Breaking the Myths of Money with Rich Dad Poor Dad

➡️ Today we’re diving into one of the most influential personal finance books of all time: Rich Dad Poor Dad by Robert Kiyosaki. This book has sold millions of copies worldwide—and for good reason. It challenges the way most of us think about money, work, and wealth.

➡️ The big idea? It’s not about how much money you make. It’s about how you think about money and what you do with it. Let’s break it down together.

➡️ Kiyosaki grew up with two father figures.

His Poor Dad—his biological father—was well educated, had a stable government job, and believed in the traditional path: go to school, get good grades, find security in a career.

His Rich Dad—his best friend’s father—didn’t have a college degree but built wealth through business and investments. He believed in making money work for you.

➡️ Those two mindsets—Poor Dad vs. Rich Dad—showed Kiyosaki firsthand how differently people can think about money. And that contrast shaped his financial education.

➡️ The Core Lessons

Lesson 1: The Rich Don’t Work for Money.

“Employees chase paychecks. The wealthy focus on building assets that pay them even when they’re not working. The lesson is clear: don’t just trade time for money.”

Lesson 2: Financial Literacy—Assets vs. Liabilities.

“An asset puts money in your pocket. A liability takes it out. Most people mix them up. For example, your personal home feels like an asset, but unless it generates cash flow, it’s really a liability.”

Lesson 3: Mind Your Own Business.

“Even if you have a job, you should be building wealth outside of it—through side hustles, real estate, or investments. That’s how you grow long-term wealth.”

Lesson 4: The Power of Corporations and Taxes.

“The wealthy use corporations to protect wealth and minimize taxes. Employees earn, pay taxes, then spend. Corporations earn, spend, then pay taxes on what’s left. It’s a completely different game.”

Lesson 5: Work to Learn, Not Just to Earn.

“Don’t chase the biggest paycheck. Chase skills. Sales, marketing, leadership, investing—these are worth more than a raise. You’re not working for money; you’re working to grow your financial intelligence.”

➡️ Myths to Break

Myth #1: Your house is your greatest asset. Truth: unless it puts money in your pocket, it’s a liability.

Myth #2: The success path is school, job, retirement. Truth: jobs can vanish, but assets create freedom.

Myth #3: You need money to make money. Truth: you really need knowledge, creativity, and courage.

➡️ So here’s the bottom line: Rich Dad Poor Dad isn’t a get-rich-quick scheme. It’s about shifting your mindset. It’s about learning the language of money, building assets, and creating financial freedom.

📌 Here’s my challenge to you this week:

Take a piece of paper and list your assets and liabilities. Which column is bigger?

Then choose one action that grows your assets: maybe it’s starting a side hustle, investing in real estate, or even just reading another financial book.