Rich dad poor dad - Robert kiyosaki: The 10-minute money blueprint millionaires follow

Scan Time: 3-4 minutes / Read time: 5-7 minutes 

Chapters in book: 10 / Chapters in here: 10 (same order as book)

Hey rebel solopreneurs 🦸‍♂️🦸‍♀️

You've been told that working hard and getting good grades will make you wealthy.

But millions of educated people are still broke, trapped in jobs they hate, living paycheck to paycheck.

Sound familiar?

The secret isn't in your diploma or your salary - it's in how you think about money.

You're about to discover Robert Kiyosaki's wealth-building revelations from Rich Dad Poor Dad that'll flip everything you thought you knew about money.

Time to unlock the secret.

💰 Multi-millionaire entrepreneurs who love this book

⛳️ The author's journey: from poor dad thinking to rich dad wealth

Robert Kiyosaki grew up torn between two worlds.

His biological father - the "Poor Dad" - was brilliant, educated, and broke.

PhD, government job, steady paycheck, but constantly stressed about money.

His best friend's father - the "Rich Dad" - was a high school dropout who became one of Hawaii's wealthiest men.

The turning point came when nine-year-old Robert asked both dads how to make money.

Poor Dad said "Go to school, get good grades, find a secure job."

Rich Dad said "Learn to have money work for you, not the other way around."

That's when Robert realized he had to choose between two completely different philosophies about money.

He started working for Rich Dad at age nine - for free - to learn how business really worked.

While other kids played, Robert was learning about cash flow, assets, and investments.

Poor Dad thought Robert was wasting his time and should focus on homework instead.

But Rich Dad was teaching him lessons no school would ever cover.

"The poor and middle class work for money. The rich have money work for them," says Kiyosaki.

Rich Dad taught him that assets put money in your pocket, while liabilities take money out.

Most people think their house is an asset, but it's actually a liability draining their wealth.

Robert watched Rich Dad buy small businesses and rental properties while Poor Dad just climbed the corporate ladder.

The wealthy focus on building businesses, investments, and cash-flowing assets.

By his twenties, Robert had learned to build multiple income streams while his Poor Dad was still worried about job security.

"Job security meant everything to my educated dad. Learning meant everything to my rich dad," adds Kiyosaki.

Let's explore Kiyosaki's money-making strategies that'll rewire your financial thinking so you can stop worrying about money every month.

Time to unlock the secret...

1. Choose your money mindset (💰 Two Dads Mindset)

🧸 Example

• Kiyosaki's Poor Dad was highly educated with a PhD, worked for the government, and constantly worried about money despite his stable job.

• His Rich Dad dropped out of high school but built multiple businesses and investments, becoming one of Hawaii's wealthiest men.

• Poor Dad would say "I can't afford it" while Rich Dad would ask "How can I afford it?"

🔥 The power insight

• Two Dads Mindset means choosing between employee thinking (trade time for money) and investor thinking (make money work for you)

• You get to pick which voice guides your financial decisions - the security-focused employee or the opportunity-focused entrepreneur

• It's like choosing between being a hamster on a wheel or the person who owns the wheel factory

• Mindset matters... but how do you escape the money trap without going broke?

2. Break free from the paycheck prison (⛓️ Money Trap)

🧸 Example

• Kiyosaki worked for his Rich Dad for 10 cents an hour, then got frustrated and quit.

• Rich Dad explained this was exactly the trap - people get angry about low pay, demand raises, then get trapped by higher expenses (hilariously backwards when you think about it).

• Instead, Rich Dad taught him to work for free to learn about business and investments, not just collect a paycheck.

🔥 The power insight

• Money Trap means working harder for more money only leads to more expenses and more dependency

• You realize that chasing bigger paychecks keeps you stuck in the same cycle, just with fancier chains

• It's like trying to fill a bucket with a hole in the bottom - more water doesn't fix the problem

• Trap identified... but what's the real difference between assets and liabilities without expensive lessons?

3. Master the money game rules (📊 Asset vs. Liability)

🧸 Example

• Most people think their house is an asset, but Rich Dad explained it's actually a liability because it takes money out of your pocket every month (shocking, right?).

• A rental property that generates positive cash flow is an asset.

• McDonald's Corporation doesn't make money from hamburgers - they make money from real estate, owning the land under franchises.

🔥 The power insight

• Asset vs. Liability means anything putting money in your pocket is an asset, anything taking money out is a liability

• You can finally make smart money decisions by asking one simple question before every purchase

• It's like having financial x-ray vision - you can see through marketing to what actually builds wealth

• Rules clear... but how do you build your own money machine without failing spectacularly?

4. Build your wealth engine (🏗️ Business Building)

🧸 Example

• Ray Kroc, founder of McDonald's, told MBA students he wasn't in the hamburger business - he was in the real estate business (mind blown yet?).

• While franchisees focused on hamburgers, McDonald's Corporation built wealth by owning the land.

• Similarly, Kiyosaki kept his day job while building his asset column through real estate and small businesses.

🔥 The power insight

• Business Building means focusing on your asset column while everyone else focuses on their income statements

• You start seeing every dollar as a potential soldier in your wealth army, not just something to spend

• It's like planting an orchard while others are buying fruit at the grocery store

• Foundation building... but how do you protect your wealth from taxes without ending up in jail?

5. Play the tax game like the wealthy (🏛️ Tax Strategy)

🧸 Example

• When taxes were introduced in America, they were initially only for the wealthy, but governments expanded them to the middle class (classic government move).

• The rich responded by creating corporations to protect their wealth.

• A corporation can deduct expenses before paying taxes, while employees pay taxes first, then live on what's left.

🔥 The power insight

• Tax Strategy means using legal corporate structures to minimize taxes and maximize wealth building

• You discover that the wealthy don't pay more taxes - they just play by different rules that you can learn too

• It's like playing chess while everyone else is playing checkers - same board, different strategies

• Tax strategy learned... but how do you actually create money from thin air without being sketchy?

6. Create wealth from opportunities (💡 Money Creation)

🧸 Example

• Kiyosaki found a house worth $75,000 that a seller needed to sell quickly for $20,000.

• Instead of using his own money, he found an investor who lent him $2,000 for the down payment.

• He then sold the house for $60,000, keeping $40,000 profit from a $2,000 investment (not bad for a day's work).

🔥 The power insight

• Money Creation means seeing opportunities others miss and using leverage to multiply your returns

• You start recognizing that money isn't scarce - it's everywhere if you know how to spot the patterns

• It's like having treasure map reading skills while everyone else walks past buried gold

• Money creation mastered... but what skills do you need to keep growing without hitting a wall?

7. Invest in your financial education (🎓 Skill Building)

🧸 Example

• Kiyosaki worked at Xerox to learn sales skills, even though he was already financially free.

• He could have earned more elsewhere, but he wanted to overcome his fear of rejection and master selling.

• Many people stay in jobs they hate because they specialize in one skill and can't afford to learn new ones (talk about being stuck).

🔥 The power insight

• Skill Building means choosing opportunities based on what you'll learn, not just what you'll earn

• You realize that the right skills can make you money for life, while jobs only pay you while you're there

• It's like collecting power-ups in a video game - each skill makes you stronger for the next level

• Skills developing... but what mental blocks might sabotage your success just when things get good?

8. Conquer your money fears (🧠 Fear Management)

🧸 Example

• Most people are so afraid of losing money that they never invest (ironic much?).

• Rich Dad taught Kiyosaki that everyone has fear, but winners use fear as motivation while losers let fear paralyze them.

• When the stock market crashed in 1987, while others were freaking out, Kiyosaki saw it as a buying opportunity and made significant profits.

🔥 The power insight

• Fear Management means recognizing that fear of losing money often causes people to lose more money by not investing

• You learn that courage isn't the absence of fear - it's taking action despite the fear

• It's like learning to surf - you'll never catch waves if you're too scared to get in the water

• Fears conquered... but how do you actually get started without overthinking everything to death?

9. Take your first wealth-building steps (🚀 Action Steps)

🧸 Example

• Kiyosaki recommends starting with small real estate investments, attending seminars, making offers on properties (even if rejected), and constantly learning.

• He started by buying small rental properties and reinvesting the income into more properties.

• The key is to start, even if imperfectly, because action beats perfect planning every time (shocking concept, right?).

🔥 The power insight

• Action Steps means taking imperfect action beats perfect planning every single time

• You discover that wealthy people aren't necessarily smarter - they just start moving while others are still thinking

• It's like learning to ride a bike - you can't figure it out by reading about it, you have to actually pedal

• Action plan ready... but how do you keep growing your wealth without burning out?

10. Never stop learning and growing (📚 Continuous Learning)

🧸 Example

• Kiyosaki suggests reading biographies of successful people, taking courses on investing, attending real estate seminars, and constantly expanding your knowledge.

• He emphasizes that learning is a lifelong process - the moment you stop learning is the moment you start falling behind (harsh but true).

• The wealthy invest in their minds first, then their money follows.

🔥 The power insight

• Continuous Learning means treating your financial education as a lifelong investment that pays compound returns

• You realize that every book, course, and seminar is a small price for potentially massive wealth gains

• It's like sharpening your sword - the sharper your mind, the easier it cuts through financial obstacles

🧘‍♀️ The simple success recipe

1. Choose investor mindset over employee mindset - Like switching from being a hamster on the wheel to owning the wheel factory

2. Buy assets, not liabilities - Like planting money trees instead of buying expensive fruit

3. Invest in your financial education first - Like sharpening your sword before going into battle

🥂 Your turn!

That's it, my fellow rebels!

Rich Dad's wisdom boils down to this: make money work for you, not the other way around.

"The single most powerful asset we all have is our mind."

Today, pick one asset you could start building - even if it's just reading one book about real estate or stocks.

Remember, every setback is just another lesson in your wealth-building education.

The wealthy aren't born different - they just think different, and now you know their secrets too!

Keep zoooming 🚀🍧

Yours 'helping you build a biz with almost zero-risk' vijay peduru 🦸‍♂️