Chapter 11: Rich Dad, Poor Dad

In tonight's wealth class, I'm going to tell a story that has changed the lives of tens of millions of people today. It's a book called Rich Dad Poor Dad, and it helped me find my own light in the midst of the chaos of my life

The book tells us that Kiyosaki has two fathers: Poor Dad is his real father, a higher education official; and Rich Dad is the father of his best friend, a guy who didn't graduate from high school but is good at investing and money. Management: Kiyosaki's personal story of wealth shows that "poor dads" and "rich dads" have a very different view of money and wealth, with the poor working for money and the rich making money work for them!👊👊

This book focuses on three main points:*

*Point 1: Your attitude towards money determines whether you are poor or rich*

*Point 2: How to develop financial intelligence and make money work for you*

*Point 3: Self-development*

[9/3, 9:08 PM] +63 906 008 0805: *At the beginning of the book, author Kiyosaki tells the story of his "poor dad" and "rich dad". The poor father in the book is the author's real father, who graduated from a prestigious school. He holds a doctorate and was later recognized by the system as a diligent civil servant. In most people's view, he is also considered middle class, but his father's concept is still very traditional.

But middle class families like poor dads, with stable careers, good incomes, generous benefits, and often the usual expenses and debts, don't have the savings or assets to leave to their kids, so they're still inherently on the higher end of the spectrum. Enter the proletariat.

More than the poor dads, rich dads, and wealthy dads in the book, he is the dad of the author's friend. Although he didn't finish middle school, with his business acumen he became the richest man in Hawaii. Tens of millions of assets in pedigree and charitable donations. Although Rich Dad was not Kiyosaki's biological father, he played the role of a mentor and had a great influence on his life. Since then, Kiyosaki has gotten his business and investment activities from Rich Dad, including this book💪💪

So why is it that people who become civil servants have poor parents, while he became a "rich father" without finishing junior high school? Then Kiyosaki compares the different attitudes of the poor and the rich towards money.

A poor father who loathes and fears money, believing that "greed for money is the root of all evil"; a rich father who hates poverty, believing that "poverty is the root of all evil".🙏

Poor fathers, when they run out of money, they admit defeat and go along with it; rich fathers think about how to make money and solve problems

Poor fathers study hard and work hard; rich fathers study so that others will work for him. Poor fathers are afraid to take risks; rich fathers manage risks

Poor dads believe in welfare; rich dads believe in being financially self-reliant*

*Poor dads work hard to save money. Rich Dad continues to invest*

The poor father is "ignorant, fearful and greedy" about money, but has to work for money and livelihood; the rich father is more rational and calm about money, he believes in the power of money, knows how to use money, and finally finds his own way to make money!💰💰

Our choices and behaviors in life are a result of our beliefs and convictions, so different financial values and expectations lead to different lifestyles.

🌈In Rich Dad Poor Dad, the priority is to "increase assets" and "reduce debt". The book mentions three typical ways of "asset enhancement": starting a business, entrepreneurship and investing

Why accumulate assets? Assets can generate income for you when you are not working

Remember the phrase, why do assets accumulate? Assets can generate income for you when you are not working

When the middle class leverages up to buy "debt", most rich people do not rush to buy luxury goods first, but first choose to invest to expand their assets and develop their "business"🤝

To make money from your professional business you have to work for pay all the time and when the work stops the income is gone. In Europe, America, Japan and other countries, it is common to see many elderly people in their 70s still working in supermarkets and restaurants to earn money, which is sad, but if they don't continue to work and don't have children to support them, there will be no money to pay for their expenses. Even gold-collar executives, who are the envy of many, can still earn a substantial income from their salaries. If they do not manage their money and invest it properly to accumulate certain assets, their income will drop drastically when they retire or are laid off, making it difficult for them to maintain their original income and living standard🤑🤑

I have examples of this all around me. And work is your asset, the machine that makes money for you, choose the right way to invest, make money off of money, break through the limitations of time and manpower, and the return on your assets and capital will make you materially free and free from dependence on the dilemma about work and paychecks

As a result, the middle class, from teachers and doctors to CEOs of high-income corporations, is becoming the biggest taxpayer. The rich have a lot of money, but they can legally pay less tax, tax free, by applying their legal and financial knowledge fairly and honestly💰

Even Warren Buffett is excited to say that his tax rate is lower than his secretary's! By earning more and paying less taxes, you will naturally have more and more wealth in your pocket. To summarize: financial freedom is when your assets generate more cash flow than you spend, and you don't need to work for money

It is an honor to share with you the great cause of SKP.What has SKP brought to us? I think everyone has a different answer in their mind. You have helped our families through difficult times, given us the opportunity to witness greatness, brought more members together, and with SKP, brought us all together. Full of confidence in the future

There are about 4 main ways to make money in SKP

1: Renting equipment to make money, everyone can rent more than one device at the same time, such as M1+M2+M3+M4, so that you can earn up to $8.2 a day.

2: Invite members to get bonus code, invite new users to rent M1.M2,M3 any machine, you will get $2 invitation bonus, invite new users to rent $80 equipment, will get $4 invitation bonus

3: Team earnings: in the daily work, you can receive 10% of the income of the first-level team members, 4% of the income of the second-level team members, and 2% of the income of the third-level team members team members. Of course, this does not affect the daily income of team members.

4: Weekly Team Pay: When your team reaches level 30 or higher, you will be eligible to receive a weekly paycheck in the future, paid by your advisor on your behalf!

A gentle reminder that tomorrow is our weekly payday, if your team is a few people short of 30 you can make invitations today and tomorrow as soon as possible, when you reach 30 you can contact your consultant at 8pm tomorrow to receive your weekly paycheck!🥳🥳

In addition, congratulations to SKPMINE has been successfully uplinked, the platform's technical department and various exchanges have completed the docking, and the SKPMINE platform will soon be uploaded to the USDT payment and withdrawal channels on Monday.❤️❤️

https://tronscan.org/ SKPMINE is building automated protocols for market trading on the TRON blockchain, available through the official Wave Factory website by searching for SKPOOLS

Tonight's wealth chapter comes to an end, I hope to see today's chapter of friends inspired, poor dad rich dad changed the lives of millions of people, I hope that today's story can change the lives of more group of friends, destiny, mentality, in the future of your children and your parents, what kind of life do you want them to live, decide to choose to work hard for you.💪💪💪