This book teaches the proper way to handle money and use it wisely. Our world has become a consumer culture, and more money means more things to buy. But this is not the way to be successful. Rich Dad Poor Dad can help you learn the proper way to use your money.
Rich Dad Poor Dad
If you’re looking for a classic book on personal finance, Rich Dad Poor Dad is the book for you. Whether you’re just starting out or are looking to improve your finances, you’ll learn valuable lessons from Kiyosaki’s own life experiences. His straightforward approach debunks common money myths and helps you build a solid financial foundation.
If you’re living on credit and are interested in how to make more money, you’ll enjoy Rich Dad Poor Dad. While the book is repetitive and not especially well written, its concepts are worth studying. After a few chapters, most people will have the basics down. In fact, a few paragraphs are so concise that you’ll be able to understand them by heart without too much effort.
Rich Dad Poor Dad is written in a style similar to parables. Kiyosaki uses the stories of two influential men in his life to help readers learn how to manage their money. He compares the advice from “rich” and “poor” dads and how their values differed from one another.
Rich Dad taught his boys in real life experiences, rather than through theoretical theories. For example, Robert was not making enough money and complained to his Rich Dad. That’s not unusual in the modern world – most people feel that they don’t earn enough. Even income increases don’t make a big difference in their lives. And while it might be tempting to take a safe job and make good money, it’s not always possible to make your money work for you.
Robert Kiyosaki’s father
The fathers of Robert Kiyosaki were very different in many ways. One of them was a Stanford PhD, and the other was a poor, unemployed man who failed to complete his eighth grade education. Both had a struggle with money, but their respective destinies were different as well. In the book, Rich Dad and Poor Dad each teach their son valuable lessons about money management.
The first lesson from Rich Dad Poor Dad is that property is a liability and not an asset. The value of a house doesn’t necessarily go up, so it doesn’t make sense to buy a million dollar house and then sell it for far less. Property taxes increased as the value of the property declined, and Kim’s parents’ budget was put under strain.
Robert Kiyosaki’s father met with the father of one of his readers, Mike. Mike’s dad had learned of Rich Dad’s money-making skills from his banker. The two men scheduled a meeting and started lessons. The fathers became good friends and the relationship grew.
Robert Kiyosaki’s father was a successful entrepreneur who began working at a young age. He worked for Xerox, but his bosses would talk about promotion and raises. He would also hear about the increase in deductions. He realized that he needed to emulate his rich father and began working harder to sell Xerox machines.
Robert Kiyosaki’s influence on the book
Robert Kiyosaki’s influence upon Rich Dad Poor Dad can be traced back to the marketing of his CASHFLOW 101 board game, which teaches people how to achieve financial independence. Kiyosaki crafted a brochure for the game, which later served as the basis for his bestselling book. He self-published the book and made good use of his connections to promote it and gain publicity.
Kiyosaki was an overweight kid from Hilo, Hawaii, who grew up to become an author. He was an entrepreneur and a speaker, and he cites several mentors in his success. Despite being a poor writer, he eventually became a best-selling author.
In 1989, Kiyosaki made a down payment on a house worth $550,000. He then rented the house out to tenants, using the rental payments to pay off the mortgage. A year later, the real estate market picked up, and he sold the house for ninety-five thousand dollars to a couple from California.
Kiyosaki’s book teaches readers to build financial confidence by tackling four main obstacles in life. The first is arrogance. Arrogance means having the attitude “what I don’t know doesn’t matter.” Arrogance prevents us from changing our opinions and learning new things. Even if you’re smart, you might still be arrogant. This is why many people buy investments and real estate without learning the essentials.