Rich Dad Poor Dad is one of the most famous books in terms of Personal Finance. It consists of various knowledge for all kinds of people looking for managing money. The book was published back in 1997 and has sold about 32 million copies in 40 different languages across the world. 

Personal Finance is the most crucial art each of us should know to grow financially. This enables you to increase your return with low investments. The book teaches all kinds of different aspects of personal finance. It teaches how a middle-class invest their hard-earned money and how they are different from a rich person. 

Let's understand some of the major learning given by this book.

Lesson 1: Rich acquire Assets, Poor acquire liabilities and think it’s an asset. 

Almost each of the chapters from this book teaches how rich and poor people invest their money. The core of the book says that people who are rich will remain rich and the person who is poor will remain poor until they don't change their pattern of spending. 

Let's crack it into a more simple way, The book further says that the rich acquire assets and the poor always acquire liabilities and think it's an asset. 

The poor people are those who think their car, their home. their day-to-day goods are their assets. But here's the difference, the rich people invest their money into things that can generate income even if you're not working upon it. For example Stocks, Bonds. Patient Right and even more. 

Lesson 2: Rich don’t work for money, money work for them 

Most people often indulge themselves in a marsh, while thinking their job gonna secure their entire life. Thou, the reality is far different from this misunderstanding. It's quite different from what it seems to be. 

A line said Warren Buffett “If your salary is your only source of income, you're one step away from poverty”.

This book teaches that financially rich people always utilize their money in establishing their asset column more effectively while investing their hard-earned money into stocks, businesses that will earn a profit, bonds, and even more. 

The ultimate goal of the investment is to do not let rich people work hard in their jobs. They can earn enough money just by investing only. Whereas the poor people, who don't have enough understanding, and any strong investment will work for money instead of money work for them. 

A lot more thoughts to share from this book,  stay tuned for more such lessons.