Rich Dad Poor Dad – Day Seven

The second half of Rich Dad Poor Dad was definitely more geared towards mindset.

Chapter 6

Lesson 6: Work to Learn – Don’t Work for Money

“Job security meant everything to my educated dad. Learning meant everything to my rich dad.”

Robert went out of his way, at different parts of his life, to seek opportunities in hopes of acquiring a very specific skill. He was in the marines and his rich dad told him to take that as an opportunity to think/investigate international trade. At the same time he studied the different cultures in Asia where he thought there would be great opportunity. After realizing he needed working on his selling skills he sought out good sales programs, which brought him to the Xerox company.

Learning over Earning

It’s uncomfortable for most to turn down more money and stability for a more turbulent, lower paying, path in the short term. Robert really believes though most people are one skill away from really being great. He is an advocate for the generalist over the specialist as he states, “The more specialized you are the more you are trapped and dependent on that specialty.”

Main Management skills needed for succcess are:

  1. Management of cash flow
  2. Management of systems
  3. Management of people

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