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Robert Kiyosaki‘s book Rich Dad Poor Dad has been referred to as the ultimate guide to develop a “think rich” mentality. It is, in fact, our limiting beliefs about money that can hold us back when we are trying to achieve a better financial status.
First of all you need to look at your own motivations to have more money
Although you will need more than a book (or books) to get to the root of your own attitudes towards money and self-worth, Rich Dad, Poor Dad can be a useful reminder of how to look at your financial affairs and develop better strategies at improving your finances.
First of all you need to look at your own motivations to have more money, what you are prepared to do and what you will not do to make more money.
Kiyosaki himself has become a global superstar – his best-selling book has generated a number of related products and services like seminars, coaching, apps and games
Look at how you spend
The key message is to look at how you spend: do you spend to accumulate stuff (liabilities) or do you spend to invest (assets)?
A word of warning: some people will refer to this book as a resource to learn how to make easy money. It is not.
So, what’s the secret to becoming rich? Well, I’m afraid to say that hard work is still the number one strategy – getting rich quick just doesn’t exist!
Here are other similar books to Rich Dad Poor Dad …
The Original Classic By Napoleon Hill.
Napoleon Hill is the grandfather of all motivational gurus. Written in 1937, this is a classic book on personal finance. Most importantly, this book will inspire you to follow your dreams and set up your goals.
Think rich to get rich by T. Harv Eker.
Harv Eker used to be broke, then worked his way up to run a chain of shops first and then become a successful business coach later.
Being rich it’s all in the mind
In his book he talks about your motivations and your feelings about money.
Being rich it’s all in the mind.
Escape the 9-5, Live Anywhere and Join the New Rich by Timothy Ferriss.
Tim Ferris needs to be included in this list mostly because he has become too popular to be ignored.
His key strategies to get rich include delegating and subcontracting.
The book also teaches you to break down a big goal into smaller and realistic tasks.
Have you read any of these?What’s your approach on that topic?
Any other books you’d like to share with us?
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