Rich Dad Poor Dad Book Synopsis

Rich Dad Poor Dad BookThe Rich Dad Poor Dad Book is all about your attitude towards money and how you manage money. Here you get a short synopsis of the book. Further below you get a link to where you can download a summary in PDF format for free.

 

 

 

Everybody who wants to accumulate wealth has to start with saving money and making this money work for you. The Rich Dad Poor Dad book shows an entrepreneurial approach to earning money.

Before you start investing your savings in the stock market to grow them faster, I recommend that you have a good understanding of the concepts that are explained in this book.

 

Visionary Statements in Book

 

Here are some visionary statements from the book:

  • Take the road less traveled
     
  • Work to learn, don’t work for money
     
  • Excessive fear and self-doubt are the greatest detractors of personal genius
     
  • Don’t play it safe, play it smart
     
  • It is not the smart that get ahead but the bold
     
  • Learn how to acquire assets that generate income
     
  • Money is only an idea. If you want more money, simply change your thinking
     
  • Action always beats inaction

 

 

Rich Dad Poor Dad Synopsis

 

Click on the link in this sentence to go to the page where you can download a free Rich Dad Poor Dad Summary PDF.

Remember that summaries are great but that nothing beats the original. I suggest you get the summary, read it and if you like it buy the original Rich Dad Poor Dad book as well.
Here below is a short preview on one of the chapters in the synopsis of the book.

 

Assets and Liabilities

 

  • The rich acquire income generating assets and the poor and middle class acquire liabilities.

  • Assets generate a regular net income. Liabilities generate a regular net expense.

  • Assets: stocks, bonds, index funds, mutual funds, notes, income generating real estate, IPR, business that do not require your presence, and anything else that has a value, produces income or appreciates and has a ready market.

  • Income from assets: dividends, interest, rental income, royalties.

  • Liability: debt, a higher mortgage.

  • Expenses: tax, property tax, insurance, maintenance, utilities, rent, mortgage.

  • Financial independence and increasing wealth: the net income from the assets exceeds the expenses.

  • Focus on growing the income generating assets, and on keeping liabilities and expenses down.


Here at the Stock Trend Investing Guide, you find an approach for growing your savings by investing them in stock market assets when the long-term trend indicates that these assets will increase most likely in value in the coming months and years. Read the other posts on this trend following blog or contact us for more information.

 

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