Rich Dad Poor Dad

Chapter 8 Summary

“There is gold everywhere. Most people are not trained to see it”. In chapter 8, the author focuses on building wealth. When you want to be wealthy or make money, there should be something that motivates you. When you’re motivated to make money, you’ll be more successful. Wants that matter to you will provide motivation and inspiration because you want whatever it is your striving for. “To find million-dollar “deals of a lifetime”requires us to call on our financial genius. Kiyosaki tells us, the problem is that our financial genius lies, asleep waiting to be called upon. Our culture has educated us into believing the love of money is the root of all evil. The author tells readers we must “feed the mind”. Also, choose your friends wisely. Some people are just here for the moment and will use you if you are successful. Kiyosaki encourages readers to spend time with people who enjoy talking about money because they may have valuable lessons to learn. Another trait you should pick up as getting started is to “pay yourself first”. The author is being generous. He says it makes a lot of sense to pay one’s broker. If short of cash, people must pay themselves first. Use assets to buy luxuries. The desire for good things to drive you to generate assets to generate income that will pay for your luxuries. Make investments and spend the profit on yourself. Making money is all about making profit. “Teach, and you shall receive”, the more you teach are the ones who want to learn. This chapter really taught me several ways of how to build wealth. As I read more, I learn more and more ways how to develop strategies of making