The Rich Dad Poor Dad book summary provides the reader with an overview of the author’s advice, as well as some of his own. Robert Kiyosaki shares some of his own insights about his father, including his financial IQ and attitude towards taxes. You will also learn about Robert’s experiences while working with his rich dad.
Rich Dad’s advice to Robert Kiyosaki
Robert Kiyosaki, the author of the best-selling book Rich Dad Poor Dad, began learning about money when he was nine years old. Growing up in Hawaii, he was part of a middle-class family. As a result, he often felt left out by his more wealthy friends. He and his younger brother Mike turned to their fathers for advice.
Robert’s father encouraged him to get an education. His dad believed that higher education would lead to greater success and more money. In fact, doctors often specialize in one field after graduation, allowing them to earn more money. Robert followed his father’s advice, and began learning at a young age.
Robert Kiyosaki’s advice to people who want to make a lot of money is simple: work for it. His father, who was an entrepreneur, taught him the importance of hard work and earning an income. He also stressed that one does not need a lot of money to be rich. Rich people make their money work for them. In contrast, the poor and middle-class people work for their money. As a result, they end up with lots of assets and liabilities.
His father’s financial IQ
The book Rich Dad Poor Dad’s Financial IQ is a great guide to increase your financial IQ. This book teaches you the five major forms of financial intelligence and how to utilize them for your benefit. It will help you to understand how to manage your money to make the most money possible.
Financial IQ is the ability to solve problems with money. The author of the book stresses the importance of courage and taking action. After all, entrepreneurs and investors are the ones who take risks and take action. But in order to improve and evolve in this market and environment, it’s important to get feedback from others.
His father’s attitude towards taxes
Robert Kiyosaki’s book Rich Dad Poor Dad is a must-read for people interested in personal finance. The book offers a unique perspective on money, highlighting the attitudes of the rich and the poor. It is a highly successful formula that has helped many people achieve financial independence. Among the topics covered in Rich Dad Poor Dad is the issue of taxes.
Initially, taxes started in England and America as a way to pay for wars. They became permanent in both countries in 1874 and 1913. At first, taxation was reserved for the rich. But as time progressed, middle-class people had to shoulder the tax burden. However, the rich were smart and had sophisticated tools to deflect taxes.
One of the biggest differences between the rich and the poor is the attitude towards money. The rich approach to money relies on investing, while the poor approach involves spending money on bills. The poor approach is based on the premise that the money is not for you.