The Rich Dad Poor Dad book summary focuses on the author’s personal experience. Mike is the son of Robert Kiyosaki. Mike and Robert have a common goal – to help others become financially free. Mike’s father has made this dream a reality for many of his readers.
Robert Kiyosaki’s father
Robert Kiyosaki’s father was not what one would consider to be a rich man. In fact, he didn’t even complete high school. His father was not financially literate, but he was very smart. He encouraged Robert to pursue a degree and work his way up the corporate ladder. He also emphasized the importance of job security.
Robert Kiyosaki’s father was a journalist, but he didn’t know it. Upon learning that the journalist had ambitions of becoming a best-selling author, he suggested she take a sales training course. Unfortunately, Kiyosaki accidentally offended the reporter, who was an English Literature graduate.
Robert’s father taught his boys to avoid fear and greed. He explained to Robert that most people live in fear. They are constantly worried about losing their money, which is why many parents and educators are urging kids to get a degree and secure a career. While the parents might think that earning more money is the best way to change your life, the truth is that most people are stuck in jobs they don’t like and are paid too little.
Robert Kiyosaki’s father is rich, but he didn’t have much money when he was a kid. In fact, his father’s job had been so boring that he was ready to quit. As a result, he had to wait for his father for 60 minutes.
In the book Rich Dad Poor Dad, Robert Kiyosaki’s father was short of cash in 1989. He had money in the stock market, but he couldn’t afford to buy a home, so he rented a house out to a professor in the local area. The rent he collected covered the mortgage. However, the real estate market picked up in the following year, and he sold the house for $95,000. The price he received was a bargain for the time being.
Rich Dad’s real life story has raised questions about Robert Kiyosaki’s authenticity. Although Kiyosaki stated that he based his book on his own life, the rich dad in Rich Dad Poor Dad is actually not Robert Kiyosaki’s biological father. The father is Richard Wassman Kimi, who is Robert Kiyosaki’s inspiration.
In Rich Dad Poor Dad, Robert Kiyosaki lays out the importance of financial literacy and his own experiences of becoming one of the richest men in Hawaii. Although he didn’t go to school, he was a successful businessman and grew his empire in every way possible. He drilled his son in the importance of financial independence and was opposed to the entitlement mentality.
Rich Dad taught his boys to look at their assets and their liabilities. They realized that children are assets, but that a house was a liability. While a child’s happiness is important, a house drains a father’s pocketbook. Similarly, in Rich Dad’s world, a house is a liability.
Mike’s father taught his boys to value money, and he taught them to be anti-racist. He also taught them to hate the “Rat Race” and the “Rich People.” He taught them to spend their time wisely by working at an ice cream shop for three hours on Saturdays. This taught the boys that money isn’t always about earning more money, but about using it to help others.
Mike’s rich dad and his son Robert worked for him as teenagers. They had meetings with professionals and learned about finance and management. Although his father dropped out of school at thirteen, he was already directing educated people. In the process, Robert realized that he was better educated than his poor dad, and began spending time listening to tax accountants, real estate brokers, and other professionals.
Robert Kiyosaki, the author of Rich Dad Poor Dad, agreed to an interview with Alan Kimi. Although he identifies himself as “Mike,” Kimi also says that he and Robert made a confidentiality agreement. In fact, Kiyosaki almost declined to appear on the Oprah show, citing a written agreement between them.
The book Rich Dad Poor Dad is written in the parable style of fiction. Robert Kiyosaki claims that he has no idea about investing, so Rich Dad Poor Dad is based on the life of one of his friends. Kiyosaki is a self-help author, motivational speaker, financial commentator, and financial literacy activist. He has appeared on several television shows, including Oprah and Larry King Live.