Quicklet on Rich Dad, Poor Dad by Robert Kiyosaki

wait until your assets have yielded enough money to buy that Mercedes or new boat you’ve been eyeing.

what's in your head that determines what is in your hands

how much money you make, but how much you keep

Rat Race – The term for the financial situation of the masses. It describes a cycle in which a child excels in school, gets into a “good” college and earns a degree. As an adult, they find a secure, well-paying job with benefits and begin to save money. They get married, buy a house, have children, acquire debt and have increased expenses. They work hard for promotions and save for retirement, but as their income increases, their debts and expenses increase as well.

He explains that most people believe a higher income will make them rich, but in reality, a strong asset column will. Higher incomes often lead to higher expenses, higher taxes, and more debt.

The rich don’t work for money
Financial literacy is key
Own businesses, rather than work at them
Understand taxes and the power of corporations
The rich invent money
Work to learn rather than work for money

Kiyosaki lists a number of assets that can help your “business” grow: businesses that you own, but do not work at; stocks, bonds, mutual funds, real estate, notes (IOUs), and royalties.