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4 Crucial Life Lessons Rich Dad, Poor Dad Taught Me

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Rich Dad, Poor Dad is a must-read book for anyone wanting to create not only wealth for themselves, but wealth for their family. Every point made in the book is a part of a bigger blueprint on attaining financial freedom within your lifetime. Here are 4 points we think everyone should take away from it.

1. Learning Money is Kid’s Stuff

Starting young is the point here. A lot of parents let their kids learn about life the hard way and aren’t actively teaching them the skills needed to excel in society. It’s easy to be like the typical person. That’s why they’re called typical! However, to excel and achieve not only financial freedom, but freedom in all aspects of life, it takes what I call “conscious parenting”. That’s something that the “rich dad” in the book did. He made sure to include valuable lessons in almost everything he did with his son. He never let a situation go by where he didn’t teach his son how to think for himself and uncover solutions.

Too many parents miss this important step. We need more people to understand that learning about the way the world works, how it rewards people, and how the financial system work will set your kids up for many generations to come. It just has to be incorporated into their life even in the simplest form such as the responsible use of a student debit card, starting at a young age!

2. Real Estate

This is one of the most powerful investment vehicles around. Rich Dad, Poor Dad talks a lot about his journey when it comes to achieving financial wealth. The main vehicle he used was real estate, whether it consisted of flipping houses, being the middleman, or holding rental properties. He goes deep into strategies we utilized towards the end of the book.

Once I purchased my first property, my cash flow increased and I instantly started building my net worth.

I’m not saying you have to make a career out of it, but it’s one the most common ways that generational wealth is created. A staggering 90% of millionaires are said to own some form of real estate. Real estate is something everyone should look into if they want to generate a massive income and net worth.

“If you want to be rich, you need to develop your vision. You must be standing on the edge of time gazing into the future.” – Robert Kiyosaki

3. Ask Ask Ask

Too many people fail to use their resources when trying to move up in the world. Just ask.

In the book, the author recalled a story that his “Rich Dad” told him about people not being interested in learning how to create wealth for themselves. His rich dad would always say that his employees had no issue asking him for a raise. However, they never thought to ask him how he built wealth and accumulated the success he did. They were happy with average lives and struggling.

When I first started my company, I was terrible at getting new clients. The only clients who came my way were businesses who were referred to me by current and past happy clients. I eventually thought to myself, there’s no reason I shouldn’t have a bigger clientele since I know so many extremely successful business owners. One day I simply asked each of my clients if they could think of anyone who needed my services. That same day, I gained multiple leads and a few of them happen to turn into monthly clients of mine!

The same lesson applies to seeking advice, like in Rich Dad, Poor Dad, just ask! Never assume people will automatically “hand” you something. Don’t be that person who doesn’t ask!

4. Bad Perspectives Matter

The premise of Rich Dad, Poor Dad is the lessons he learned from both of his dads. His rich dad had the better advice towards advancement, of course. However, he still took in advice from his poor dad, whether or not he followed it. I tell individuals all the time, perspectives matter! Hearing the opinions of individuals who have a different perspective on life, can teach you in two ways. 

It can help you become a more well-rounded person because you understand people better, those who do not align with your values. You also learn what you don’t want to do, which is just as important as learning what you should do in life to progress. Hearing a perspective you don’t agree with can’t hurt you if you’re aware it’s not the advice you seek. It’ll only help you learn and grow as a person.Perspectives matter.

It’s no secret Rich Dad, Poor Dad is a book that stood the test of time and will continue to educate and motivate generations to come. While the points mentioned above only scratch the surface of the abundance of knowledge that was shared in the book, these are some of the most vital points that can change the trajectory of your life. Make the most of them and I’m positive you’ll see drastic changes in your life for the better!

Brianna Bussell is the CEO of WebInsightCo.com, a marketing and web development company. She started her business in college, and began writing for many reputable entrepreneurs after publishing her own E-book "Creating Value in The Workplace". She also enjoys coaching millennials on how to become successful.

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Life

How Learning the Skill of Hope Can Change Everything

Hope isn’t wishful thinking. It’s a state of being and a skill that has profound evidence of helping people achieve success in life

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Hope as a skill
Image Credit: Midjourney

Hope isn’t wishful thinking. It’s a state of being and a skill that has profound evidence of helping people achieve success in life.

Wishful thinking, on the other hand, is like having dreams in the sky without a ladder to climb, having a destination without a map, or trying to operate a jet-engine airplane without instructions. It sounds nice but is impossible to realize. You don’t have what you need to make it happen!

What Real Hope Is

Real hope is actionable, practical, and realistic. Better yet, it’s feasible and can be learned.

One popular approach is Hope Theory. This concept is used by colleges to study how hope impacts students’ academic performance. Researchers found that students with high levels of hope achieve better grades and are more likely to graduate compared to those with less hope.

Hope can be broken down into two components:

  1. Pathways – The “how to” of hope. This is where people think of and establish plans for achieving their goals.
  2. Agency – The “I can” of hope. This is the belief that the person can accomplish their goals.

Does Hope Really Work?

According to Webster’s Dictionary, hope as a noun is defined as: “desire accompanied by expectation of or belief in fulfillment.”

As humans, we are wired to crave fulfillment. We have the ability to envision it and, through hope, make it a reality.

My Experience with Hope

For 13 years, I was a hopeless human. During my time working at a luxury hotel as a front desk agent earning $11.42 per hour, I felt the sting of hopelessness the most.

The regret of feeling my time was being stolen from me lingered every time I clocked in. Eventually, I decided to do something about it.

I gave myself permission to hope for something better. I began establishing pathways to success and regained agency by learning from self-help books and seeking mentorship.

Because I took action toward something I desired, I now feel more hope and joy than I ever felt hopelessness. Hope changed me.

Hope Actually Improves Your Life

Wishful thinking doesn’t work, and false hope is equally ineffective. Real hope, however, is directly tied to success in all areas of life.

Studies show that hopeful people tend to:

  • Demonstrate better problem-solving skills
  • Cultivate healthier relationships
  • Maintain stronger motivation to achieve goals
  • Exhibit better work ethic
  • Have a positive outlook on life

These benefits can impact work life, family life, habit-building, mental health, physical health, and spiritual practice. Imagine how much better your life could be by applying real hope to all these areas.

How to Develop the Skill to Hope

As acclaimed French writer Jean Giono wrote in The Man Who Planted Trees:
“There are also times in life when a person has to rush off in pursuit of hopefulness.”

If you are at one of those times, here are ways to develop the skill to hope:

1. Dream Again

To cultivate hope, you need to believe in its possibility. Start by:

  • Reflecting on what you’re passionate about, your values, and what you want to achieve.
  • Writing your dreams down, sharing them with someone encouraging, or saying them out loud.
  • Creating a vision board to make your dreams feel more tangible.

Dreams are the foundation of hope—they give you something meaningful to aspire toward.

2. Create an Environment of Hope

  • Set Goals: Write down your goals and create a plan to achieve them.
  • Visualize Success: Use inspirational quotes, photos, or tools like dumbbells or canvases to remind yourself of your goals.
  • Build a Resource Library: Collect books, eBooks, or audiobooks about hope and success to inspire you.

An environment that fosters hope will keep you motivated, resilient, and focused.

3. Face the Challenges

Don’t avoid challenges—overcoming them builds confidence. Participating in challenging activities, like strategic games, can enhance your problem-solving skills and reinforce hope.

4. Commit to Wisdom

Seek wisdom from those who have achieved what you aspire to. Whether through books, blogs, or social media platforms, learn from their journeys. Wisdom provides the foundation for real, actionable hope.

5. Take Note of Small Wins

Reflecting on past victories can fuel your hope for the future. Ask yourself:

  • What challenges have I already overcome?
  • How did I feel when I succeeded?

By remembering those feelings of happiness, relief, or satisfaction, your brain will naturally adopt a more hopeful mindset.

Conclusion

Hope is more than wishful thinking—it’s a powerful skill that can transform your life. By dreaming again, creating a hopeful environment, facing challenges, seeking wisdom, and celebrating small wins, you can develop the real hope necessary for success in all aspects of life.

Let hope guide you toward a brighter, more fulfilling future.

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Life

The 5 Stages of a Quarter-Life Crisis & What You Can Do

A quarter-life crisis isn’t a sign you’ve lost your way; it’s a sign you’re fighting for a life that’s truly yours.

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what is a quarter life crisis
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The quarter-life crisis is a well-defined set of stages—Trapped, Checking Out, Separation, Exploration, Rebuilding—one goes through in breaking free from feelings of meaninglessness, lack of fulfillment, and misalignment with purpose. I detail the stages and interweave my story below. (more…)

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Life

Here’s The Thing About Learning, Unlearning, and Relearning

Stop hoarding and start sharing your knowledge and wealth for the benefit of humankind

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sharing your knowledge
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Few people have the habit of hoarding their wealth without spending.  However, it limits their motivation as they tend to get into their comfort zones.  When people start spending money, then there will be depletion in their coffers. (more…)

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Life

3 Steps That’ll Help You Take Back Control of Your Life Immediately

The key to finding “enough” is recognizing that the root of the problem is a question of self-esteem and deservedness

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How to build self worth
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“It’s never enough.” (more…)

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