The book Rich Dad Poor Dad shows you how to properly manage money. Unlike the consumer culture we live in, where money is synonymous with better things, this book teaches you how to spend your money wisely. The first lesson is to be frugal and save your money for the things you really want.
Robert T. Kiyosaki
After reading Rich Dad Poor Dad, I can see how my mindset changed. I started to see opportunities where I had no money before. I was tired of working for not enough money. This is what most of us feel. Even after increasing our income, we still don’t feel we have enough money to do the things we want.
The author Robert Kiyosaki learned about money from two different fathers who had different perspectives on money. One was a Ph.D., and the other didn’t even finish high school. One struggled with money, while the other became the richest person in Hawaii. Kiyosaki often compares his two fathers to one another. Both fathers had financial struggles early in their lives.
“Rich Dad, Poor Dad” is a best-selling book by Robert Kiyosaki, which first came out in 1997. It has since been translated into dozens of languages and sold all over the world. It’s one of the most popular books in personal finance. It teaches people how to manage their money and become rich. It dispels the myth that you need a high income to be rich. Kiyosaki teaches readers how to invest their money wisely, develop a sound financial literacy, and build a business.
The author, Robert Kiyosaki, once bought a house for $45,000 and lived in it for six years, then paid off the mortgage and rented it to a professor for an additional $40 a month. Then, when the market rebounded, he sold the house for $95,000. The money he earned from selling the house was then used to buy a 12-unit apartment. The real estate value of the apartment was over $300,000. Kiyosaki made his first million after selling it for $425,000.
Robert Kiyosaki began his career selling, and it’s not only a good business. He became a top salesperson for Xerox, where he learned the art of sales. But his father wasn’t a fan of Kiyosaki’s selling, and he ended up importing wallets from Korea.
Rob Kiyosaki and Sharon Lechter’s Rich Dad Poor dad was a groundbreaking book published in 1997. It advocates financial literacy, real estate investing, and starting a business as a way to build wealth and achieve financial independence. The two authors also emphasize the importance of financial intelligence.
Kiyosaki is a popular financial guru during the housing bubble, but his advice was questionable. The two authors teamed up to write the best-selling book Rich Dad Poor Dad, which was on the New York Times bestseller list for 10 years. The book was criticized for peddling questionable advice, but the book remains an enduring classic. The authors also co-founded the company Rich Dad Poor Dad and developed its concept into a thriving financial literacy education empire.
A CPA and Chartered Global Management Accountant, Sharon Lechter is an international champion for financial literacy education. She is also an entrepreneur, author, and philanthropist. In 2008, she was named a member of the President’s Advisory Council on Financial Literacy. Lechter graduated from Florida State University with a degree in accounting in 1979 and worked for a small accounting firm before joining Robert Kiyosaki’s company in 1984.
The author lives in Paradise Valley, Arizona, with her husband, Michael Lechter. Both are active in philanthropy and serve on the Business Advisory Board of EmpowHER, a non-profit dedicated to women’s health and wellness. They also spend time at a dude ranch in Arizona called Cherry Creek Lodge. Sharon is a passionate philanthropist and has received numerous awards.
In addition to educating the next generation on money and investing, Rich Dad Poor Dad is a valuable tool for parents and individuals alike. If you want to improve your financial life, you need to change the way you think. You cannot change your circumstances, but you can change your mindset and make it better. Read books, attend seminars, and develop your financial intelligence.
Rich Dad Poor Dad is written in the style of parables. Although it is based on Kiyosaki’s experiences, it is not directly about his life. Kiyosaki’s father accumulated wealth through entrepreneurship and savvy investing. By focusing on his experiences, Kiyosaki demonstrates that you do not need a high income to be wealthy.