12 Life Lessons From “Rich Dad Poor Dad” That Can Change Your Life

Life lessons in helping us develop a consciousness of wealth.

Jennifer Thompson
5 min readSep 13, 2022


From Amazon

The book “Rich Dad, Poor Dad” by Robert Kiyosaki is a personal finance book offering life lessons that can change your life. It’s different from other financial books that provide do-it-yourself strategies on how to make money.

“Rich Dad, Poor Dad” goes beyond that by offering great insights on nurturing a consciousness of wealth. Essentially the book describes how a wealth mindset (Rich dad) differs from a poor one (Poor dad) and that cultivating the wealth mindset is the key to becoming rich. Most of us were not raised with skills in building a strong foundation with money.

Here are some key ideas from the book that can change your life.

1. Mistakes are merely lessons.

Our school system penalizes us for our mistakes. As a result, we grow up trying to avoid making mistakes, but our greatest lessons come from learning from our mistakes. For the wealthy, failure is a powerful teacher.

And if you believe motivational speaker, Dennis Waitley:

“There are no mistakes or failures, only lessons.”

2. Playing it safe keeps us stuck

From that very first step we take as babies, till the day we die, life is full of risks. That is precisely how we grow. Unfortunately, our parents and school systems do all they can to minimize our exposure to risk.

Avoiding risks by playing it safe inhibits our growth and keeps us stuck. Making money takes risks, but the greatest loss comes from staying stuck. Life rewards those who take risks.

Instead of avoiding risks, educate yourself on those risks and learn from professionals. It doesn’t negate the risks. Just means you take educated and well-calculated risks.

3. Study all you can about the money system

Money touches all aspects of our lives and our relationships. As a result, it is essential that you study all you can about money, such as how to get money working for you. And the workings of the financial system.



Jennifer Thompson