Rich Dad Poor Dad is an inspirational book that will show you how to make money, but it also teaches you to be patient, and to be humble. The book is full of teachings, characters, and a story that is so true to life that you’ll never forget it. It is definitely worth reading and following the advice.
Conclusion
Rich Dad, Poor Dad is one of the most popular financial books of all time. It explains the difference between rich and poor people, and how to change your mindset in order to achieve your goals.
Robert Kiyosaki is the author. He grew up with two dads, one rich and one poor. Both of them taught him a different approach to life and money.
When Robert was a kid, his biological father was a poor man, but he was very intelligent. His father always worried about money. However, he never made much money.
Kiyosaki’s poor father had a job as a schoolteacher. He made enough to pay for his bills. But he always yearned to make more money.
Eventually, his father left the school and worked in the fields. However, he couldn’t find work in his field. So he jumped from career to career, chasing promotions that weren’t enough to meet his needs.
Characters
Robert Kiyosaki’s Rich Dad Poor Dad is a self-help book that teaches readers how to achieve financial independence and financial security. It tells the story of two influential fathers and their impact on the author’s life.
One of the main characters of the book is the author’s biological father, who is poor. While the other, Rich Dad, is a business owner and highly educated man.
The author learns a lot from both of them. For example, Rich Dad teaches the reader how to make investments, how to make money work for you, and how to organize people.
Meanwhile, Poor Dad was preoccupied with promotions, insurance, sick leaves, and salary raises. He didn’t think that he would ever be rich. Eventually, though, he realized that he had more money than he could possibly spend.
Teachings
If you are looking for some tips on how to become rich, you should try reading Robert Kiyosaki’s Rich Dad Poor Dad. This book is considered as the best personal finance book of all time.
In this book, Robert Kiyosaki tells about the lessons he learned from his rich dad and poor dad. These lessons are based on the differences between their views on money. Those who became rich were not born rich, but they were able to acquire and use their assets to become rich.
One of the most important lessons in the book is the difference between the asset and liability. It is a fact that most people confuse the two.
Another lesson is that knowledge is not always the key to success. While knowledge is crucial, it is more powerful when it is used in conjunction with action.
Rat race parable
The rat race may seem like a gimmick to some but to others, it is a way of life. The rat race is a never-ending cycle of earning money. People in the rat race think that having money will solve all of their problems. This belief leads to an ever-increasing bill load and a suffocating lifestyle.
It is not a myth that greed drives most human behaviors. But the rat race demonstrates that fear also plays a key role. Even rich people are not immune to the power of fear.
The rat race is not a good thing. In fact, it can lead to a vicious cycle of debt, short-term joy, and long-term regret. To survive, you need to first gain awareness of the problem. After that, you will need to develop some knowledge, skills, and assets to ensure a brighter future.
Cynicism vs fear
Rich Dad Poor Dad by Robert Kiyosaki is a book which focuses on the habits and mindsets of rich and poor people. It is written from the perspective of the author’s own father, who is both a rich and a poor man.
In this book, the author compares his two dads and learns from the differences. As a result, he was able to learn which of the two approaches to money made the most sense.
Rich Dad’s approach to money was based on making it work for him. He worked hard at his job and was preoccupied with other things like vacations, sick leaves, and company insurance. This is how he ended up trapped in the Rat Race.
On the other hand, the Poor Dad’s approach to money was based mostly on working hard to pay the bills. He was also occupied with promotions, salary raises, job tenure, and Social Security.
