If you are looking for a quick, easy, and enlightening read on how to become wealthy, Rich Dad Poor Dad is a good choice. The book teaches a new way of thinking about money and reinvents your relationship with it. It can help you identify what your true assets are and how you can invest in them for financial freedom.
Robert Kiyosaki’s father
In the book Rich Dad Poor Dad, Robert Kiyosaki recounts his father’s journey from poverty to millionaire. In 1989, just after the real estate market had crashed, he was jogging through an area filled with for sale signs and gingerbread houses. Then he stopped and talked to the house owner. The man was discouraged that no one had bought his house. Robert offered to look inside. He offered to pay $60,000 for the house, which sold in under half an hour.
The story is a classic example of how money works. Robert was in his mid-twenties when he started selling Xerox machines. He would often hear from his bosses about pay raises and promotions. This made him realize that he needed to follow his father’s lead. As a result, he worked more and became more successful.
Despite the success of Rich Dad, controversy remains over who is really behind the character. Many questioned Kiyosaki’s authenticity and questioned whether the story was based on actual events. Some critics say that the book is fiction, and that Kiyosaki made up his father’s character. Others have suggested that Rich Dad is a fictional character based on his influences.
Kiyosaki’s father was not the rich dad he had imagined. He did have two “dads” in his life. One was his biological father, who had studied to become a teacher. The other was his best friend’s father. This father had a business empire and agreed to teach Kiyosaki how to earn money. But despite this, he didn’t finish high school, and his father was not able to teach him to become rich.
Kiyosaki’s father had a difficult job. His father tried to take advantage of him, but he refused. After a few weeks, he demanded a raise. He also told his father that he wouldn’t pay him until he earned at least twenty-five cents per hour. After a few weeks of working for free, he and his father met with the rich dad, but the meeting took longer than expected.
As the book progressed, Robert learned from his experiences in the real world. At the age of fourteen, he was working for a job he didn’t like and was not being paid. This realization was important to him. He realized that most people are stuck in jobs that they don’t like, and get paid too little for them.
Robert Kiyosaki’s friend’s father
Robert Kiyosaki is the son of two fathers, a Ph.D. and a rich man. He began his education at a young age in the tanker office of Standard Oil. He then joined the Marines, where he served in the Vietnam War and earned an Air Medal for bravery. After the war, he found himself jobless and dropped out of his MBA program to attend a three-day course on real estate investing.
Although Kiyosaki’s biological father was an educated man, he was unable to teach his son the secrets of wealth creation. As a result, he turned to his best friend’s father for a mentor. His rich friend’s father was building a business empire and agreed to teach Kiyosaki the tricks of the trade. The father gave the boys jobs at small supermarkets so that they could earn money. Kiyosaki and his friend’s father didn’t have much money, but their dad knew how to make money.
The rich father’s advice was to learn all the tricks of the trade. It’s a mistake to specialize in one area. Instead, take on different positions and attend meetings. His rich father wanted Robert to be educated on every aspect of building an empire. Having this mindset helped Robert Kiyosaki achieve his dreams.
Robert Kiyosaki’s friend had his own life story and became rich. His father was also a school dropout and eventually became the richest man in Hawaii. His father taught him that a good education is crucial to success. He emphasized the importance of financial literacy. He also urged Kiyosaki to be financially independent, opposing entitlement mentality.
Robert Kiyosaki has two dads, his real one and his friend’s father. He believes that having a high income is not necessary to become rich. The difference between the rich and the poor is that rich people make their money work for them. They invest their money to build assets while the poor ones work for it.
Robert Kiyosaki spent $45,000 on a $65,000 house and rented it to a professor. After paying his expenses, he netted about $40 a month. Then, when the market recovered, he sold the house for $95,000. He then used the money from the house sale to buy a twelve-unit apartment. He deferred his capital gains and paid only $60,000, which led to a profit of $495,000 two years later.