The book’s aim is to get its readers to shake their lazy ways of thinking and embrace more proactive wealth building strategies. While it isn’t a history lesson, Rich Dad, Poor Dad provides examples of how the mindsets of the rich and the poor differ. As the title suggests, both types of fathers have been successful in business, but the wealthier dad started much earlier and was much more entrepreneurial.
The best-selling book, Rich Dad, Poor Father, was written by Robert T. Kiyosaki and Sharon L. Lechter. It is about a man named Robert Kiyosaki’s life with two different fathers – a poor one and a rich one. Each father provided conflicting advice and helped Kiyosaki to build his financial future.
In Rich Dad, Poor Father, Robert compares the mindsets of two different fathers. The poor dad worked hard to pay the bills and his rich father didn’t go to school. But Robert soon realized that he had better financial literacy than his father. He had read books, studied and listened to financial experts. This realization led him to make the money work for him.
In his book, Robert Kiyosaki answers the question “Why are rich people so rich?” by pointing out the difference between assets and liabilities. While the poor spend their money on liabilities – items that don’t generate income – the rich spend their money on income-generating assets. Kiyosaki describes how to get ahead by learning from the rich. Ultimately, “Rich Dad, Poor Dad” is a must-read for anyone who wants to achieve financial independence.
Rich Dad, Poor Father tells the story of a man who built wealth through persistence. He went through many setbacks in life but stayed focused until he made his big breakthrough. He says that it is possible to create wealth by letting your money work for you. It is a good thing that Robert Kiyosaki has shared his experience to help others reach their financial goals.
Robert Kiyosaki’s father
If you have read the book Rich Dad, Poor Dad, you know that the first rule of money is to never depend on someone else to make money. Kiyosaki’s dad was a rich man, Richard Kimi, and he taught his son this lesson. While there is no direct evidence that the father of Rich Dad is Kiyosaki, some people believe he is.
As a young man, Robert Kiyosaki was the son of two fathers. His rich father was a successful businessman, and his father taught him entrepreneurship and savvy investing. As a young boy, Robert began dreaming of being rich. His early inquisitiveness paid off in the end, and he is now a successful businessman. Rich Dad explains how he achieved his success, and how everyone can do the same.
After a few weeks of working for Mike’s father, Kiyosaki demanded a raise from his boss, who told him to work for free. In the weeks that followed, Kiyosaki and his boss met with Mike’s father, who apologized for not paying his son. He offered a lesson about money, and even gave the boys pay raises. This lesson was a great motivator for Robert and the book helped him become a successful businessman.
Robert Kiyosaki’s financial IQ
Financial IQ is a key part of wealth creation. In this book, Robert T. Kiyosaki defines financial intelligence and explores the five forms of financial intelligence. He explains how to develop financial intelligence, dispels myths about finance, and provides valuable knowledge that can jumpstart your career as a savvy entrepreneur. Without proper financial education, you won’t be able to take advantage of all of the opportunities that come your way.
Unlike most books and courses, Robert Kiyosaki’s book is not a “get rich quick” scheme. This is because it focuses on the money-making process and teaches the value of learning how to use money. Rather than focusing on the end goal, Kiyosaki focuses on solving problems one at a time. You can learn to improve your financial knowledge, build a solid budget, and leverage money to increase your income.
In investing, you must learn to identify trends, understand rules, and verify the information. A high financial IQ will allow you to take advantage of rules and opportunities more frequently. Those with financial intelligence have a passion for their work and are not afraid to use their knowledge. Unlike the average person, however, most people simply play the money game in order to avoid losing money. They don’t even know they’re playing the money game.