Lessons From Rich Dad Poor Dad

lessons from Rich Dad Poor Dad

One of the most important lessons from Rich Dad Poor Dad is how to think about money. The world we live in is focused on a consumer culture that rewards money with more expensive things. However, money should be used wisely. In addition, Kiyosaki learned from his father that it’s best to pay yourself first and invest in real estate.

Kiyosaki’s father taught him to invest in real estate

Robert Kiyosaki grew up with two “dads”: one who was an educated Ph.D. and a second who never finished high school. One father struggled financially while the other became one of the wealthiest men in Hawaii. Kiyosaki often compared his two fathers and their parallel experiences of financial hardship.

Robert Kiyosaki grew up in Hilo, Hawaii. He attended an elementary school where most students were wealthy. During his time in school, he was often excluded from parties and told he was poor. This led to his lifelong quest to prove that he was worthy of parties. However, Kiyosaki never returned to Hawaii until the age of 61, when his father taught him to invest in real estate.

While most people associate Kiyosaki with get-rich-quick schemes, his wife has become a successful real estate investor herself. She’s not a financial genius, but she’s invested in basic stuff like rental condos in Brooklyn. She aims to buy at least one new investment property every year.

His father taught him to learn from a variety of life experiences

The premise of Rich Dad Poor Dad is that it is important to learn from a variety of life experiences and learn from failure. The rich dad said that the most effective way to learn is through experience, and he believed that life lessons are more important than books. He also said that it was necessary for his boys to experience the realities of money.

Rich Dad’s teachings are based on his own experiences. He encouraged Kiyosaki to take on a variety of jobs to learn from various life experiences. His Poor Dad, on the other hand, believed that one should earn a degree in a narrow field in order to secure a high-paying job with benefits in a large corporation. Both dads had different views, but both were helpful in inspiring Kiyosaki.

Rich Dad Poor Dad is about two different mentalities: the one of the rich and the poor. While both mentalities have merit, only one leads to true financial freedom. The rich have their money work for them, the poor don’t. They earn their money through hard work and a number of life experiences.

His father taught him to take risks

Building an empire state building, or a suburban home, requires digging a deep hole and laying a six-inch slab of concrete. Rich people have an arsenal of assets, while the poor have just expenses. As the saying goes, the rich buy assets, while the poor buy liabilities. However, it is not enough to own assets alone. One must also understand the relationship between assets and liabilities.

One of the key lessons in Rich Dad Poor Dad is to take risks. The author explains that while the rich do not work for money, middle-class people work for fear and greed. These people did not grow up learning to take risks, but were taught to stay in their comfort zone and look for a secure salary. It is important to understand that opportunities come and go, but the poor don’t take them because they are too busy seeking security.

Robert Kiyosaki, the author of Rich Dad, Poor Dad, grew up with two fathers. He learned from both of them, but the rich father was the one who taught him to take risks. The difference between a rich and poor dad can be life-changing.

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