Lessons From Rich Dad Poor Dad by Robert Kiyosaki

lessons from Rich Dad Poor Dad

In Rich Dad Poor Dad, Robert Kiyosaki explores the difference in mindset between the rich and the poor. His personal experiences as a father and a successful businessman helped him understand why the rich and poor behave differently. Read on to learn about some of his advice in this book.

Robert Kiyosaki’s experience of having two fathers

Robert Kiyosaki’s experiences with his father are instructive for anyone interested in personal finance. Growing up, he had two “fathers”: one who was poor and had no educational background, and a second who was well-educated and worked for the government. Both fathers emphasized financial education and understanding how money works. Despite being from very different backgrounds, both men had a strong work ethic and became successful in their lives.

When Robert Kiyosaki was a kid, he had a poor biological father, who could not teach him the secrets of money-making. Luckily, his best friend’s father was building a business empire, and he approached him. Rich Dad agreed to teach Kiyosaki how to earn money. He gave him a basic job at a small supermarket, and the two started learning from each other.

Kiyosaki has since clarified that Rich Dad is a real person, although he acknowledges that other people had an influence on him. He also revealed that he had signed a confidentiality agreement with his son, Alan Kimi, to keep the identity of his father secret.

Kiyosaki’s rich father taught him that he should avoid specializing and learn every aspect of a business before deciding on a career path. He taught him to attend meetings and work in different areas, so that he could gain a full understanding of how to build an empire.

Robert Kiyosaki’s experiences of having two fathers

Robert Kiyosaki’s experiences as a child shaped the way he views money and work. His biological father, a Ph.D., followed traditional career thinking and was financially illiterate. His other father, a well-educated businessman, was not financially illiterate. Despite his differences, both fathers modeled the values of wealth, hard work, and job security.

When Robert was in his mid-twenties, he was employed by Xerox. His bosses constantly talked about promotions. He heard about pay raises and increases in deductions. Robert realized that he needed to emulate his rich father. So, he worked harder to sell Xerox machines and learn about the ways of a rich man.

Robert Kiyosaki had a difficult time getting a loan from a bank. When the committee looked at his portfolio, they saw property and real estate. They found it hard to believe that Robert Kiyosaki did not have a traditional nine-to-five job and a steady salary. Instead, he had accumulated a large collection of art, golf clubs, and other possessions. Despite this hiccup, he eventually became one of the top five salespeople at Xerox, and his book is a bestselling bestseller.

Kiyosaki’s biological father was well-educated, but couldn’t teach his son how to become rich. Fortunately, Kiyosaki’s best friend’s father had an entrepreneurial spirit. He decided to teach his son how to make money. But the first project was not successful, nor was it legal. Kiyosaki’s first business venture – casting nickels out of lead – was a failure. His dad had to explain the laws of counterfeiting to his sons before he could proceed.

Robert Kiyosaki’s advice in Rich Dad Poor Dad

Author Robert Kiyosaki has been criticized for his ‘get rich quick’ philosophy and has been the subject of investigative documentaries by CBC Canada and WTAE USA. However, his philosophy is based on financial education and recommending real estate investing and starting businesses. The book is structured in the form of parables that help readers understand the principles he preaches.

Robert Kiyosaki is a self-made millionaire who believes that the key to financial success is risk-taking. His advice is based on his experiences with business and personal finance. He has made millions of people rich by starting his own businesses and investing in real estate. However, he believes that many people stay in their jobs due to fear of failure. His advice to start a business is to embrace risk.

Rich Dad Poor Dad was a best-seller in 1997. Its simple yet effective approach to teaching financial literacy broke down many of the myths about money and wealth. The book is an excellent resource for anyone who wants to build a successful financial life.

The author’s advice is controversial, but has helped millions of people achieve financial freedom. The Rich Dad Poor Dad books are available in more than 100 countries. He has an estimated net worth of $80 million. While Kiyosaki’s advice may be helpful to some, it may not be suitable for others. As an individual, you have to determine what works best for you.

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