A sequel to the original 'Rich Dad Poor Dad', published in response to the enthusiastic response from readers worldwide and their requests for more specific advice.
Now that you've broken free from your fixed ideas about money, it's time to start managing your money wisely.
If you want to fit into one of the four categories you want to be in: salaried workers, self-employed workers, entrepreneurs, and investors, then read this book with determination.
If you know how to take care of your money and manage it, money will come to you on its own.

These are the people who often say things like this.
'Investing is risky' is true for them.
But that's not because investing is risky.
The danger is that they lack formal economic training and knowledge.

--- p.310

Life is more important than money.
But money is important for sustaining life.
People learn to read and write, drive and use computers, but they don't learn to manage money.
But that is what is truly dangerous.
Life is more important than money.
But money is important for sustaining life.
People learn to read and write, drive and use computers, but they don't learn to manage money.
But that is what is truly dangerous.

--- From the text

People invest 95% with their eyes and only 5% with their head.
After looking at real estate or stocks, people often make decisions based on superficial observations, what brokers say, or what colleagues tell them.
They often buy emotionally rather than rationally.
Investing is not risky.
Rather, it is dangerous not to learn.
People who are afraid of losing do the same thing their whole lives.
People who try to stay in a loveless marriage, people who continue to cling to a job with no hope, people who continue to live in a town with no future, people who continue to be friends with people who drag them down. People invest 95% with their eyes and only 5% with their heads.
After looking at real estate or stocks, people often make decisions based on superficial observations, what brokers say, or what colleagues tell them.
They often buy emotionally rather than rationally.
Investing is not risky.
Rather, it is dangerous not to learn.
People who are afraid of losing do the same thing their whole lives.
People who try to stay in loveless marriages, people who stick to hopeless jobs, people who live in towns with no future, people who keep being friends with people who drag them down.

--- pp.155,241,242

Rich dad smiled, stood up, and shook my hand.
'I'm glad you did,' said rich dad. 'Most people only think and don't act.
When you do something, you make mistakes.
And we learn most from our mistakes.
Remember that what is truly important cannot be learned in the classroom.
You can only learn by doing, making mistakes, and then improving.
That's when you gain wisdom.' I felt a little better.
And now I was ready to learn.
Rich dad smiled, stood up, and shook my hand.
'I'm glad you did,' said rich dad. 'Most people only think and don't act.
When you do something, you make mistakes.
And we learn most from our mistakes.
Remember that what is truly important cannot be learned in the classroom.
You can only learn by doing, making mistakes, and then improving.
That's when you gain wisdom.' I felt a little better.
And now I was ready to learn.

--- p.157-158

Rich dad helped me learn how to deal with deep emotional disappointments.
He often said this:
“The reason there are so few self-made millionaires is because so few people can withstand disappointment.
They don't learn to face disappointment, but instead live by avoiding it.” But it wasn't the idea that didn't work.
Rather, disappointment frustrated them.
They were disappointed because of their lack of patience, and because of that disappointment they were defeated.
In many cases, this lack of patience arises because they do not receive immediate financial rewards.
Rich dad helped me learn how to deal with deep emotional disappointments.
He often said this:
“The reason there are so few self-made millionaires is because so few people can withstand disappointment.
They don't learn to face disappointment, but instead live by avoiding it.” But it wasn't the idea that didn't work.
Rather, disappointment frustrated them.
They were disappointed because of their lack of patience, and because of that disappointment they were defeated.
In many cases, this lack of patience arises because they do not receive immediate financial rewards.

--- p.338-339

The definition of wealth is:
The number of days we can live without physically working (or without anyone in our family physically working) and still maintain a good quality of life.
For example, let's say your monthly expenses are $1,000.
And let's say you have $3,000 in savings.
Then your wealth will be approximately 3 months or 90 days.
Wealth is measured in time, not money.
By 1994, my wife and I were on the path to becoming wealthy (barring some extraordinary economic upheaval).
Because now the income from investments is greater than the monthly expenses.
The definition of wealth is:
The number of days we can live without physically working (or without anyone in our family physically working) and still maintain a good quality of life.
For example, let's say your monthly expenses are $1,000.
And let's say you have $3,000 in savings.
Then your wealth will be approximately 3 months or 90 days.
Wealth is measured in time, not money.
By 1994, my wife and I were on the path to becoming wealthy (barring some extraordinary economic upheaval).
Because now the income from investments is greater than the monthly expenses.

--- p.64-65

A millionaire who made millions of dollars paid no taxes? Earlier this year, I interviewed a newspaper reporter.
During the interview, he asked me how much money I made last year.
I answered like this.
“You made about a million dollars.” “So how much tax did you pay?” the reporter asked.
'I barely paid,' I said.
'That money is capital gains, and I can defer those taxes forever.
I sold three properties and used Section 1031 of the US tax code to exchange them.
He couldn't even touch the money.
I reinvested it in a much larger property.' A few days later, the newspaper published this article:

A millionaire who made millions of dollars paid no taxes? Earlier this year, I interviewed a newspaper reporter.
During the interview, he asked me how much money I made last year.
I answered like this.
“You made about a million dollars.” “So how much tax did you pay?” the reporter asked.
'I barely paid,' I said.
'That money is capital gains, and I can defer those taxes forever.
I sold three properties and used Section 1031 of the US tax code to exchange them.
He couldn't even touch the money.
I reinvested it in a much larger property.' A few days later, the newspaper published this article:

--- p.98

You must walk before you can run.
That is, you should start with baby steps, then run.
This is the path I recommend.
If you don't like this path, you can do what millions of people who want to get rich quick and easy do.
That means buying a lottery ticket.
Who knows? It might just be a huge hit.
You must walk before you can run.
That is, you should start with baby steps, then run.
This is the path I recommend.
If you don't like this path, you can do what millions of people who want to get rich quick and easy do.
That means buying a lottery ticket.
Who knows? It might just be a huge hit.

--- p.275

As for the fear of losing money, professional investors are those who minimize the risk of losing their money while still earning high returns.
On the other hand, people who don't know much about investing take on a lot of risk and only make little profit.
From my perspective, all the risks are on the left side of the quadrant. Regarding the fear of losing money, professional investors are those who minimize the risk of losing their money while still making high returns.
On the other hand, people who don't know much about investing take on a lot of risk and only make a little profit.
From my perspective, all the risks are on the left side of the quadrant.

209P

Money is just an idea.
If you want more money, you must first change your thinking.
Every self-made man started with a small idea and turned it into something big.
The same goes for investing.
You can start with just a few dollars and make it into something big.

Education and wisdom about money are important.
Start early.
Buy the book.
Go to the lecture.
Put it into practice.
And start small.
It took me less than six years to grow $5,000 in cash into a million dollar asset and generate $5,000 in monthly cash flow.
But I started studying when I was young.
I started studying when I was young.
I encourage you to learn and study too.
It's not that difficult.
In fact, it can be said to be easy once you taste it.
Money is just an idea.
If you want more money, you must first change your thinking.
Every self-made man started with a small idea and turned it into something big.
The same goes for investing.
You can start with just a few dollars and make it into something big.

Education and wisdom about money are important.
Start early.
Buy the book.
Go to the lecture.
Put it into practice.
And start small.
It took me less than six years to grow $5,000 in cash into a million dollar asset and generate $5,000 in monthly cash flow.
But I started studying when I was young.
I started studying when I was young.
I encourage you to learn and study too.
It's not that difficult.
In fact, it can be said to be easy once you taste it.

--- p.280

Most of us have the potential to succeed in all quadrants.
It all depends on our willpower to succeed.
Rich dad said this.
Passion creates business.
Fear doesn't build businesses'

The problems with changing quadrants often stem from the training we've received.
We grow up in homes that use fear as a primary motivator to make us think and act in certain ways.
For example, I grew up hearing things like, "Did you do your homework? If you don't, you'll fail school and your friends will tease you," "If you keep frowning, your face will turn into that frown," and "If you don't get good grades, you won't get a good, safe, and stable job."

Well, many people today have good grades, but now there are fewer and fewer good, safe, and stable jobs.
So many people (even those with good grades) need to start their own businesses and get out of the habit of looking for jobs that protect other people's businesses.
Most of us have the potential to succeed in all quadrants.
It all depends on our willpower to succeed.
Rich dad said this.
Passion creates business.
Fear doesn't build businesses'

The problems with changing quadrants often stem from the training we've received.
We grow up in homes that use fear as a primary motivator to make us think and act in certain ways.
For example, I grew up hearing things like, "Did you do your homework? If you don't, you'll fail school and your friends will tease you," "If you keep frowning, your face will turn into that frown," and "If you don't get good grades, you won't get a good, safe, and stable job."

Well, many people today have good grades, but now there are fewer and fewer good, safe, and stable jobs.
So many people (even those with good grades) need to start their own businesses and get out of the habit of looking for jobs that protect other people's businesses.

--- pp.
207-208

You may not be good at everything, but if you take the time to learn and develop what you need to learn, your world will change quickly.
Never run away from what you know you need to learn. Challenge your fears and doubts.
Then new worlds will open up to you.
You may not be good at everything, but if you take the time to learn and develop what you need to learn, your world will change quickly.
Never run away from what you know you need to learn. Challenge your fears and doubts.
Then new worlds will open up to you.

--- p.353

When on earth will you become an adult? One way to tell if you are thinking emotionally rather than rationally is when you use the word -want in conversation.
For example, many people who are driven by emotions or feelings will say something like this:
I don't want to exercise.
But logically, they know they have to exercise.

I often meet young people who receive their college diplomas along with student loan statements.
If the people who paid for their education were their parents, then they would be trapped financially for several years.
Capitalists transform fear into new knowledge and new wealth.
For them, the game of life is a game of making money.
They love money-making games more than any other game.
Rather than golf, gardening, or just loafing around...

By becoming people with the skills and mindset that fall on the right side of the quadrant, we can properly recognize the opportunities that arise from such changes and ultimately achieve economic success through appropriate action.
When on earth will you become an adult? One way to tell if you are thinking emotionally rather than rationally is when you use the word -want in conversation.
For example, many people who are driven by emotions or feelings will say something like this:
I don't want to exercise.
But logically, they know they have to exercise.

I often meet young people who receive their college diplomas along with student loan statements.
If the people who paid for their education were their parents, then they would be trapped financially for several years.
Capitalists transform fear into new knowledge and new wealth.
For them, the game of life is a game of making money.
They love money-making games more than any other game.
Rather than golf, gardening, or just loafing around...

By becoming people with the skills and mindset that fall on the right side of the quadrant, we can properly recognize the opportunities that arise from such changes and ultimately achieve economic success through appropriate action.

--- p.227

Anyone can change. But changing quadrants isn't like changing jobs. Changing quadrants often involves changing who you are, how you think, and how you see the world at a core level.
Some people change more easily than others, and the reason is simple.
Because such people welcome change.
Others, on the other hand, resist change. And switching quadrants is often a life-changing experience.
It's a transformation as profound as the old story of a caterpillar turning into a butterfly. Not only do you change, but your friends change too.
Anyone can change. But changing quadrants isn't like changing jobs. Changing quadrants often involves changing who you are, how you think, and how you see the world at a core level.
Some people change more easily than others, and the reason is simple.
Because such people welcome change.
Others, on the other hand, resist change. And switching quadrants is often a life-changing experience.
It's a transformation as profound as the old story of a caterpillar turning into a butterfly. Not only do you change, but your friends change too.

--- p.43-44

'Your income is created when you live.
'It's never made when you sell.' Rich dad made it clear that whatever debt or risk he knew about, it had to have meaning from the day he bought it.
It had to make sense when the economy was bad, and it had to make sense when the economy was good.
---'If you take on risk and debt, you must be compensated.'

Think about it.
Think and Grow rich' -- To become rich, you need to have the necessary skills.
Think independently rather than following the crowd.
One great asset I see in rich people is that they think differently from other people.
'Your income is created when you live.
'It's never made when you sell.' Rich dad made it clear that whatever debt or risk he knew about, it had to have meaning from the day he bought it.
It had to make sense when the economy was bad, and it had to make sense when the economy was good.
---'If you take on risk and debt, you must be compensated.'

Think about it.
Think and Grow rich' -- To become rich, you need to have the necessary skills.
Think independently rather than following the crowd.
One great asset I see in rich people is that they think differently from other people.

--- p.180, p.217

All I can say is, believe that everything you need to be financially successful is within you right now.
All it takes to unleash your God-given talents is your desire, your willpower, and a deep belief that you possess unique genius and talent.
All I can say is, believe that everything you need to be financially successful is within you right now.
All it takes to unleash your God-given talents is your desire, your willpower, and a deep belief that you possess unique genius and talent.

--- p.346

One reason I learned so much from my rich dad is because he had so much free time to teach me.
The more successful he became, the more free time and money he had.
Even though business was doing well, he didn't have to work harder.
All he had to do was hire a professional manager to expand the system and hire more people to do the work.
If the investment results were good, he would reinvest it and make more money.


He spent more time with his son and me, explaining to us everything he did in his business and investments.
I learned more from him than I ever did in school.
If we work hard in the [B] group of businessmen and [I] group of investors on the right side of the quadrant, these are the results we get.

My real father, who was well-educated, also worked hard, but he worked hard on the left side of the quadrant.
As he worked hard, got promoted, and took on more responsibilities, he found himself with less and less free time to spend with his children.
He left for work at 7 a.m., and we often didn't see him.
Because my father came home after we went to bed.


This is what happens when we work hard and succeed in the left quadrant.
Success takes less and less time.
As a result, you may earn more money.
One reason I learned so much from my rich dad is because he had so much free time to teach me.
The more successful he became, the more free time and money he had.
Even though business was doing well, he didn't have to work harder.
All he had to do was hire a professional manager to expand the system and hire more people to do the work.
If the investment results were good, he would reinvest it and make more money.


He spent more time with his son and me, explaining to us everything he did in his business and investments.
I learned more from him than I ever did in school.
If we work hard in the [B] group of businessmen and [I] group of investors on the right side of the quadrant, these are the results we get.

My real father, who was well-educated, also worked hard, but he worked hard on the left side of the quadrant.
As he worked hard, got promoted, and took on more responsibilities, he found himself with less and less free time to spend with his children.
He left for work at 7 a.m., and we often didn't see him.
Because my father came home after we went to bed.


This is what happens when we work hard and succeed in the left quadrant.
Success takes less and less time.
As a result, you may earn more money.

--- p.88

I enrolled in a course on goal setting.
It was the mid-1970s, and I couldn't believe I was spending $150 and a beautiful Saturday and Sunday to learn goal setting.
I'd rather go surfing.
But I was paying someone to teach me goal setting.
I tried to get a refund several times.


But what I learned in that course helped me achieve what I wanted in life.
Then the instructor wrote three words on the board: BE-DO-HAVE (Be one person,
Do it.
) The instructor gave golf as an example.
Many people buy a new set of golf clubs in the hope that it will improve their game.
And they don't care about the attitude, mindset, or beliefs of professional golfers.
A crappy golfer will still be a crappy golfer even with a new set of clubs.


The instructor then talked about investing.
Many people think that buying stocks or mutual funds will make them rich quickly.
However, buying stocks, mutual funds, real estate, or bonds won't necessarily make you rich.
Following what professional investors do doesn't guarantee financial success.
People with a defeatist and negative mindset are always going to lose when it comes to investing in stocks, bonds, real estate, or mutual funds.
I enrolled in a course on goal setting.
It was the mid-1970s, and I couldn't believe I was spending $150 and a beautiful Saturday and Sunday to learn goal setting.
I'd rather go surfing.
But I was paying someone to teach me goal setting.
I tried to get a refund several times.


But what I learned in that course helped me achieve what I wanted in life.
Then the instructor wrote three words on the board: BE-DO-HAVE (Be one person,
Do it.
) The instructor gave golf as an example.
Many people buy a new set of golf clubs in the hope that it will improve their game.
And they don't care about the attitude, mindset, or beliefs of professional golfers.
A crappy golfer will still be a crappy golfer even with a new set of clubs.


The instructor then talked about investing.
Many people think that buying stocks or mutual funds will make them rich quickly.
However, buying stocks, mutual funds, real estate, or bonds won't necessarily make you rich.
Following what professional investors do doesn't guarantee financial success.
People with a defeatist and negative mindset are always going to lose when it comes to investing in stocks, bonds, real estate, or mutual funds.

--- pp.
218-219

"That's why nine out of ten investors never make money," said rich dad.
'That doesn't necessarily mean you lose money, but you don't necessarily make money either.
In other words, you can make money and lose money while making a profit.
This is because they invest with their eyes and emotions, not with their heads.
Many people invest because they want to get rich quickly.
So they don't become investors and end up becoming dreamers, fantasists, gamblers, or con artists.
There are so many people like that in the world.
Now, let's sit down and review this deal you just bought.
I'll teach you how to turn it into a winning trade.
I will teach you to see with your heart, with your mind, what you cannot see with your eyes.' 'That is why nine out of ten investors never make money,' said rich dad.
'That doesn't necessarily mean you lose money, but you don't necessarily make money either.
In other words, you can make money and lose money while making a profit.
This is because they invest with their eyes and emotions, not with their heads.
Many people invest because they want to get rich quickly.
So they don't become investors and end up becoming dreamers, fantasists, gamblers, or con artists.
There are so many people like that in the world.
Now, let's sit down and review this deal you just bought.
I'll teach you how to turn it into a winning trade.
I will teach you to see with your heart, with your mind, what you cannot see with your eyes.'

--- p.
158

Instead, I strongly recommend going forward.
Long-term financial success isn't measured by how big your steps are.
Long-term financial success is measured in the number of steps, the direction you want to take, and the number of years.
In fact, this is the formula for success or failure in any case.
Instead, I strongly recommend going forward.
Long-term financial success isn't measured by how big your steps are.
Long-term financial success is measured in the number of steps, the direction you want to take, and the number of years.
In fact, this is the formula for success or failure in any case.

--- p.276

In other words, you have to start with baby steps, then walk, and then run.
This is the path I recommend.
If you don't like this path, you can do what millions of people who want to get rich quick and easy do.
That means buying a lottery ticket.
Who knows? It might just be a huge hit.

These people also say this:
'Business and investing are risky' In my view, business and investing are not risky.
Rather, it is dangerous not to learn.
Likewise, misinformation is dangerous, and relying on it is the most dangerous of all.
Buying assets is not risky.
It is dangerous to buy liabilities that people call assets.
Starting your own business is not risky.
It's risky to do someone else's business and pay them first.
In other words, you have to start with baby steps, then walk, and then run.
This is the path I recommend.
If you don't like this path, you can do what millions of people who want to get rich quick and easy do.
That means buying a lottery ticket.
Who knows? It might just be a huge hit.

These people also say this:
'Business and investing are risky' In my view, business and investing are not risky.
Rather, it is dangerous not to learn.
Likewise, misinformation is dangerous, and relying on it is the most dangerous of all.
Buying assets is not risky.
It is dangerous to buy liabilities that people call assets.
Starting your own business is not risky.
It's risky to do someone else's business and pay them first.

From the text

Instead, I strongly recommend going forward.
Long-term financial success isn't measured by how big your steps are.
Long-term financial success is measured in the number of steps, the direction you want to take, and the number of years.
In fact, this is the formula for success or failure in any case.
Instead, I strongly recommend going forward.
Long-term financial success isn't measured by how big your steps are.
Long-term financial success is measured in the number of steps, the direction you want to take, and the number of years.
In fact, this is the formula for success or failure in any case.

--- p.276

In other words, you have to start with baby steps, then walk, and then run.
This is the path I recommend.
If you don't like this path, you can do what millions of people who want to get rich quick and easy do.
That means buying a lottery ticket.
Who knows? It might just be a huge hit.

These people also say this:
'Business and investing are risky' In my view, business and investing are not risky.
Rather, it is dangerous not to learn.
Likewise, misinformation is dangerous, and relying on it is the most dangerous of all.
Buying assets is not risky.
It is dangerous to buy liabilities that people call assets.
Starting your own business is not risky.
It's risky to do someone else's business and pay them first.
In other words, you have to start with baby steps, then walk, and then run.
This is the path I recommend.
If you don't like this path, you can do what millions of people who want to get rich quick and easy do.
That means buying a lottery ticket.
Who knows? It might just be a huge hit.

These people also say this:
'Business and investing are risky' In my view, business and investing are not risky.
Rather, it is dangerous not to learn.
Likewise, misinformation is dangerous, and relying on it is the most dangerous of all.
Buying assets is not risky.
It is dangerous to buy liabilities that people call assets.
Starting your own business is not risky.
It's risky to do someone else's business and pay them first.

From the text