Financial 101's from: Robert Kiyosaki’s "Rich Dad Poor Dad"

We would like to give a warm round of applause to Robert Kiyosaki for the legacy he has left us with his book: "Rich Dad Poor Dad".

Kiyosaki illustrates the mindset of his educated, analytical, smart, and forward-thinking rich dad versus his poor dad, who didn’t finish middle school.

Both were successful in their businesses, but one became a millionaire and constantly struggled to keep his finances afloat.

Here are some lessons you should never forget:

1. Think outside the box

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-One of my dads taught me how to write an excellent resume to get a job, while the other taught me to create a business plan that generates jobs.

This part of the book gives credit to the phrase "Think outside the box."

In life, you have two choices: do what everyone else is doing or venture out, start your own business, launch a startup, and provide jobs for more people.

2. Learn fast

-What matters is not what you know, but how quickly you learn.

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No one is born knowledgeable; we all have a lot to learn. Your challenge will be to get up to speed and develop your ability to learn quickly.

Hard work beats talent when talent doesn’t work hard (it sounds like a tongue twister, but it makes a lot of sense).

3. Broaden your options

-Financial intelligence simply means having more options

What if the business you invested heavily in doesn’t work out? Or what if your partner suddenly backs out? If your answer is: I’d die, cry, or have a nervous breakdown (or something similar), you’ll need to reset your mind and have a Plan B in case things don’t go as expected.

Options? There are many, show that you have a high degree of financial intelligence.

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4. Hoarding won’t make you richer

-Some people are so fortunate that their financial plan for “comfort” generates surplus cash that makes them think they are rich. But unless they learn to think like the rich, they will still be poor. They will just be poor with money.

Hands take money out of the wallet on the table.

Being rich doesn't mean you need to have half a million dollars saved in your bank account. Being rich goes beyond physical money.

Don’t hoard money, invest it and/or put it to work in something that generates more money. Money attracts money.

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5. Invest in knowledge

-The most powerful asset we have is our mind.

How is your belief system? Do you visualize how your future self will be, or do you apply the 'you only live once' philosophy?

Our mind is a double-edged sword; if you believe you can do something, you will be able to do it. If you constantly put obstacles in your way, you will never progress. Change your mindset.

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Robert Kiyosaki also says: The phrase "it can’t be done" turns strong people weak, blinds people who can see, saddens happy people, turns the brave into cowards, causes rich people to think poorly, and limits the achievements of that great person living inside each of us. He’s absolutely right, isn’t he?

6. The present defines your future

-Do today what you want for your tomorrows

Our good friend Aristotle said that we are what we repeatedly do, hence excellence is not an act, but a habit.

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7. Be ready to act

-Doubts are expensive

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This is 100% real, no fake. Doubts are more costly than debts because too much analysis leads to paralysis. So... you know what to do.

8. Now is your time

-Face your fears and doubts, and new worlds will open up for you.

Your comfort zone is cozy, but nothing new happens there; let life happen and take risks from time to time, you’ll see it’s not so bad.

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What example do you want to set? The one of the rich dad or the poor dad?

Make Robert Kiyosaki and your entire family lineage proud.