← Rich Dad Poor Dad

Afterpage · week card

Rich Dad Poor Dad

Robert T. Kiyosaki

Key ideas

  1. Know an asset from a liability.
  2. Watch your cash flow.
  3. Your house may not be an asset.
  4. Mind your own business.
  5. Work to learn, not just to earn.

The week

Day 1Read the summary. Five key ideas and where the book overreaches.
Day 2Sort what you own into two columns. List the main things you own or pay for and mark each one as an asset or a liability by Kiyosaki's definition.
Bad day: Write down one thing you own and whether it puts money in or takes money out each month.
Day 3Draw your cash flow. Sketch where last month's money came from and where it went, using Kiyosaki's simple flow of income, expenses, assets and liabilities.
Bad day: Write last month's income and total spending side by side on a sticky note.
Day 4Pay yourself first, once. Move a small amount into savings or an investment account before you pay any bill this week.
Bad day: Open your banking app and set up the transfer screen for a small amount.
Day 5List skills worth learning. Write down two skills that would make you more valuable at work or in a side project, and one way to learn each.
Bad day: Write one skill you'd like to learn and one place you could practice it.
Day 6Ask someone how they built assets. Have a short conversation with someone you know who owns a business, rental or other income-producing asset.
Bad day: Send one person a message asking how they got their first income-producing asset.
Day 7Set a monthly asset check. Put a monthly reminder in your calendar to review your two columns and your cash flow.
Bad day: Create a repeating monthly reminder titled “Asset check.”

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