
Let me guess: “Rich Dad Poor Dad” was the first book on finance you ever read. Okay, maybe I’m just projecting because it was mine. It’s a classic.
I didn’t exactly love to read at the time, but the pocket size and the catchy title won me over. In a little under 250 pages, Robert Kiyosaki told his story as a boy who had two dads – “poor dad” who was his real father, and “rich dad”, a mentor who helped him understand money and business.
He wove this story to expatiate Rich Dad’s nuggets to him and took every opportunity to show the relevance of each piece of Rich Dad’s advice in today’s context. Poor Dad had the spotlight for a while, but only for as long as he illustrated what you should not do if you wanted to build sustainable long-term wealth and bask in financial freedom.
There are a lot of nuggets from Rich Dad that everyone needs, honestly, but they can’t all fit into this post, so here are 6 that really stood out and I’m sure would resonate with you:
1. Make money work for you
The difference between the rich and the poor is that the rich see money as a tool to make more money, unlike the poor who see money as an opportunity to spend even more.
Money is a finite resource, so it should never be idle or you would run out. Deposit it in a high-interest savings plan. Get safe and secure investments that earn returns in your sleep. Put it to work.

2. Your mindset may just need a reset
A simple switch from thinking, “I can’t afford it” to “How can I afford it?” can change a lot for you financially. The latter opens your mind to the possibilities and challenges you to work towards them.
Wealthy people take risks. They’re brave enough to ask questions that challenge their minds. If you sit there saying “I can’t afford it” instead of making sure you can, then maybe you’re not really interested in having financial freedom.
3. Financial literacy is not optional
Whoever came up with the saying that “knowledge is power” must have seen this light. You can’t control what you don’t know. Financial literacy and intelligence would help you maintain your wealth. Make effort to stay abreast of information about money.
Read blogs, consume short-form content on social media, download guides, and subscribe to newsletters that teach you about money. Cowrywise ticks all these boxes, and we’re very intentional about helping you to make sense of money. Don’t be left out.
4. Work to learn, not just to earn
Wait, hear me out. I’m not in any way suggesting that you work for free, or for “exposure”, because these things don’t pay the bills. My point is, value varies in different scenarios.
Feel free to take up an unpaid internship to gain life skills and understudy how that industry works. The insight you may get from there could come in handy for you when you’re building your business. Knowledge sometimes has more potential value than money in the long run. Take such opportunities when they come.
5. Assets and liabilities make the difference
In Rich Dad Poor Dad, Kiyosaki explains that “an asset is something that puts money in your pocket and a liability is something that takes money out of it”. It’s that simple.
As we already discussed earlier, the rich focus on using their money to make more money (acquiring assets) and the poor use their money to incur liabilities. It’s important to note though, that an asset to one, can be a liability to another. There’s no one size fits all.
6. Your company matters
Not every day, “Hey, let’s go shop at that mall that just opened.” Sometimes, “Hey, gentle reminder to top up your savings plan”. Your company matters.
Surround yourself with people who have the right kind of mindset and are constantly looking for ways to solve problems with new ideas. Keep company with people who are headed where you are, so they don’t slow you down.

Phewww, I can keep going, because Rich Dad Poor Dad has more than just 6 gems on financial intelligence and freedom. It explains taxes, savings, mindset and money in a way you probably haven’t seen before. I highly recommend you read this short book, as it would open your mind to a lot of things rich people teach their children that poor people don’t (well, because they can’t).
Have you read Rich Dad Poor Dad? What is one thing that stood out for you? Let’s talk about it in the comments. If you’d be reading it, let me know too.
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I have been saved times without number from my 20% savings on my salary earned and this I enjoyed using cowrywise application.
I simply want to applaud the initiatives behind cowrywise, and God bless the day I downloaded this app, seamless transactions and activities, this is a one stop shop for investors and planners alike.
Oluwadamilare Akinola.
(Dee3concepts Travels)
A+ for financial literacy.
Thank you Cowrywise!
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So happy to have you on board ?
I love saving with cowry wise. I have no regret… i have also learnt some things on their blogs concerning savings and investment
So glad to hear that, Blessing. Thanks!
Yayyy ?
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Thanks Omowunmi! ??
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As a student who uses both PiggyVest and Cowrywise, I prefer Cowrywise because it is waaayy simpler. And has more options.
Always teaching its users something. Thank you!
Thank you, Omolola.
Among all other sites and companies, I have been investing I still choose cowrywise as the best . Because,its simple, straightforward, and attend to their customers,thanks to cowrywise we are still looking up to you,
for more development.
I love CowryWise for their regular financial education
I love cowrywise
And introduced it to my friends
Great initiative from Cowrywise
Now i would love to ask where the 10% tithe comes to play in
Well, you get to play around with the percentages when it comes to the 50-20-30 rule. I include my tithe by lowering my necessities to 40%, and also included black tax @ 9%. Just make sure all your categories add up to 100% and adjust where only necessary.
Specially want to thank OPE he’s/she’s been great! Thank you for all the financial advices!
Overall best in financial literacy
I so much love cowrywise especially because they have a plan for Muslims who do not want interest on their savings and I also love their automation
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Please I need your advice on how to get debt free with my income how to spend and Dave to pay up the loans
I always look forward to Ope’s email because their is always something to learn.
I invitatied one thousand I did not see the money or income
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I wish to know more about Cowrywise investment
I wish to know more about Cowrywise investment. I have interest in investing. How can I go about it
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Wow really loved this
A very nice article thanks
Thank you for yet another insightful post??
I have no regrets since I joined cowrywise, since 4years ago, I love it and have introduced many people, God bless you all Amen
The first 200k I was able to save was because Cowrywise made it possible ????.
I love the fact that once a saving plan is set you can never break it till it’s due date.
I remember rushing down to my app to withdraw my money just for me to realize it’s a one year saving plan?? I was heartbroken at then but guess what one year later I was immensely grateful that the money was safe locked without me accessing it.
I have a lot to learn from using this app as I journey to financial freedom, I haven’t officially utilized the investment options but I will definitely give it a good try someday.
Thank you Cowrywise for this awesome opportunity ❤️?
Thanks for always educating me ❤️?
Thank you cowrywise..Thank you Ope
Thanks so much my favourite Savings adviser, Ope, this 50-20-30 plan is an eye opener. I will put into use immediately so that I can be consistent in my savings. Thanks
Lovely write-up as usual, always happy to see cowrywise content