market forces, and the law are all areas where financial intelligence is required.

5.Avoid relying solely on one source of income:

A great many people depend on a solitary kind of revenue.

You can never become rich and monetarily secure on the off chance that you are one of those.

There should be two to three sources of income for you.

If you have multiple sources of income, you will be in a better position even in the event of a financial crisis.

6.When you take chances, you become smarter:

If you don't take a chance, you won't be able to grow, not just get really big.

Because some opportunities in life have the potential to alter the course of your life, you ought to take a chance.

7.Financial literacy is an essential skill for everyone:

Intelligence generates wealth and solves problems.

Without financial intelligence, money is quickly lost.

The fact that students are taught to work for money is the sad aspect of the global education system.

The framework never shows how to make, make due, and keep the cash.

You ought to learn how to build wealth and devise a strategy for achieving financial independence.

8.Everything has a mindset:

Unfortunate father generally used to say" we can't bear the cost of this "while rich father trains him to supplant it with "how you can bear the cost of it?".

If you adopt a more upbeat outlook in this way, you will undoubtedly discover means to accomplish that goal.

The most important factors are your mindset and attitude.

You must have confidence in yourself before you can do anything else.

9.Put yourself in the company of smarter people:

The expression "If you are the smartest person in the room, then you are in the wrong room" is well-known.

Surround yourself with smarter people if you want to be smart.

10.Mind your feelings:

When you can't control your emotions, the situation only gets worse for you.

The statement is applicable in both personal and professional contexts.

You should learn to maintain emotional equilibrium under control and concentrate on achieving your financial objectives.