Dad Differences

One of my dads is a multi-millionaire. The other is a poor man. Why? Very simply, it comes down to their respective attitudes toward money and life. Take a look at the differences... and think about where you fit...

My Poor Dad Says
"My house is an asset."
"I can't afford it."
The statement "I can't afford it" shuts down your thinking. By asking the right question, you mind opens up and looks for answers.

"The reason I'm not rich is because I have you kids."
"I'm not interested in money."
"When it comes to money, play it safe - don't take risks."
"Pay myself last."
Believed that the company you worked for or the government should take care of your financial needs.
Focused only on academic literacy.
Learned only the vocabulary of academia.
"I work for my money."
Thought that making more money would solve his financial problem.

Rich dad says, "If you stop working today, an asset puts money in your pocket and a liability takes money from your pocket. Too often people call liabilities assets. It's important to know the difference between the two.

My Rich Dad Says

"My house is a liability."
"How can I afford it?"
"The reason I must be rich is because I have you kids."
"Money is power."
"Learn how to manage risk."
"Paid myself first."


Rich Dad always took a percentage off the top of any income he earned. He put this money into an investment account that went toward purchasing his assets. Poor Dad spent all his money first and never had any remaining for investments.

"Believed in financial self-reliance and financial responsibility."
"Focused on financial literacy as well as academic literacy."
Learned the vocabulary of finance – "Your words are the most valuable tools you have."
"My money works for me."
Knew that financial education was the answer to his financial problems: "It's not how much money you make that's important – it's how much money you keep and how long you keep it."

Understanding the difference in attitudes between rich dad and poor dad – is essential to taking the first steps to financial freedom.

For a comprehensive look at how to battle the Poor Dad mentality and adopt the Rich Dad state of mind, learn more about the tools we offer to help you on your journey to financial freedom.