Rich Dad Poor Dad Summary 

Very brief.

-A THREAD-

1. The rich acquire assets, the poor acquire liabilities.

> know the difference between an asset and a liability.

> assets produce passive income: businesses that don't require your presence, stocks, bonds, mutual funds, income-generating real estate, royalties.

2. Liabilities bring debt.

> liabilities: mortgages, taxes, loans, the house etc.

> general population has 2 emotions: fear (earning money to pay bills) and greed (endless desire for joy).

3. For poor, your profession is your income; for rich, your assets is your income.

> invest and minimize your liabilities.

If you would stop working today, how long can you survive?