Book Review: Rich Dad's Before You Quit Your Job

Recently I’ve become really interested in studying out entrepreneurial leadership. I actually started reading this book from a referral from a book I’m reading on Church Planting. The author said to read it and everywhere it  says entrepreneur, put in church planter instead. I’m glad I followed his advice and read this book.

This was one of the most practical books I’ve ever read. It covers everything you’ll need to know if you’re going to be an entrepreneur. The authors are very straight forward. They tell you exactly the kind of mentality you’ll need to succeed, the knowledge, the team, the right skills, etc.. Perhaps the greatest thing I appreciate about it is that it shows you the price you need to be willing to pay in order to be successful. Most people are not ready or willing to pay the price, and thus the business they start doesn’t last and fails miserably.

If you’re interested in becoming an entrepreneur, you need to read this book!

Buy it Here: Rich Dad’s Before You Quit Your Job: 10 Real-Life Lessons Every Entrepreneur Should Know About Building a Multimillion-Dollar Business

Some Highlights:

  • “Our schools train young people to become employees. That is why so many parents say to their child, ‘Go to school so you can get a good job.’ I have yet to hear any parent say, ‘Go to school to become an entrepreneur.”
  • “The reason most people who want to become entrepreneurs remain employees is that they have some excuse that keeps them from quitting their job and taking that leap of faith. For many people, the power of their excuse is more powerful than their dreams.”
  • The worst thing about living a life of security is that you often lead two lives—the life you live and the unlived life you know you could be living.
  • If I were starting my entrepreneurial career all over again, I would start with a network marketing or direct sales business, not for the money but for the real world business training I could receive, training similar to the type of training my rich dad gave me.
  • “My point is that it is the fear of losing money that costs people the most money. They are so afraid of losing . . . they lose. They settle for a steady paycheck. They may not lose much money in their life, but they lose out on the potential for great wealth.”
  • Start the business. Fail and learn. Find a mentor. Fail and learn. Take some classes. Keep failing and learning. Stop when successful. Celebrate. Count your money, the wins and the losses. Repeat the process.
  • My rich dad said, “The main reason to start a business is to have a business to practice on.
  • “You must get a job in sales. Being able to sell is the basic skill of all entrepreneurs.”
  • The problem for most of them is that they cannot sell, which means they cannot raise money. The inability to raise money may be reason number one why most want-to-be entrepreneurs give up and go back to their jobs.
  • “Work to learn, not to earn.”
  • “If you want to have the best team around you, you need to be the best at something as well. If you are only mediocre at communications, then you will never need the best attorneys, engineers, designers, or accountants. You will only need mediocre ones because you are mediocre.”
  • If your costs frighten you off, then maybe being an entrepreneur is not for you. High expenses are an everyday challenge in business. Taking on that challenge is one of the most important jobs of an entrepreneur.