Is it worth reading Rich Dad Poor Father? The first thing I noticed after finishing the book was the author’s personal story. His father wasn’t a wealthy man, but he taught his sons about money through real-life experiences. I was intrigued by this and wanted to know more. Read on for more about his life. This book is a must-read for anyone who wants to learn about personal finance.
Rich Dad Poor Dad was Kiyosaki’s best friend
Robert Kiyosaki grew up with two fathers. One was an educated man who finished his undergraduate degree in two years and became Hawaii’s richest man. The other father struggled with money and never finished eighth grade. While his father was the better educated one, his other father struggled with money. Kiyosaki often compared the two fathers and stressed the importance of financial independence. Unlike the “rich dad” mindset, he didn’t allow the government to tax him.
Robert Kiyosaki was very careful not to give away his real-life father. Many fans suspected that the father in the book was a fake. The father in the book, Richard Kimi, passed away in 2009. Kiyosaki only revealed his real-life father in 2016 when the media pressed him to do so. Richard Kimi, Kiyosaki’s father, had accumulated his wealth in the hotel industry and lived right down the street from him in Hawaii.
Despite claims to the contrary, Kiyosaki’s personal experiences and the experiences of other people are based on real-life accounts. He argues that “reality is the best teacher” and that his best friend, the father of Rich Dad, is actually a real-life man who has changed millions of people’s lives. In addition to a million-plus copies of Rich Dad Poor Dad, it’s currently the sixth-bestselling book on Amazon.
He was not wealthy
If you’ve ever read a self-help book, you’ve probably heard of the “Rich Dad, Poor Father” myth. But did you know that the author of the book was not wealthy? In reality, Robert Kiyosaki is a non-accredited CPA, and his book was written with the help of his partner, Sharon Lector, a real CPA. Kiyosaki and Lector split up in 2000.
Ultimately, the secret to success lies in the belief that you should only work for yourself. After all, the rich are self-made, while the poor are not. That’s a common misconception, and it will take a lifetime to build a fortune. The best way to avoid this mistake is to invest in your own business. However, this may not be enough. You should also consider how much of your money you spend on the car.
The biological father of Kiyosaki was not wealthy. He graduated from an elite university, but was unable to teach his son how to become wealthy. Kiyosaki sought a mentor and found a friend’s father. His father was building a business empire, and agreed to teach his son how to earn money. Eventually, the two boys were working at small grocery stores and losing money every day.
He taught his sons about money through real-life experiences
One of the most powerful lessons that Rich Dad taught his sons was that fear and greed control our behavior. Those who follow safe routines will probably be trapped in a rat race. Those who master money can escape this cycle. But how do we master money? Read on to learn about how Rich Dad taught his sons about money through real-life experiences. After all, money is an essential part of our lives.
As a child, Robert and Mike worked with a rich father, who was not only rich but also educated. He listened to financial experts and read books. Although Robert was not as financially-literate as his father, he realized that he had a much greater knowledge of money than his father. This realization triggered a change in Robert’s own behavior, and he made the decision to invest in real-life education.
In Rich Father, Poor Father, Robert Kiyosaki compares the habits and views of his two fathers. While the author grew up with a middle-class biological father, he grew up with a rich friend’s father. In fact, he believes that the secret to becoming wealthy is not a high-income level, but rather, learning to make money work for you. Rich people don’t work for their income; they work for their assets. Poor people have to work for their income.