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Showing posts from April 23, 2023

Books summary by Faisal sir

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"Rich Dad Poor Dad" is a personal finance book written by Robert Kiyosaki that compares the mindset and financial habits of his two fathers: his biological father, who struggled with money and lived paycheck to paycheck, and his best friend's father, who became a self-made millionaire. The book teaches readers about financial literacy, investing, and the difference between assets and liabilities. Kiyosaki emphasizes the importance of thinking like an entrepreneur and owning assets that generate passive income, rather than just working for a paycheck. He also stresses the value of self-education and continuous learning. The main lessons of the book are: The rich don't work for money, they make money work for them. Building assets that generate passive income is key to becoming financially free. Financial literacy is crucial to financial success. Taking calculated risks is necessary for growth and success. Overall, "Rich Dad Poor Dad" encourages readers to