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Poverty isnt a choice so much as it is a cycle and a tough one to break.
Its not just aboutmaking more money.
He then highlighted four tips that those of ustrapped in poverty should use to break free.
Stop Living Below Your Means
Kiyosaki doesnt believe in the wealth-building power of living below your means.
He thinks the entire principle is ridiculous.
Instead, you should be getting richer by having assets buy your liabilities.
I always have Ferraris, Rolls Royces and all that, he said.
If it takes money from your pocket, its a liability.
Assets, by definition, put money in your pocket.
Think Like a Capitalist
Kiyosaki champions thinking like a capitalist.
To think like a capitalist youll need to build up your financial IQ, as Kiyosaki calls it.
Based on Kiyosakis advice, this is how it should be.
Its a matter of structure of thought, discipline, he said.
Can you keep your discipline?
Can you keep focused?
I learned everything just playing Monopoly, Kiyosaki said.
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