I’m going to start with the book’s unique perspective on money. Kiyosaki discusses his first job as a boy, and the lessons he learned from his father and Rich Dad. Most people start their careers as employees, making money for their employer. However, there are always risks associated with a job, and the employer always decides how much you make. In Rich Dad Poor Dad, Kiyosaki explains why this is not a good idea.
Robert Kiyosaki’s father
The rich father in Robert Kiyosaki’s book, “Rich Dad, Poor Mom,” told his sons not to specialize and to learn about various fields. Instead, he made his sons attend meetings and work in different departments in order to learn about every aspect of creating an empire. This advice was backed by Kiyosaki’s own experiences. Even as a child, Kiyosaki grew up with an entrepreneurial spirit.
During his childhood, Robert Kiyosaki was raised by two “dads,” one a middle class father and one a rich friend. As a result, the author learned that the rich don’t work for their income, but buy assets to make them rich. This is a lesson he still employs today. This philosophy is a key part of Rich Dad, Poor Mom.
In Rich, Poor, and Ugly, Kiyosaki’s father was a real estate broker in Portland, Oregon. He paid $45,000 for a home worth $65,000, and rented it out for $40 a month after expenses. Then, when the market recovered, he sold the house for $95,000, and used the money to invest in a 12-unit apartment building. The house sold within minutes, and he paid $2,500 in processing fees.
Kiyosaki’s friend’s father
Robert Kiyosaki is a successful entrepreneur who had two fathers. The older of the two, a rich man, had taught him how to make money and prosper. At a young age, he developed an interest in business and began to dream of becoming rich. He started a small business and was very inquisitive about the world around him. As a result, his early inquisitiveness paid off.
Despite his childhood disappointment, Robert Kiyosaki asked his father for help and advice on how to make money. He shared his frustrations with his best friend, Mike, and eventually, they conceived of a brilliant idea. They had a plan to melt toothpaste tubes and sell them for profit. Mike’s dad suggested that they approach Robert’s friend’s father, Richard Kimi, who owns multiple businesses in the town. The two men bonded over their mutual love of business.
Robert Kiyosaki is the author of the best-selling personal finance book, Rich Dad, Poor Dad. Its author, Robert Kiyosaki, has revealed that Kimi is based on a real person, Richard Kimi. His book has changed the lives of millions of people. Kiyosaki has appeared on Oprah, Larry King Live, and Bloomberg International Television.
Robert Kiyosaki’s own father
A resonant theme throughout “Rich Dad, Poor – How to be Rich Like Your Father” is that we should follow in the footsteps of our parents. Robert Kiyosaki was nine years old when his rich friend Jimmy invited three of their mutual friends to his parents’ beach house to celebrate a birthday. Kiyosaki, however, was very poor and asked his father how to become rich. His father told him to “use your head!”
The author Robert T. Kiyosaki is a former banker and is now a self-made millionaire. He grew up with two fathers, one biological and one adoptive. One father was highly educated and completed an undergraduate degree in two years. The other father never finished eighth grade and struggled with money. Despite their differences in background, Robert Kiyosaki went on to become one of Hawaii’s richest people, and has written several successful books.
At first, Robert Kiyosaki thought his father was a good example. His father told him to demand an extra twenty cents per hour, then quit if the boss wouldn’t give him a raise. However, after two weeks, Mike’s father cut his pay and told him to work for free. He eventually decided to confront his father for a pay raise and met Rich Dad’s father.