Car loans, boats, and even expensive homes can drain your ability to purchase cashflow producing assets. You cannot build your asset column though if you are spending money frivolously on liabilities. Real estate is probably the simplest to understand and the one I am most interested in, which is why many of my examples will involve real estate.

For example, many people believe their house is their biggest asset, but Kiyosaki argues that your home is simply a liability as you gain no cashflow from owning your home (there are obviously caveats to this sentiment).īusinesses that produce cashflow, investment properties, and other cashflow producing assets are what you are looking for here. You do this by acquiring assets that produce cashflow. What does this mean exactly? Well, as Kiyosaki details, the secret to becoming rich is to make your money work for you. The first major take away of Rich Dad Poor Dad is to build your asset column. These are in no particular order so just because one takeaway comes before another does not make it anymore important than the others. Instead of rehashing things you could read elsewhere, I've decided to take the most important lessons I learned from my reading of the book and detail them. With that being said, this book review will be a little different because there are already hundreds if not thousands of summaries and reviews of this book. Many of you are probably already familiar with Robert Kiyosaki's tome, Rich Dad Poor Dad as it is the best selling personal finance book in the history of the world.

Kiyosaki cashflow technologies review