If you are thinking about reading Rich Dad Poor Father, you may be wondering what to expect from it. The book is an intriguing tale of a man with two fathers, one his biological and the other his childhood friend Mike’s. The author shares his experiences with both of them and discusses how he learned to live by their different financial approaches. The book has a wealth of financial advice and information that can help you make smart financial decisions.
If you want to make money, you need to have a “Rich Dad” who knows how to build a business. Rich Dad teaches you through experience. Robert grew up in the mid-1980’s working for Xerox. He would listen to his bosses talk about how they were being promoted and how their deductions were going up. As a result, he decided to follow the rich dad’s example and work harder to sell Xerox machines.
When Rich father first wrote the book, it was a time when the stock market had been on a downward trend for over thirty years. As a result, it was a good time to invest in real estate and small cap stocks. These investments have a higher rate of return than stocks. Rich dad’s financial success is not based on getting someone else to pay you; it’s your ability to make money and build a business.
Robert Kiyosaki’s financial philosophy
In his 1997 book “Rich Dad, Poor Dad,” Robert Kiyosaki proclaimed that “no one ever got rich by working their fingers to the bone.” Although he acknowledged fictionalizing stories, the author’s story reveals the struggles of a father who dropped out of high school and struggled to make ends meet. In contrast, his friend’s father became a successful businessman. Despite this, many people are still skeptical of Kiyosaki’s philosophy.
Kiyosaki’s financial philosophy has come under fire from some quarters, including his wife, a real estate investor. Although she may not have been a financial genius, she did invest in basic things, such as buying a home in Phoenix. Indeed, her investment may have returned about as much as a typical Phoenix homeowner. And she didn’t even buy the fanciest houses.
Robert Kiyosaki’s father
The story of Robert Kiyosaki’s father is one of the most inspirational stories of the 2000s. It shows how one man was able to achieve success in life, despite his circumstances. At age nine, he and his brother Mike decided to start a counterfeit nickel business. To do this, they made plaster molds of nickels and melted lead toothpaste tubes. These molds were then used to create lead nickles. The business was a success, and Kiyosaki and his brother Mike worked for free. Eventually, they were invited to meet Rich Dad and he gave them the lesson they needed.
The rich dad was a Stanford-educated PhD. He was an entrepreneur who employed thousands of people in his local community, and maintained a level of financial independence. The book presents a counter-argument to the conventional wisdom of work for salary and taking calculated risks. Robert Kiyosaki’s father demonstrates the importance of identifying your passions and understanding your limitations.
Robert Kiyosaki’s approach to money
If you’re interested in making more money, you should read Robert Kiyosaki’s approach. The author, who has become famous as “Rich Dad,” has spent the last two decades spreading the wealth message. Many people are trapped in thinking patterns that prevent them from creating wealth. While rich people and entrepreneurs are able to recognize both the rewards and risks of entrepreneurship, the vast majority of people are stuck in the same mindset.
Growing up, Robert and his dad worked as teenagers. One of them got his Ph.D. and completed his undergraduate degree in two years, while the other didn’t finish school. Both had struggles with money, but both became wealthy. Eventually, Robert and his father met and realized that they had more financial literacy than their fathers had. They spent time talking to real estate brokers, tax accountants, and bankers.