“Fake” focuses on financial education, particularly the idea that traditional financial education does not adequately prepare people for the current economic realities of the world. In the book, Kiyosaki argues that much of what is taught in traditional financial education is outdated and that people need to adapt to the new economic reality by learning new skills and strategies.
Traditional education does not teach financial literacy
Kiyosaki argues that traditional education systems do not adequately teach financial literacy and that this contributes to many people’s lack of financial success.
Question the mainstream narrative
One of Kiyosaki’s key themes in “Fake” is the idea that much of what we are taught about money and finance is not necessarily true or accurate. He encourages readers to question the mainstream narrative and think critically about financial issues.
Learn from failure
Failure is a natural part of the journey to financial success, and Kiyosaki encourages readers to embrace it as a learning opportunity. He argues that failure can be a valuable teacher and that successful people are those who are willing to take risks and learn from their mistakes.
Take control of your financial future
Ultimately, Kiyosaki’s message in “Fake” is that you need to take control of your financial future. By building financial intelligence, learning from failure, and being adaptable and flexible, you can achieve financial success and create the life you want.
Be aware of the dangers of debt
In “Fake,” Kiyosaki discusses the dangers of debt and emphasizes the importance of being aware of its potential negative consequences. He advocates for using debt wisely and strategically, rather than as a means of financing an unsustainable lifestyle.
Understand the difference between assets and liabilities
Kiyosaki emphasizes the importance of understanding the difference between assets and liabilities in order to build wealth. He argues that most people mistake liabilities for assets, which can lead to financial problems.
Build your financial intelligence
Kiyosaki argues that in order to succeed financially, you need to build your financial intelligence. This involves learning about money, investing, and business, and applying that knowledge to build wealth.
Be prepared for economic changes
Kiyosaki emphasizes the importance of being prepared for economic changes and disruptions. He argues that the world is changing rapidly and that it’s essential to be adaptable and flexible in order to succeed.
Learn how to make money work for you
In the book, Kiyosaki stresses the importance of making money work for you, rather than working for money. This means investing in assets that generate passive income, rather than relying solely on active income.
Realize the power of entrepreneurship
Kiyosaki is a strong proponent of entrepreneurship as a means of achieving financial success. He argues that being an entrepreneur allows you to control your own destiny and build wealth in a way that traditional employment cannot.
