Rich people are motivated by the unfairness of the world
People who are rich have a different motivation for making money than those who are poor. They are motivated by love and honour, as opposed to money. They stay late at the office for this reason, and they want to be seen as smart and clever. The media carefully records the fortunes of the rich.
Inequality is a major issue in the United States, and there is a never-ending debate over it. Despite the controversies surrounding inequality, it is interesting to note that people who are rich don’t seem to be bothered by it. They tend to think that the U.S. is a fairer place to be rich, despite the fact that the rich are not able to afford to pay their fair share.
They take more risks
In the Rich Dad, Poor Dad parable, Robert Kiyosaki depicts two fathers – the Rich Dad and the Poor Dad – who differ in their attitudes about money and work. The Poor Dad represents the consensus view of work and money – stability over independence, buying a house, and spending money without a long-term plan. This mindset is encouraged by the traditional school system, and most parents are part of it.
In contrast, the rich dad represents the contrarian view of wealth. His goal is to achieve financial independence by taking calculated risks boldly. This view was more successful in the 20th century, when stable growth meant stable employment and pensions. Nowadays, such things are rare, and obtaining a professional education does not guarantee a secure job or pension.
They invest in assets
The Rich Dad Poor Dad book explains that investing in assets is the key to financial security. However, not all investments are created equal. For example, some investments are only available to those who own a business, and others are only for the wealthy. The key is to invest in assets that have the lowest risk and highest returns.
Rich Dad Poor Dad advocates investing in assets in the form of stocks, real estate, cryptocurrency, and gold. Kiyosaki’s book is a must-read for those who are interested in wealth development. He breaks down the different types of assets and explains how to use them for wealth development.
They feel jealousy
Having a rich and successful dad can make you feel jealous. But there are many ways to counter the feelings of jealousy. One of the most common is to try to emulate the other person’s success. But that’s not easy. It can be very easy to get caught up in jealousy.
They feel bitterness about the success of others
Rich dads always feel bitterness about the success of others, because they haven’t achieved it themselves. They are too preoccupied with the amount of time they work, the amount of pay they get, the Social Security they receive, the amount of sick leaves they get, and so on. They’re caught in the “Rat Race,” chasing money and status.
In Rich Dad Poor Dad, Robert Kiyosaki lays out the mindset of successful people. He notes in chapter three that most people confuse their profession with business. Kiyosaki uses many examples to prove his point. In the book, he makes a case for the importance of financial literacy, real estate investment, and starting your own venture.