Rich Dad, Poor Dad teaches us lessons from both sides of the fence. In the same way we can learn from our own parents, we can also learn from our own fathers, so that we may be able to make better decisions in the future. The author discusses his experiences as a second father and the importance of taking risks in life. He also says that we should avoid specialization and focus on generalized activities.
Kiyosaki’s experience of having two fathers
Robert Kiyosaki discusses his experiences growing up with two different types of fathers. His first father was well educated and the other never completed eighth grade. While they may seem like opposites, they have similar views on money and how to become rich. He suggests working with experts and developing financial literacy, which are both essential components of wealth-building.
Kiyosaki’s biological father was highly educated, but he could not teach his son how to become rich. Fortunately, his best friend’s father was already wealthy, and he offered to be his mentor. The rich dad agreed to teach Kiyosaki about money and business, offering to give the boy basic jobs at small grocery stores. Even though this meant missing out on softball games, Kiyosaki grew up with two fathers who taught him how to earn money.
Kiyosaki’s experience with two fathers was a source of inspiration for his work. Although he didn’t directly interview him, he did give journalists the contact details of Rich Dad’s son. Kiyosaki and Kimi later remained discreet about who the real Rich Dad was.
Robert Kiyosaki’s advice to be financially smart
The advice to be financially smart comes from a man who has experienced a lot of financial difficulty in his lifetime. Kiyosaki was raised by two different dads, one with a Ph.D. and one who didn’t even finish the eighth grade. His first father struggled with money, but later became the richest person in Hawaii. He often compares himself to his father, noting that both had to deal with money problems early on in their lives.
When Robert was in his twenties, he was a sales representative for Xerox. As a young man, he was able to observe his bosses’ conversations about promotions and raises, but the deductions were rising at an alarming rate. Robert became frustrated, and eventually quit his job. But he learned from his experience and took his own advice. He began working harder at selling Xerox machines.
Although Robert Kiyosaki is a financial genius, his ideas are often controversial. While some of his ideas may seem far fetched, they give a window into his mind. One of his ideas on the question of how rich people can become rich is to invest their money in business. His belief is that people who are rich are those who create businesses to solve problems and make money. By contrast, everyone else has limited time.
His advice to take risks
If you’re looking for financial advice, Rich Dad, Poor Dad can be an excellent resource. The book, published in 2006, has been translated into 51 languages and has been a New York Times bestseller for six years. The book also contains several additional financial tips. It recommends taking risks, such as investing in real estate with no down payment, and learning new skills to increase your income. However, critics have noted that the book contains too many “wrong” advice.
While the author tries to make his book as obtainable as possible, there are still some things that readers should keep in mind. The most important thing to remember is that the book is not about getting rich overnight. It’s about making money work for you. It’s true that you don’t need to be rich to start a business or invest in real estate. Rich people have assets to invest in, while poor people tend to collect liabilities.
A big mistake that most people make is confusing their profession with their business. Kiyosaki notes in Rich Dad Poor Dad chapter 3 that people often confuse their profession with their business. However, he is not an expert in the field and has written a book to motivate readers, not offer financial advice. In fact, his advice is based on his own experiences.