Rich Dad and Poor Dad are two books written by Robert Kiyosaki. The author began writing the book when he was nine years old. He grew up in Hawaii with a father who was the state’s secretary of education. While his father had a doctorate, he made a modest salary. As a child, Kiyosaki became fascinated by the rich and successful people and how they achieved financial success.
Robert Kiyosaki’s book “Poor Dad, Rich Dad” is a parable-like story that compares the two classes of people. Essentially, the rich are those who made money and have kept it. The poor, on the other hand, have to work for their money. The wealthy are those who created their wealth through savvy investments and entrepreneurship.
“Rich Dad, Poor Dad” is considered a modern classic of personal finance and has sold over 32 million copies. It tells the story of Robert Kiyosaki’s life with two fathers. His “poor dad” was not financially independent, and taught him to work for others. His “poor dad” made him depend on his employer for his financial security. Both fathers taught him how to handle risk and avoid it when dealing with money.
Robert Kiyosaki also teaches how to purchase real estate without spending money. His advice to people who want to invest in real estate is to find good deals and use their money wisely. This way, they can buy a home without making a down payment and keep the money they make.
Robert Kiyosaki’s Rich Dad
Many people are skeptical about the authenticity of Robert Kiyosaki’s Rich dad. Although it has been said that Kiyosaki was inspired by a real person, he is reluctant to give his real identity. As a result, he has kept the book’s authorial source secret. In fact, Kiyosaki has a signed contract with the rich dad’s family, which prohibits him from disclosing the person who inspired the book.
A journalist interviewed Kiyosaki about Rich Dad. After receiving the phone number of the Rich Dad’s son, Kiyosaki and the reporter spoke with the man who claimed to be Rich Dad. However, the journalist agreed not to reveal the man’s contact information.
Rich Dad is a local businessman, who lives down the street from Robert Kiyosaki. Like the poor dad, Rich Dad works hard and builds a kingdom of diverse businesses. He is about 200 pounds and has a Ph.D. The two fathers are similar in that they both struggled with money, but they both managed to make a fortune. One father even served in the army while the other one was a student. Rich Dad’s son took over the family business in 1990.
Robert Kiyosaki’s Poor Dad
After serving in the U.S. Marine Corps during the Vietnam War, Robert Kiyosaki decided to make the move to civilian life. He joined a company that specializes in photocopying and printing. After a couple of years, Kiyosaki decided to start his own business.
The rich dad told him not to specialize in one thing, but to take a variety of jobs. He also made sure that he attended meetings and listened to professionals. In this way, he was able to gain a wealth of knowledge and expertise. He realized that he had more financial literacy than his poor dad, so he listened to bankers, tax accountants, and real estate brokers.
Kiyosaki’s book is partly based on his life. He had two different fathers, one with a Ph.D., and one who did not finish eighth grade. Both had struggles with money, but both of them grew into wealthy men. The two fathers taught Robert Kiyosaki the importance of knowing when to make your money work for you and what to do with it.
Robert Kiyosaki’s book Rich Dad, Poor Dad
Rich Dad, Poor Dad is a 1997 book that advocates financial literacy, financial independence, and building wealth through assets. The authors recommend investing in real estate and business ventures, establishing a trust, and boosting financial intelligence. The book also addresses common mistakes people make and how to avoid them.
The main character in Rich Dad, Poor Dad, is 9-year-old Robert Kiyosaki. He lives in Hawaii, but feels outcast among the rich kids at school. He asks his teacher father about money and shares his frustration with his best friend, Mike. Together, the two create an idea for melting down toothpaste tubes and minting nickels. Robert’s father suggests a business idea, and he and Mike begin to learn how to make money.
Robert Kiyosaki’s book is a motivating read. In chapter three, he explains that most people confuse a profession with a business. However, it is important to remember that Kiyosaki didn’t write the book to be an expert financial advisor. He wrote it as a motivational guide to get readers motivated to make better financial decisions.