Lessons From Rich Dad Poor Dad

Jan Jones
November 11, 2023

Part 3:   Ten Stepsto Getting Started

Robert T. Kiyosaki ends his book, Rich Dad Poor Dad, with a list of tensteps that he follows and have served him well on his road to financial wealth.

Many of these steps are taught in our course Cultivating LeadershipSuperpowers and are wisdom for all leaders.

Today we will focus on these ten steps that Kiyosaki says will awakenyour inner financial genius and get you started on your own path to wealth.


Kiyosaki’s Ten steps to awaken your financial genius:

1.    Have a reasongreater than reality

·        Your passion will carry you through

·        Know what you want and what you do not want in your life

·        Have a vision and create it


2.    Choose Daily

·        Spending habits reflect who you are and are a daily choice

·        Keep your goals in front of you so decision making iseasier

·        Invest in learning – learn something every day and neverstop


3.    Choose friendscarefully

·        The power of association is great

·        Consciously make effort to learn from them

·        You must be willing to go against the crowd sometimes


4.    Master a formulaand then learn a new one

·        Learn to learn fast – things change quickly now

·        You become what you study

·        Never stop learning

·        Start with classes on financial planning and buyingtraditional investments. Sales and marketing classes will always benefit you


5.    Pay yourself first

·        This is the most difficult step

·         Lack of personalself-discipline is the #1 factor between the rich and less rich

·        People who have low self-esteem and low tolerance forfinancial pressure can NEVER be rich

·         Don’t dip into yoursavings


6.    Pay your brokerswell

·        Knowledgeable and skilled investors are worth their pay

·        They save you time and money – they are your eyes and earsto the market


7.    Know how fast youwill get your investment back

·        Always ask this upfront

·        He demands that something be thrown in for free


8.    Assets buyluxuries

·        Do not buy it if passive income from assets is not payingfor it

·        Do not buy luxuries on credit or out of savings

·        Often when the monthly payment comes, so does resentment orremorse and takes away the joy of the luxury

·        Learn to wait and do without – this is difficult when yourfriends are living their life differently, but it is the wise thing to do


9.    The need forheroes

·        Find heroes that are doing the things you wish to do, andmaking it look easy

·        Read about them, follow them, learn from them, study theirformulas

10.Teach and Give and you shall receive

·        Be generous – with your time, money, and knowledge

·        Give and you shall receive, it is more blessed to give

·        His rich dad was extremely generous with all things, hispoor dad was generous with all but money because he felt he did not have enoughto give…he “would someday”, which never came


This concludes our study of the book Rich Dad Poor Dad.  Reread these ten steps often and evaluateyour progress with each one. Remember, never stop learning!

-Jan Jones

For more inspiration on financial wisdom, watch this video!