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Old 29.08.2019, 22:56
Join Date: May 2012
Location: near Birmensdorf ZH, in AG
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Re: Rich dad poor dad?

I'm reading this book now (RDPD), 2017 edition (20th anniversary) with study notes.

It's all about minding your own business, generating passive income by using assets. Here's what he says assets are:

Businesses that do not require the owner's presence; they are run and managed by others



Income-generating real estate

Royalties from intellectual properties

Anything else that has value, produces income or appreciates and has a ready market

The new tendencies are to replace human with robots to perform certain jobs. So having a personal business will be a great help when these changes will come. R.K. says you don't need to necessary stop your current job cause quitting a job to focus on founding your business is not for everyone. You could both keep your current job and invest in something that will generate income without you constantly working for it.

So many start businesses on online websites, write e-books, produce videos etc, which can turn into passive income.
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