I didn't have much feeling when I read the book 'Rich Dad Poor Dad' before, because I've never been rich and can't appreciate the financial principles mentioned by the rich dad. But there's one thing that I agreed with when I was 20 years old, that is, the rich never consider properties like houses and cars as their assets, but stocks, bonds, cash, etc. Therefore, even though I bought my first house in 2012 with full payment, I felt very poor for many consecutive years, hustling around for a living. It wasn't until I had more than 10 million in cash that I truly understood the financial principles mentioned by the rich dad, that stabilizing and continuously rising assets is the focus of life. It makes us realize that our knowledge reserve is far from enough as we become wealthier, and it motivates us to continuously learn more about finance and investment knowledge.
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I didn't have much feeling when I read the book 'Rich Dad Poor Dad' before, because I've never been rich and can't appreciate the financial principles mentioned by the rich dad. But there's one thing that I agreed with when I was 20 years old, that is, the rich never consider properties like houses and cars as their assets, but stocks, bonds, cash, etc. Therefore, even though I bought my first house in 2012 with full payment, I felt very poor for many consecutive years, hustling around for a living. It wasn't until I had more than 10 million in cash that I truly understood the financial principles mentioned by the rich dad, that stabilizing and continuously rising assets is the focus of life. It makes us realize that our knowledge reserve is far from enough as we become wealthier, and it motivates us to continuously learn more about finance and investment knowledge.