The first chapter or the first lesson is really like an intro to the book. Robert introduces the differences between his poor dad and his rich dad. It shows how he comes to see how the intelligence and better way of teaching his rich dad offers.
Chapter 2 is the real beginning lessons on becoming rich or a least wealthy. Accounting! It may be boring, it may be confusing, but it’s very important. The first thing you need to know is the difference between a liability and an asset. If your house is your greatest asset, then you have a lot to learn. Though it is so simple, it’s crazy how people confuse them. “An asset puts money in my pocket. A liability takes money out of our pocket.” It all has to do with cash-flow and how that goes into how your income statement and balance sheet co-exist. All three classes, rich, middle, poor, have different coexistence. Robert provides easy to understand diagrams that show why the middle class and poor class are so very far from the rich.
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