Rich Dad teaches young boys to stop thinking about wages and start generating their own money. He argues that most people miss out on opportunities because they are too concerned with money and security. This can be a very powerful lesson for young boys. This book has been a worldwide bestseller, and it is an excellent introduction to the topic of money and security.
Robert Kiyosaki’s father
Robert Kiyosaki’s father was a businessman and successful entrepreneur. Before founding the Rich Dad, Poor Dad business philosophy, he served in the Marine Corps and learned important business skills. After leaving the service, he joined Xerox as a salesman and became one of the company’s top salespeople. Then, he left Xerox to start his own business, but not before he learned how to handle fear.
Robert Kiyosaki learned from his father that money does not buy happiness. This concept was based on his experience growing up with two “dads.” The biological father, a college graduate, was a “poor dad”; his second “dad” was well-educated and a government employee. Both fathers stressed the importance of getting a respectable education and working up the corporate ladder. They also stressed job security.
Robert Kiyosaki’s father taught him how to be financially independent through his work. His dad taught him the importance of being resourceful and persistent. While working for him, he kept his eyes open for opportunities. He eventually identified a source of free comic books and a comic book library. The library was interrupted by bullies, but he was able to persevere and create his own business.
As a child, Robert Kiyosaki’s public school friends rejected him, and he sought answers from his dad. Later, he enlisted the help of his best friend, Mike, and began minting nickels and melting toothpaste tubes to get rich. Eventually, his father suggested he talk to Mike’s father, who is also a successful businessman in his own right.
A spokesman for Robert Kiyosaki has confirmed that his father is indeed real, but that there was another person involved in his writing. He also said that the family of Rich Dad requested that their identity not be made public. According to the Rich Dad’s son, Rich Dad is a composite character based on several of Kiyosaki’s advisors.
The book Rich Dad, Poor Dad was published in 1997. It has been translated into 51 languages and sold in 109 countries. Kiyosaki and his father have since collaborated on two other books – Why We Want You to Be Rich and Midas Touch.
Kiyosaki and his father were poor together as children. They brainstormed ways to make money together. At the age of nine, Kiyosaki and Mike were very ambitious. They eventually bought a small house and sold it for $95,000, which was considered a bargain at that time.
In 1956, Robert Kiyosaki’s father was unsuccessful in making his own nickels. He wanted to teach his son how to invest money, but he didn’t have much money. So, he gave his son $3,000 to buy a car. After expenses, he earned $40 a month. When the market rebounded, he sold it for $95,000. After that, he used the money to buy a 12-unit apartment. He deferred the capital gains and spent $300,000. He then sold it for $495,000.
Robert Kiyosaki is a true genius, and he knows how to analyze deals like Warren Buffett. He is an investor and a teacher. He taps into his “raw” genius. He has a knack for financial analysis and shares his findings with others. He is also a generous man. He spends a lot of time reading books and attending seminars.
Despite the similarities in their personalities, the two fathers had different financial philosophies. The book compares their habits and attitudes in order to make readers see the differences. Robert Kiyosaki relates his experiences with his wealthy father to his own financial wisdom. The book is chock full of examples to illustrate his points.
