Rich Dad Poor Dad is a book that has been a huge success and it continues to be popular among many people today. This is because it contains a lot of tips and ideas for people that want to be financially free. You can read on to learn about some of the key principles of this book.
Real estate
Rich Dad, Poor Dad by Robert Kiyosaki is a book that discusses the difference between the way rich people and poor people think about money. It is a great read for anyone interested in getting on the right financial path.
In Rich Dad, Poor Dad, Kiyosaki compares his own experiences to those of his biological father, a poor man, and his best friend’s father, a rich man. He describes how his two dads’ approaches to money led them to different financial success.
One approach is based on hard work. The other approach relies on paying bills and not worrying about the future. While both are useful, the author learns that one approach works better for him.
Initially, his educational system taught him that an asset is something you own. But he learned that the true definition of an asset is that it is positive cash flow every month.
Small-cap stocks
Rich Dad Poor Dad by Robert Kiyosaki is a must read if you’re serious about financial success. The book is full of statistics and the author uses examples to drive his message home. In short, it’s a crash course in how to manage your money with minimum hassle. You’ll be able to learn how to invest your money wisely and get more bang for your buck.
The book covers the standard suspects: real estate, investing, and the stock market. But it doesn’t stop there. It also discusses the most important component to your financial well being, your mind. For instance, you might have a million ideas for your next business venture, but if you can’t remember the names of the people who helped you to put those ideas into action, your chances of success are slim.
Kiyosaki’s father
Rich Dad Poor Dad was written by Robert Kiyosaki and it relates the difference between rich and poor mindset. It is not the first book to focus on the topic of money, but it is the only one that is primarily aimed at a young audience.
Kiyosaki grew up with two fathers. One of them was a wealthy and intelligent man who believed in hard work. He was also a military veteran.
The other father, who was considered a poor guy, lacked financial education. He didn’t finish eighth grade. When his parents found out that he couldn’t afford a car, they gave him $3,000 to buy a car indirectly.
After Kiyosaki joined the Marines, he started working for Xerox. He was a top salesman and was soon one of the five most successful people in the company.
