Rich Dad Poor Dad Book Review

Rich Dad Poor Dad book summary

In Rich Dad Poor Dad, author Robert Kiyosaki explains the process of becoming wealthy. The author of the book was a poor dad who thought he would never become wealthy. He was preoccupied with the status quo-social security, vacations, sick leaves, company insurance, and raises and promotions. This mindset kept him in the Rat Race.

Robert Kiyosaki’s father

Robert Kiyosaki was born in Hawaii and raised in Hilo, Hawaii. His father was an educationist and his mother was a nurse. He graduated from Hilo High School in 1965 and went on to study at the United States Merchant Marine Academy. After finishing, he became a deck officer.

As a child, Robert was discouraged when he learned he was not earning enough money. Fortunately, his father taught him a valuable lesson. Most people feel the same way, especially when their paychecks do not increase. As a result, most of us are stuck in jobs we dislike and are paid too little.

The fathers in Rich Dad Poor Dad were both well educated, but not financially literate. Robert’s biological father, a Ph.D. from Stanford University, was the more “traditional” of the two. He encouraged his son to get a respectable degree and work his way up the corporate ladder. Both fathers stressed job security.

The father of Robert Kiyosaki in Rich Dad Poor Dad, aka Rich Dad, gave his son an opportunity to learn how to become rich. He also told him to work for free at his best friend’s store, while earning the equivalent of 25 cents an hour. The boy agreed to work for Rich Dad in order to learn how to earn money. While working in a superette, Robert Kiyosaki listened to his father’s advice to stay financially independent. He was able to identify an unknown source of free comic books. He eventually set up a comic book library with his friend Mike, but it was interrupted by bullies.

Rich Dad Poor Dad was a wildly successful book that captivated readers. Despite the author’s success in writing this best-selling book, many people still find it difficult to put his principles into practice. But the book is a great resource for anyone interested in personal finance. It helps readers learn about how to manage money effectively by teaching them how their fathers made money. It also teaches them the importance of separating working for money from working for it.

Investing in real estate can be a lucrative business if you know how to make smart decisions. However, in order to build wealth, you need to understand the law of markets. There are four components that make up financial IQ: accounting, investment strategy, market law, and law. In this chapter, Kiyosaki explains the importance of being creative when investing your money. By developing innovative strategies, you can find new opportunities and avoid pitfalls.

The author’s father in Rich Dad Poor Dad, Richard Kimi, was a real person. However, he passed away in 2009, and did not want his identity to be revealed during his lifetime. Because he did not wish for his identity to be released during his lifetime, Robert Kiyosaki did not reveal his identity to the public. However, the books were published prior to the crash. When the real economy was in decline, people started selling their properties to make ends meet.

Robert Kiyosaki’s father did not know that his son had been interviewed on Oprah. He had a written agreement with the writer, but refused to say his father’s identity. However, the journalist managed to get in touch with him and spoke with him about his father’s story.

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