Rich Dad Poor Dad is an amazing book that gives us a glimpse of the life of Robert Kiyosaki, a successful real estate investor and a very wealthy person. In the book, Kiyosaki shares some valuable tips to help us achieve financial freedom. He talks about the importance of having a plan when it comes to money. Despite the fact that Kiyosaki is a successful entrepreneur, he is still a student of finance and has learned a lot of things along the way. His approach to money is something that we can all learn from.
Key ideas from the book
One of the first books I read was Robert Kiyosaki’s “Rich Dad, Poor Dad”. If you’re looking for the best way to get out of the rat race, this is your book. It’s packed with a lot of real life anecdotes and real life examples. The first few chapters are the hardest to read, but after that, you’ll be hooked.
In the book, Kiyosaki does a good job of demonstrating how he made his millions, including how he got his start as a harried telemarketer. But he also shows how he built his empire using smarts, hard work, and a little luck. Not bad for a kid who was born into the ’90s.
As a matter of fact, Kiyosaki has been dubbed the richest man in America, as well as the bestselling author of all time. He’s been a real estate mogul and a venture capitalist, but he’s still a hard worker at heart. You can’t say that about many people, but the best ones are out there.
Whether you’re a homeowner, investor, or both, this is the best resource to help you make your mark in a good way. Read it now!
Kiyosaki’s approach to money
Robert Kiyosaki’s approach to money is not for everyone. But it can make you a lot of money if you’re willing to follow his advice.
In his book Rich Dad, Poor Dad, Kiyosaki compares his own experiences with two fathers: one rich, the other poor. He also explains how his fathers taught him about money.
For Kiyosaki, the poor father told him to demand at least 25 cents an hour. His father then taught him about laws of counterfeiting. It was a learning experience that helped him develop the skills he needed for a career.
Robert Kiyosaki’s first project was not successful. However, his second project – which was a bit more lucrative – actually proved to be the one that changed his life.
After his eighth grade graduation, Robert Kiyosaki decided to get out of school and work. He joined the Marines and was a salesman for the Xerox Company. If his job didn’t pay him a raise, he would quit.
He later left Xerox to start his own business. By the time he was twenty, he had learned essential business and management skills, as well as international trade routes.
When the stock market crashed in the early 90’s, Robert Kiyosaki was short of cash. So, he began to buy houses for less than their worth. These homes became his investment properties.
Avoiding “what if” fears when investing in real estate
There are many factors to consider when deciding to invest in real estate. However, one thing to remember is that there are no guarantees in this game and there are risks involved. As such, a little caution goes a long way.
It is no secret that real estate investing requires a large amount of capital to begin with. Nevertheless, you don’t have to give in to fear. Instead, you have to look at how you can mitigate the risk. In the real world, you can do this by ensuring that you have the right training and education. If you take the time to learn about the nuances of the market and what the best investments are, you will be well on your way to a successful career.
While it is a no brainer that there is more to real estate than the traditional buy, sell and rent model, few people are willing to put their money where their mouth is. Luckily, there are a host of strategies to help you navigate the waters. Whether you decide to pursue a traditional buy, sell and rent model or decide to flip, you can improve your odds of success by following a few simple guidelines.
