RDPD Ch. #5

Front

In Chapter 5, what does Robert Kiyosaki mean by "The rich don't work for money"?

Back

The rich make money work for them by investing in assets.

Front

According to Robert's "rich dad," what is the most important skill for becoming wealthy? Options: Good work ethic, Understanding how to manage money, Learning how to build a network, Finding a high-paying job

Back

Understanding how to manage money

Front

In the chapter, Robert describes how many people work for money, but the wealthy work for:

Back

Skills

Front

What is the primary difference between the mindset of "rich dad" and "poor dad" as described in the chapter?

Back

"Poor dad" works for money, while "rich dad" lets money work for him.

Front

According to the chapter, why do many people struggle financially, according to Kiyosaki? Options: They don't have enough formal education, They are afraid of taking risks and making investments, They don’t earn enough money, They prefer job security over investments

Back

They are afraid of taking risks and making investments

Front

In the story, when Robert was young, what lesson did he learn from his "rich dad" about money?

Back

Working for money is not the key to wealth

Front

What does Kiyosaki mean when he talks about "making money work for you"?

Back

Using money to create multiple sources of income

Front

Kiyosaki describes a key factor that separates wealthy people from others. What is it?

Back

Wealthy people understand the importance of managing money and investing in assets.

Front

What does "rich dad" say about the importance of fear in the process of achieving financial success?

Back

Fear is a natural part of learning to make money work for you

Front

Kiyosaki argues that in order to achieve financial independence, one must focus on:

Back

Acquiring assets that generate passive income