{"id":5815,"date":"2016-09-24T20:30:54","date_gmt":"2016-09-24T20:30:54","guid":{"rendered":"http:\/\/blackbeltwhitehat.com\/?p=5815"},"modified":"2016-09-24T20:30:54","modified_gmt":"2016-09-24T20:30:54","slug":"rich-dad-poor-dad-book-summary","status":"publish","type":"post","link":"https:\/\/blackbeltwhitehat.com\/en\/2016\/09\/24\/rich-dad-poor-dad-book-summary\/","title":{"rendered":"Rich Dad, Poor Dad &#8211; Book Summary"},"content":{"rendered":"<p><span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><iframe loading=\"lazy\" class=\"youtube-player\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/dQnZO8-s8T0?version=3&#038;rel=1&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;fs=1&#038;hl=en-GB&#038;autohide=2&#038;wmode=transparent\" allowfullscreen=\"true\" style=\"border:0;\" sandbox=\"allow-scripts allow-same-origin allow-popups allow-presentation allow-popups-to-escape-sandbox\"><\/iframe><\/span><\/p>\n<p>&nbsp;<\/p>\n<p>Bloke from Hawaii (Robert Kiyosaki)has 2 dads &#8211;<\/p>\n<p>1 Biological dad who is a Doctor (and relatively poor) and a step dad who has little education, but become rich.<\/p>\n<p><strong>Assets<\/strong> &#8211; Anything that puts money in your pocket &#8211; stocks, bonds, real estate<\/p>\n<p><strong>Liabilities<\/strong> &#8211; Anything that takes money from your pocket. \u00a0E.g. cars, the house you live in.<\/p>\n<p><strong>The poor only have liabilities and expenses.<\/strong><\/p>\n<p>The middle (relatively poor workforce) only have liabilities. \u00a0E.g. the iPhone<\/p>\n<p><strong>Buy assets with your money.<\/strong><\/p>\n<p>Ideally &#8211; <strong>set up a successful business, buy assets, and offset them as expenses for your business so that you pay less tax<\/strong><\/p>\n<p>You normally get taxed when you earn, taxed when you spend and taxed when you die. Avoid this by investing wisely in assets.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Bloke from Hawaii (Robert Kiyosaki)has 2 dads &#8211; 1 Biological dad who is a Doctor (and relatively poor) and a step dad who has little education, but become rich. Assets &#8211; Anything that puts money in your pocket &#8211; stocks, bonds, real estate Liabilities &#8211; Anything that takes money from your pocket. \u00a0E.g. cars, [&hellip;]<\/p>\n","protected":false},"author":41980142,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[178,1],"tags":[240660,435431,435430],"class_list":["post-5815","post","type-post","status-publish","format-standard","hentry","category-books","category-uncategorized","tag-book-summary","tag-rich-dad-poor-dad","tag-robert-kiyosaki"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Rich Dad, Poor Dad - Book Summary - Fitness &amp; MMA Blog - BlackBeltWhiteHat.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blackbeltwhitehat.com\/en\/2016\/09\/24\/rich-dad-poor-dad-book-summary\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rich Dad, Poor Dad - Book Summary - Fitness &amp; MMA Blog - BlackBeltWhiteHat.com\" \/>\n<meta property=\"og:description\" content=\"&nbsp; Bloke from Hawaii (Robert Kiyosaki)has 2 dads &#8211; 1 Biological dad who is a Doctor (and relatively poor) and a step dad who has little education, but become rich. 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Assets &#8211; Anything that puts money in your pocket &#8211; stocks, bonds, real estate Liabilities &#8211; Anything that takes money from your pocket. \u00a0E.g. cars, [&hellip;]","og_url":"https:\/\/blackbeltwhitehat.com\/en\/2016\/09\/24\/rich-dad-poor-dad-book-summary\/","og_site_name":"Fitness &amp; MMA Blog - BlackBeltWhiteHat.com","article_publisher":"https:\/\/www.facebook.com\/BlackBeltWhiteHat\/","article_published_time":"2016-09-24T20:30:54+00:00","author":"Dave","twitter_card":"summary_large_image","twitter_creator":"@MMATraining1980","twitter_site":"@MMATraining1980","twitter_misc":{"Written by":"Dave","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/blackbeltwhitehat.com\/2016\/09\/24\/rich-dad-poor-dad-book-summary\/#article","isPartOf":{"@id":"https:\/\/blackbeltwhitehat.com\/2016\/09\/24\/rich-dad-poor-dad-book-summary\/"},"author":{"name":"Dave","@id":"https:\/\/blackbeltwhitehat.com\/en\/#\/schema\/person\/f009f75d478333ab9af4d98d1c2d03bd"},"headline":"Rich Dad, Poor Dad &#8211; 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