In Rich Dad, Poor Dad, the author outlines the story of a person who grew up with two fathers: his biological father and childhood best friend Mike’s rich dad. The two men had different approaches to life and the author learned from both. The book offers insight into which approach was more financially practical.
Rich Dad’s goal was to learn how money works
In the book, Kiyosaki compares the lives of the rich and poor. He points out the differences between their habits and views on money. In his own life, he attributes his financial acumen to conversations with his rich father. Kiyosaki uses examples throughout the book to emphasize his points and makes his message very clear. He also takes a pro-capitalist stance, which is something that may surprise some people.
Rich Dad explained that he believed that learning the truth about money is the best way to avoid being controlled by greed and fear. Fear is the number one motivator for most people, including him, and most of us are conditioned to believe that more money is better. While it’s true that higher incomes can bring more wealth, it does not solve most of our financial problems. In fact, most people are stuck in jobs they don’t like and make little money.
Rich Dad Poor Dad‘s goal was to show us how to make our money work for us and help us get rich. The book contains ten chapters, plus an introduction. I will concentrate on the first six lessons in this review. Throughout the book, Robert Kiyosaki explains the difference between assets and liabilities and explains how to use them to create wealth. Ultimately, this book will help us learn how money works, and the difference between wealth and poverty is very real.
Robert Kiyosaki, the author of Rich Dad Poor Dad, first wrote the book to encourage his readers to pursue their goals. He also notes in chapter 3 that most people confuse their profession with their business. Rich Dad Poor Dad is a motivational guide for beginners who wish to improve their financial situation.
Rich Dad’s advice to Robert
Rich Dad and Poor Dad are very different characters. Their ideas on money, investing, and employment are very different. But Robert has taken their conflicting views and challenged millions of people worldwide to find a path to financial freedom. This is the story of Robert’s experience growing up with his father.
Rich Dad Poor Dad is one of the most popular books on personal finance. It tells the story of two fathers – one of whom is Robert’s real dad and one who is his best friend’s rich father. Robert’s real father was a well-educated employee all his life, while his friend’s rich father was the opposite. The difference in the two fathers’ values and their approach to life and money is profound.
Robert Kiyosaki’s biological father was an educated but traditional man, with an old-fashioned mindset. As a result, Robert’s family was never financially independent. He received conflicting advice from his father and his rich dad, but ultimately decided to follow the advice of Rich Dad.
Robert’s father had two different types of fathers, one of whom was an academic with a Ph.D. while the other one didn’t finish the eighth grade. One struggled with money while the other became the richest man in Hawaii. Robert often compared his fathers to each other. Both had financial struggles early in their careers. As a result, Robert learned how to make money by following the advice of his rich father.
Rich Dad’s advice to Mike
Mike is a character in the Rich Dad, Poor Dad series. He is 9 years old, frustrated by the rich kids in his school, and wants to make his dad’s money. His father runs a convenience store, and the two boys work there for ten cents an hour. During Saturdays, the store is closed, so the boys must work during the weekdays. But, the boys don’t want to work on Saturdays because they have to pay their bills.
The advice Mike received from his father was to learn from his dad. Mike’s dad was rich, but his father had never graduated from elementary school. His father owned small stores, warehouses, restaurants, and a construction company. Mike’s dad believed in financial education, but did not follow the conventional investment and career strategy.
Despite the fact that Mike waited a long time to meet the rich dad, the experience gave him some valuable life lessons. His rich dad explained to Mike that passion comes from love and anger combined. It is not necessary to be a millionaire in order to become rich; wealth comes from owning things. After all, you don’t get rich with salary. But, the rich dad showed Mike that he could make money by working hard and taking risks to make it work for him.
In addition to the book Rich Dad, the series contains a video on YouTube where the author, Robert Kiyosaki, talks about his real-life experiences. He also talks about the socialist Buckminster Fuller. He describes his father in the Rich Dad series, but doesn’t say whether he was actually influenced by him. In an interview with a journalist, Kiyosaki referred to a “rich dad” with the same name and background. He also revealed that the Rich Dad had a son named Mike. This person agreed not to reveal his phone number to the journalist.