What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not! by Robert T. Kiyosaki, Sharon L. Lechter

 

 

There is no point in doing a synopsis on this book.  I would simply be reprinting the book in its entirety here.  Buy it and read it.

Here are a couple of simple thoughts from the book:

  • Live below your means 
  • Gain as much specialized knowledge about areas of investing and money management as you can
  • Invest in property, stocks, & business (including your own)
  • You don't become wealthy by working for a salary
  • You become wealthy by creating residual income, money that comes from your investments

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Millionaire Mind
* Live Below Your Means, Avoid Consumer Debt * Invest In Things That Have Long Term Value * Work Hard * Work at What you Love * Manage Your Money well by getting good advice
Smart Couples Finish Rich
To get rich, you're going to have to learn how to get rich! Finishing rich doesn't just happen - it takes real action on your part. Take classes, read books, study the stock market, and make friends with wealthy people.
Courage To Be Rich
The single most important quality you need in order to change the course of your life is courage. The courage to stretch your limits, express your power, and fulfill your potential.
You Dont Have To Be Rich
* Proper money management is worth $25,000/year in salary * After $50,000/year, money doesn't increase happiness much * Money doesn't equal happiness, BUT the happier you are, the more money you tend to make.
Two Income Trap
The Big Mistake: Committing both incomes to cover monthly expenses.
Balancing Act
Don't leave finances up to your partner
Multiple Streams Of Income
Save. Invest. Save. Invest. How much you invest is not as important as consistently investing that amount over a long period of time.
Retire Young Retire Rich
If you want to get rich, you need to know how to use other people's money to get rich...not your own.
Raising Your Childs Financial IQ
Financial intelligence is not about how much money you make. Financial intelligence is about how much money you keep, how hard that money works for you, and how many generations you can keep that money.
Raising Your Childs Financial IQ Supplement
When children learn early that what they think matters and that actions have consequences they control, they learn that they can influence their own lives.
Think And Grow Rich
It's not about the money, it's about what money will allow you to do. How do you want to contribute to the world, your family, your friends? How much wealth will you need to accomplish that?
Ordinary Wealth
People aren't rich because they hire a financial advisor, but because their inherent nature leads them to seek out the best information they can.