New Delhi: Robert Kiyosaki, author of ‘Rich Dad Poor Dad’ and the person who has predicted Bitcoin to go past $1,25,000, has mentioned life changing money rules in his book. The popular book has changed the thought process of several people regarding financial education. The rules related to money and investment given in this book are important for everyone, especially for those who want to achieve financial freedom. If you also dream of becoming rich then you must know these 8 quotes and rules. Kiyosaki’s book is a global bestseller with over 32 million copies sold.
Robert Kiyosaki is bullish on bitcoin. He is known for his criticism of fiat currencies and advocacy for alternative assets. Taking to X, Kiyosaki on January 15, 2025 predicted Bitcoin to reach $250,000 in 2025 and stated that he is adding more bitcoins to his account.
Robert Kiyosaki’s 8 Rules to Build Wealth
- According to Kiyosaki, rich people invest their money appropriately to earn more money, while poor and middle class people depend on salary. He says if an individual wants financial freedom, then the person has to make a strategy to make money work for you instead of working to earn money.
- One of the biggest financial mantras of the ‘Rich Dad Poor Dad’ book is – the things that take money out of your pocket are liabilities and the things that put money in your pocket are assets. Rich people invest their money in assets like real estate, stocks, business etc., while poor people spend on expensive cars, houses and things that drain their pockets.
- In his book, Kiyosaki, says school teaches how to do a job but does not give us the education about skills to make money. To become rich, people have to themselves learn financial education and learn the right ways of investing.
- Rich people understand the tax system and make proper use of the tax benefits given by the government. They create business and investment strategies to save their income legally, while poor and middle class people pay a large part of their earnings in taxes, the book mentions.
- “The biggest risk is not taking any risk,” Kiyosaki writes in his book. He further states that if anyone wants to become rich, individuals have to learn to take the right risk in investing. Only wise investment will ensure financial growth.
- While educating people about creating wealth and making wise decisions while investing, the author of ‘Rich Dad Poor Dad’ says that one can never become rich with just one job. He writes wealthy people always focus on passive income and make sure that they continue to earn from many sources – like stocks, real estate, business, dividend income etc. If you want to become rich, you will also have to create multiple income sources, the book mentions
- Kiyosaki emphasised that if any individual wants to become rich, it is very important for that person to learn about money. If you have money but do not have financial IQ, then the money will soon run out, he warns in the book.
- Poor and middle class people first spend to fulfill their needs and if money is left, they invest. Whereas rich people first invest and then meet their expenses with the remaining money. This habit makes them financially strong.
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