Fear & Failure
This emotion is described as the biggest obstacle to becoming rich.
What is Fear?
This negative mindset focuses on what might go wrong instead of what might be gained.
What is Cynicism?
According to Kiyosaki, laziness often disguises itself as this.
What is busyness?
This habit keeps many people living paycheck to paycheck.
What is paying others before paying yourself?
This attitude blinds people to their weaknesses and stops them from learning.
What is arrogance?
Rich Dad says people often quit because they can’t handle this feeling after losses.
What is Dissapointment?
This “little voice” in our heads often kills opportunities.
What is Doubt or Chicken Little?
Rich Dad says this emotional driver is necessary to overcome laziness.
What is desire?
Rich Dad says people should always do this first, even when money is tight.
What is pay themselves first?
To overcome arrogance, Rich Dad says people must seek this from others.
What is advice or financial knowledge?
Kiyosaki argues that this is the best teacher, even more than school.
What is Failure?
To overcome cynicism, Rich Dad says people should focus on these instead of barriers.
What are opportunities?
This bad habit causes people to avoid confronting their financial problems.
What is procrastination?
Paying yourself first creates pressure that forces people to do this.
What is find creative ways to increase income or manage money better?
Arrogant people often reject this type of feedback, even when it could help them grow.
What is constructive criticism?
Rich Dad encourages people to keep going even when they face many of these along the way.
What are Setbacks?
This mental habit prevents people from taking action because they worry about criticism from others.
What is Self-doubt?
This is the question that poor or lazy thinkers ask, shutting down financial possibility.
What is "I can't afford it?"
This is the habit of spending money as soon as it is earned, instead of saving or investing.
What is consumption spending?
Rich Dad warns that arrogance can cause people to stop doing this essential mental activity.
What is learning?
The book says winners use this tool to learn from fear instead of running from it.
What is Self-reflection or Analysis?
Kiyosaki says people must strengthen this ability to think for themselves, even when others disagree.
Kiyosaki says people must take this step to break the cycle of laziness and financial stagnation.
What is taking personal responsibility?
Rich Dad argues that correcting bad money habits requires building this type of discipline.
What is financial discipline or self-control?
According to Kiyosaki, this quality separates those who continue to grow financially from those who stagnate.
What is humility or being teachable?