Rich dad poor dad chapter 9 summary (lesson – Still Want More? Here Are Some To-Dos)

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By Stephen

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In this blog post, I’ll provide the Rich Dad Poor Dad Chapter 9 summary. This personal finance book by Robert Kiyosaki. Chapter 9 is titled “Still Want More? Here Are Some To-Dos”

It focuses on the importance of financial intelligence and continuing education when it comes to building wealth.

Kiyosaki emphasizes the need to keep learning, improving your financial IQ, and pushing past your comfort zone in order to achieve true financial freedom.

So, let’s dive into the Chapter 9 rich dad poor dad summary:

Rich dad poor dad chapter 9 summary

Rich Dad Poor Dad summary Chapter 9 Lesson 9 – Still Want More? Here Are Some To-Dos”:

The chapter 9 starts by mentioning that some people may not be satisfied with the 10 steps outlined earlier in the book and see them more as philosophies than actions.

The author thinks understanding the philosophy is as important as taking action. He loves new ideas and taking action. 

For those wanting a to-do list to get started, the author shares some abbreviated things he does:

– Stop doing what you’re currently doing and assess what’s working and what’s not. The definition of insanity is doing the same thing repeatedly and expecting different results. Stop doing what’s not working and look for something new.

– Look for new ideas. To find new investing ideas, the author goes to bookstores and looks for unique investing books on different formulas.

He calls them formulas. He buys how-to books on formulas he knows nothing about. 

– Find someone who has done what you want to do and take them to lunch to get tips and tricks.

For 16% tax lien certificates, the author went to the county office and found a government employee investing in them.

He invited her to lunch and she spent the afternoon showing him everything. The next day he found two great properties using her help.

– Take classes, read, and attend seminars. The author searches for interesting free or inexpensive classes and pays for expensive seminars on topics he wants to learn.

He is wealthy and free from needing a job because of the courses he took. Friends who didn’t take those classes are still at the same job.

– Make lots of offers. When the author wants real estate, he looks at many properties and usually writes an offer. He does as little work as possible and relies on real estate agents.

A friend wanted to learn buying apartment houses. On a Saturday, she, her agent, and the author looked at six.

He said to write offers on all six at half the asking price. She and her agent balked, thinking it rude and offensive.

So she did nothing and kept looking for a better deal, but never made offers. You don’t know the right price until you have a counterparty. Most sellers ask too much. Make offers – it’s part of the process.

– Look for people wanting to buy first, then for someone wanting to sell. A friend wanted land but didn’t have time.

The author found a larger parcel, tied it up, called his friend who wanted a piece of it. He sold a piece to the friend and bought the remaining land for free.

Moral: Buy the whole pie and cut it in pieces. Don’t look only for what you can afford. Think big.

– Shop for bargains in all markets. Consumers get poor deals. They stock up when the supermarket has a sale but run away when the stock or housing markets crash.

The author has had a property he wanted to sell for months. He’d have taken any offer, even for pigs. Make offers – someone might say yes. Include escape clauses allowing you to cancel.

– Look in the right places. The author’s neighbor bought a condo for $100k.

He bought an identical one next door for $50k in a foreclosure auction after taking a $500 class on how to do it. His neighbor thought the class was too expensive and waiting for appreciation.

Profit is made when buying, not selling.

– Look for people wanting to sell. All big companies started small. Colonel Sanders got rich after losing everything in his 60s. Bill Gates was one of the richest men in the world before 30. 

Also read: Rich Dad Poor Dad Chapter 8 Summary (Lesson 8 – Getting Started)


– Action beats inaction. 

The author does these things to recognize opportunities. Taking action is key before receiving financial rewards. Act now!

The main reason the book was written was to share how increased financial intelligence can solve many common problems.

Without training, people use standard formulas to get through life: work hard, save, borrow, pay high taxes. We need better information.

The author gives an example of affording good education for kids and retirement. It requires financial intelligence rather than hard work.

A friend was saving $300 per month in a college fund and had $12k after 6 years. The real estate market in Phoenix was terrible so the author suggested buying a house with some of the college money.

The friend was hesitant as he had no credit for another mortgage. The author said there were other financing options than banks.

They shopped for 2 weeks and found a 3 bed, 2 bath house in a prime neighborhood for $102k. They offered $79k and the owner accepted and agreed to carry back the loan with 10% down.

After the owner left, the friend rented out the house bringing in $125 per month after expenses and mortgage.

The plan was to keep it for 12 years letting the extra $125 per month pay down the principal faster.

In 12 years a large part of the mortgage would be paid off and it might clear $800 per month when his kid went to college. He could also sell if appreciated. 

Three years later the market had improved and a tenant offered $156k for the house. The author advised selling using a 1031 exchange.

He suddenly had nearly $80k to use. He called a friend in Austin who moved the proceeds into a mini-storage facility. Within 3 months, he began receiving nearly $1000 per month which went back into the college fund. 

A couple years later the mini-warehouse sold for $330k. He rolled those funds into a new project generating over $3k per month, again going into the college fund.

He is now confident of easily meeting the goal. It only took $7900 to start and some financial intelligence. His kids can afford the education they want and he can use the asset to fund retirement and retire early.

Also read: Rich Dad Poor Dad Chapter 7 Summary (Lesson 7 – Overcoming Obstacles)

In the final thoughts, the author explains the three incomes in accounting – ordinary earned, portfolio, and passive.

When his poor dad said to get good grades and a safe, secure job he meant earned income. When his rich dad said the rich don’t work for money, they have their money work for them, he meant passive and portfolio income.

Passive is generally real estate investing. Portfolio is paper assets like stocks and bonds. 

Rich dad used to say the key to becoming wealthy is converting earned income into passive or portfolio income as quickly as possible.

Taxes are highest on earned and lowest on passive. That’s another reason you want your money working hard for you rather than you working hard for money.

In Rich Dad’s Cashflow Quadrant, the author explains the four types of people in business: E (employee), S (self-employed), B (business owner), and I (investor).

Most people learn to be E or S. The CASHFLOW Quadrant is about core differences and changing quadrants. Most of his products are for people in the B and I quadrants.

In Rich Dad’s Guide to Investing, he goes into more detail on converting earned income into passive and portfolio income.

Rich dad used to say all an investor does is convert earned into passive/portfolio income. If you know what you’re doing, investing is just common sense rather than risky.

The key to financial freedom and wealth is the ability to convert earned income into passive/portfolio income.

That’s why the author and his wife are financially free and can choose to work. They own real estate investment for passive income and invest in private placements and IPOs for portfolio income.

They also went back to work to build a financial education company and publish books/games to teach the same skills rich dad taught the author.

The games are important because they teach what books can’t. You can’t learn to ride a bike from only reading.

Their CASHFLOW games are designed to teach converting earned income into passive/portfolio income as well as accounting and financial literacy principles. They are the only games that teach these skills simultaneously. 

CASHFLOW 202 is the advanced version of 101 and requires full understanding of 101 before playing.

101 and CASHFLOW for Kids teach fundamental investing principles. 202 teaches technical investing including short selling, call/put options, straddles.

That allows making money in up or down markets – what rich dad said real investors do to make so much money.

They make more because they’re less afraid of losing. Average investors don’t know how to protect from losses which CASHFLOW 202 teaches.

Average investors think investing is risky because they lack formal training to be professional investors.

As Warren Buffett says, risk comes from not knowing what you’re doing. The games teach basics of fundamental and technical investing while having fun.

Occasionally someone says the games are expensive.

The author explains the price may seem high compared to entertainment games, but not as expensive as college, working hard for earned income, paying excessive taxes, and living in fear of losing money in the markets. 

When someone walks away complaining about price, the author can hear rich dad saying you need to know what income to work hard for, how to keep it, and protect it from loss. 

That’s the key to wealth. If you don’t understand the differences in the incomes and skills to acquire/protect them, you’ll likely earn less than you could and work harder than you should.

Rich dad thought a good education, job, and hard work led to success. But he also thought it was important to know the differences in the incomes and which to work hard for – that was basic financial education.

The rich don’t work for money – they have it work hard for them. That little difference has been significant in the author’s life.

In the final section, Take Action!, the author states that your mind and time are great gifts. It’s up to you what to do with them.

With every dollar that comes into your hands, you alone determine your destiny. Spend foolishly and choose to be poor.

Spend on liabilities and join the middle class. Invest in your mind to acquire assets and choose wealth and financial freedom as your goal and future.

The choice is yours every day with every dollar to be rich, poor or middle class. Choose to share this knowledge with your children to prepare them for the world. No one else will.

Your and your children’s futures are determined by the choices you make today.

The author wishes you great wealth and happiness with the gift called life.

Also read: Rich Dad Poor Dad Chapter 6 Summary (Lesson 6: Work To Learn – Don’t Work For Money)

Rich dad poor dad quotes

Rich dad poor dad lesson 9 (Review)

Here is a Rich dad poor dad lesson 9 Summary with key notes, main points and analysis.


In the final chapter, Robert Kiyosaki provides additional practical advice and strategies for taking action to build wealth.

The main purpose is to motivate readers to implement his financial concepts rather than just passively agree with them.

Rich dad poor dad lesson 9 is: “Action always beats inaction.”

Kiyosaki argues that applying even one new idea from his book can generate life-changing results. Turning knowledge into action is essential for financial success.

Main Points

The 10 main action items covered in this chapter are:

1. Assess what’s working and not working in your finances – Reflect honestly on results so far. 

2. Find new investing formulas – Study niches outside your comfort zone. Information converts to money.

3. Learn from those already successful – People who have done it are the best teachers.

4. Take classes and seminars – Formally develop your financial intelligence. Pay for expensive events. 

5. Make lots of lowball offers – Practice negotiating. You often don’t know the right price until you try.

6. Develop deal flow habits – Drive neighborhoods monthly looking for opportunities. Talk to people.

7. Think big, even when small – Gain experience putting together larger deals.

8. Review history for patterns – All big companies started small. Past performance informs probabilities.

9. Take action before perfection – Start small while developing knowledge. Momentum builds confidence. 

10. Be generous – Teaching reinforces learning. Magic happens when you give first.

Also read: Rich Dad Poor Dad Chapter 5 Summary (Lesson 5 – The Rich Invent Money)

Key Supporting Evidence

Compelling examples Kiyosaki shares include:

– Finding a lucrative 16% tax lien certificate investment just by reading a book and taking one day to act on it. This proves the power of focused learning.

– Making 6 low offers on apartments even though they seemed “rude” resulted in 2 good deals. You must get in the game. 

– Shopping at foreclosure auctions while his neighbor used a traditional broker highlighted information as the key edge.

These stories demonstrate tangible results from staying active in self-education and deal-making.


Kiyosaki concludes that financial freedom belongs to those converting knowledge into steady action. He believes small consistent steps compound into life-changing transformation. 

I agree that passively consuming information provides no edge. Turning one idea into a profitable result creates momentum. The chapter provides an excellent playbook for doing, not just knowing.


The chapter delivers a short, motivating list of wealth-building habits. By including concrete examples, Kiyosaki goes beyond vague inspiration.

The advice remains high-level – additional sources are needed to dive into specifics on negotiating, investing, etc. But motivation is a critical starting point.

In our information-overloaded era, this emphasis on taking imperfect action is highly relevant. Knowledge alone is not scarce today – the ability to use it is.


Summary of rich dad poor dad chapter 9.

Rich Dad Poor Dad Chapter 9 concludes with Robert Kiyosaki challenging readers to actively implement his money mindset philosophies in bite-sized ways.

He shares his own habits and stories to prove real-world application, not passive agreement, enables financial success. This call to action provides practical inspiration to turn knowledge into routine small steps that snowball.

Related Blog posts to read:

Rich Dad Poor Dad Chapter 4 Summary (Lesson 4 – The History Of Taxes And The Power Of Corporations)

Rich Dad Poor Dad Chapter 3 Summary (Lesson 3 – Mind Your Own Business)

Rich Dad Poor Dad Chapter 2 Summary (Lesson 2: Why Teach Financial Literacy?)

Rich Dad Poor Dad Chapter 1 Summary (Lesson 1: The Rich Don’t Work For Money)



  • Stephen

    Stephen is a professional blogger, a freelance writer and a traveler with expertise in personal finance and business. He has over 10 years of experience in the finance industry and a passion for helping others gain financial freedom on all aspects of money management, financial growth, and building wealth. Do follow him on Twitter.

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