Rich Dad Poor Dad Book Summary

Rich Dad Poor Dad book summary

The Rich Dad Poor Dad book summary offers a concise and comprehensive review of Robert Kiyosaki’s popular book. It includes informal notes and favorite quotes. Readers who are unsure of whether this book is right for them will appreciate the wealth of information offered. Whether or not this book is right for you depends on your goals and your financial situation.

Robert Kiyosaki’s father

Rich Dad, Robert Kiyosaki’s father, was an entrepreneur who taught his son about money and success. Kiyosaki had been frustrated by the fact that his friends were all rich and he couldn’t help them. He went to see Rich Dad, who was building a business empire, and he agreed to teach his son the secrets of money and success. He began teaching his son by giving him basic jobs in supermarkets.

Rich dad taught him to specialize in no one area, but to have multiple streams of income. He had Robert work in various areas, attend meetings, and learn about every aspect of building a business empire. He wanted to make sure he had a diverse knowledge base.

Rich Dad’s story is a powerful one, but it isn’t all about his own success. The real Rich Dad was Richard Kimi, who passed away in 2009. His identity was not revealed during his lifetime, but Kiyosaki didn’t want to hurt his reputation. However, there are several key lessons to be learned from his experience. While most people work 40 hours a week to make a living, they spend that money on things.

Robert Kiyosaki is a self-published best-seller and has a net worth of $80 million. He is an entrepreneur with investments in retail, education, and information technology. He also has a business in real estate. Kiyosaki lives in Phoenix, Arizona.

As a child, Robert was taught to understand the truth about money. His father taught his son not to be greedy but to be educated. He learned that he did not have to earn lots of money to be rich. In fact, he grew up learning to value money in a way that would change his life.

Rich Dad is fictional, but Robert Kiyosaki has stated that he did not know Rich Dad’s real name. He also said that his father has passed away and is a cripple. His family did not want his identity made public. However, it was revealed that Rich Dad’s real identity is a composite character based on the writer’s influences.

Robert Kiyosaki’s father had a business and lived in a small house in Portland, Oregon. In 1989, after the market crash, Portland real estate was not selling well. Robert Kiyosaki often jogged through a neighborhood of gingerbread houses that had many for-sale signs.

Robert Kiyosaki’s father tried to teach his son about money and investing by giving him $3,000 for a car. The son was unable to use the cash directly so he started learning about the stock market and lost $2,000 in the process. The message of Rich Dad Poor Dad is still relevant. It’s vital to have financial literacy in order to build wealth for the long-term.

Robert Kiyosaki’s father was a real estate investor. He paid $45,000 for a home that was worth $65,000. He rented it to a local professor and made $40 a month after expenses. After a few years, the market recovered and he sold the house for $95,000. He then used the money from the sale of the house to purchase a 12-unit apartment. Kiyosaki deferred the capital gains on this apartment and sold it for $495,000 two years later.

Richard left six ideas for Robert. His first idea was to not work for money, but make money work for you. This concept was hard to digest for Robert, and he didn’t understand the advice at first. However, he soon understood that by buying businesses and managing them, he wouldn’t even need to be present in them. That way, he could achieve success without his physical presence.

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