Poor dad fears financial risk from "summary" of Rich Dad Poor Dad by Robert T. Kiyosaki
The poor dad in my life was a well-educated man with a good job and a steady income. He believed that the key to financial security was to work hard, save money, and avoid taking any unnecessary risks. He was always afraid of losing what he had worked so hard to earn, so he played it safe in every aspect of his financial life. When it came to investing, my poor dad would only consider options that were low-risk and guaranteed a steady return. He was wary of the stock market, real estate, and any other investment that had the potential to fluctuate in value. He believed that it was better to earn a modest return on a safe investment than to risk losing everything on a risky one. My poor dad's fear of financial risk extended beyond investing. He was also afraid to start his own business or pursue any entrepreneurial endeavors. He believed that the security of a steady paycheck was more important...
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