We're guessing with the enormous success of "Rich Dad" that you feel
pretty financially secure. But what habits should everyone, from the
most cash-strapped to the comfortable, get into in order to become or
remain financially solvent?
The first step is to increase your financial intelligence through
financial education. Read books, attend seminars, and build a network of
smart financial friends and advisors. Once you understand how money
works and how you can make it work for you, you're well ahead of the
majority of people.
On a very practical level, don't go into bad debt trying to live a
lifestyle that you can't afford. Lots of people buy things like
televisions, cars, clothes and vacations on credit, convincing
themselves that they need these things. But those items are liabilities.
They take money out of your pocket and don't put any money in. Instead,
put financial education into action and start with small investments in
assets that produce cash flow each month and build up your investments
until the cash flow allows you to enjoy life's luxuries. - in mint.com
Rich Dad Poor Dad is the story of Robert Kiyosaki 's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.