Rich Dad Poor Dad – Is it Worth Reading?

Is it worth reading Rich Dad Poor Dad

Whether you’re considering Rich Dad Poor Dad for your next vacation or just curious about it, there are a few things you should know before diving into this popular book. It’s important to remember that Rich Dad Poor Dad is a memoir, so the book is filled with personal stories. However, it’s not all mushy and emotional. It’s also packed with useful information for those who are looking to improve their financial position.

The story of Kiyosaki’s two fathers

During his early years, Robert Kiyosaki had two fathers, and he has always compared them. Both of them were struggling with money at the beginning of their careers. One was a Ph.D. with a job in a big company, while the other had a mediocre education, and didn’t finish eighth grade.

Neither of them had a large house or an expensive car. The man Kiyosaki met had a convenience store chain and a construction company. He worked long hours to build an empire. He gave lots of money to charities.

The other man was the father of Kiyosaki’s best friend. He had a business empire and wanted to teach his son how to make money. The father said he would pay 10 cents an hour for three hours each Saturday.

The other man gave Kiyosaki a check to buy a car indirectly. The father wanted to teach his son about investing in stocks.

Kiyosaki worked in the Marines. He had about a million dollars to invest in the stock market. But the stock market crashed.

Kiyosaki left the marines and started his own business. He worked with Keith Cunningham, the same age as Robert Kiyosaki. Their first business sold surfer-style nylon wallets. Their first project didn’t work, but the two men brainstormed ways to make money. Then the real estate market started to pick up.

Kiyosaki’s financial IQ

Whether you have read Rich Dad Poor Dad or not, you have probably heard of Robert Kiyosaki. He has written several books relating to the financial industry. He is also a well-known investor.

Kiyosaki has a knack for making financial knowledge accessible to the average Joe. He has been instrumental in raising the financial literacy of people around the world. He also has written books aimed at educating children about finance.

Rich Dad’s Increase Your Financial IQ is the latest addition to the Rich Dad series. The book contains solutions for making better financial decisions and processing financial information. The author stresses the importance of action and feedback to help you to become more financially savvy.

Kiyosaki’s book is segmented into ten chapters. Each chapter covers a different topic related to financial intelligence. The book also uses examples, stories, and a few gimmicks to highlight the best ways to increase your financial knowledge.

The author has been known to make a few controversial claims. For instance, he claims to be worth $100 million. He has also filed for bankruptcy. This fact has brought into question his business acumen. He also makes the case that there are more predators in the finance industry than there are people trying to get rich.

Conclusion

Probably one of the best financial books ever written, Rich Dad Poor Dad has been translated into over a dozen languages, and has sold over 35 million copies. It is considered a’must read’ for anyone looking to improve their financial status.

Robert Kiyosaki’s book is a rebuttal to the old adage, “money doesn’t grow on trees,” and instead focuses on the concept of spending judiciously and making the most of your money.

The book is based on the author’s experiences with two different fathers. One was a poor guy who spent his life trapped in the rat race; the other was a rich guy who was able to acquire assets that grew in value.

Interestingly, the rich dad’s approach to money was based on making money work for him, while the poor guy’s approach focused on working hard to pay the bills.

The author learned which approach made the most financial sense from both of his fathers.

The most important lesson the author learned from his fathers was the importance of financial education. The author learned that his rich father had been an expert in the game of investing and that his financial acumen was matched by his poor counterpart.

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