Book: Key Assets Defended by Robert Kiyosaki in Rich Dad, Poor Dad
In his book Rich Dad, Poor Dad , Robert Kiyosaki advocates for the importance of investing in assets that generate passive income and increase in value over time. He clearly differentiates between assets and liabilities , arguing that the rich get richer because they accumulate assets that work for them.
Main Assets Defended in the Book:
Income-generating properties 🏠
- Buy properties that generate passive income through rentals.
- Avoid buying houses just to live in, as they are a liability (they generate expenses without financial return).
Own business 💼
- Create or invest in companies that operate without the need for your daily presence.
- Build a system where money and human resources work for you.
Stocks and stock market investments 📈
- Invest in stocks and funds that pay regular dividends.
- Understand the market and look for investments with potential for appreciation.
Investments in financial education 📚
- Acquire knowledge about finance, accounting and investments.
- Read books, take courses, and learn about how money works.
Intellectual property and royalties 🎵📖
- Create and sell digital products, books, courses, or music that generate passive income.
- Protect intellectual property to ensure long-term returns.
Gold, silver and cryptocurrencies (alternative assets) 🏅
- Although the book was written before the cryptocurrency boom, Kiyosaki has always advocated diversification into physical assets like gold and silver.
- In more recent interviews, he mentioned that he also invests in Bitcoin as a hedge against inflation.
The book's main lesson is: "The rich buy assets, the poor buy liabilities, and the middle class buy liabilities thinking they are assets." The goal should be to build a portfolio of assets that generate continuous income and financial freedom.
