What you previously believed about ... was wrong

Hi friends,

I am reading Rich Dad’s Cashflow Quadrant book. This is one of the lessons that I wanted to share. (This is not in anyway a financial advice for how to invest. These newsletters are written with the hope that you learn from it. If you invest, then do so but under your own risk) I hope you will like it.

The lesson begins-

One of the most crucial steps in developing financial awareness is learning to accurately assess risk. Many people believe that investing is inherently risky, but the real risk lies in being financially uninformed. Just as a pilot must undergo extensive training before flying, investors must educate themselves before making financial decisions. If you don’t know the difference between sound and poor financial advice, you’re at risk — not because of investing itself, but because of the lack of knowledge.

Rich dad emphasized that while any advice can be better than none, the real danger lies in not discerning good advice from bad. He noticed that many people struggle financially because they operate based on financial habits and beliefs passed down by family members — most of whom are not financially successful. "Bad financial advice is risky," he often said, noting that children learn more from observing their parents’ actions than from their words.

More to read on-

Have you ever heard of ‘Millionaire Firefighters”?

Learn what are ‘Hard Assets’ here:

The history and the reasons the Rich are not taxed-

Why you should not learn only one subject-

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