Before deciding whether to read Rich Dad Poor Father, it’s worth knowing a little bit about Robert Kiyosaki. Is he really worth your time? How about his father and friend? Can you get the same results as the author? Here are some of my thoughts. And I don’t necessarily agree with him. I just wanted to get the information out there! I hope that this article will help you decide whether to read Rich Dad Poor Father.
Robert Kiyosaki’s Rich Father, Poor Father program aims to make you wealthy by following the same principles that the rich have used to build their fortunes. According to Kiyosaki, most people confuse their assets and liabilities. For example, houses are assets, but they don’t generate income. Many people buy the fanciest home available, leaving them with no money to invest in real assets. Robert Kiyosaki explains the difference between assets and liabilities in a short video. He emphasizes that people should keep their expenses and liabilities low, and buy real assets instead of financial securities. He states that income generated from assets can be used for other purchases, such as cars, boats, or homes.
According to the author, the key to financial independence lies in developing a financial IQ. Kiyosaki’s bestselling book originated from a brochure he wrote for his CASHFLOW 101 board game. This brochure was later used as the basis for Rich Dad Poor Dad. The book was initially self-published with just 1,000 copies, but it became an instant bestseller after Kiyosaki used his connections to promote it.
In his own life, Kiyosaki had two fathers. His biological father was wealthy, but he couldn’t teach his son the secrets of money. Fortunately, he found a mentor in his friend’s father, a “Rich Dad” who had built a successful business empire. After convincing his dad, Kiyosaki’s best friend Mike to start a business with him, the two boys became extremely wealthy overnight.
Robert Kiyosaki’s father
In the book, Robert Kiyosaki tells the story of his own father and the rich man he idolizes. Robert’s father was poor when he was a child, but after completing his undergraduate degree, he made a lot of money. His father was able to do this by investing in real estate, selling Xerox machines, and taking advantage of the high tax rate in Hawaii.
According to the book, Robert Kiyosaki has two fathers: his real one and his best friend’s. Despite his low income, Robert’s father always encouraged him to work hard for money. His father gave him conflicting advice, and Kiyosaki ended up following Rich Dad’s advice. This is the most important lesson that the book teaches. This is because only a few people have access to this advice, and it can help you become rich, too.
The first lesson in Rich-Dad-Poor-Dad is to know how to deal with the rich. After all, if you don’t know what you’re doing, you won’t make money. That’s why Mike’s father suggested that his son quit his job. He offered him a job at 10 cents an hour. But the pay cut was too low, and he and his friend couldn’t afford to pay him. The two boys decided to make a change. Kiyosaki and Mike began to work at a library. Eventually, the two boys were able to start a library and lend out comic books to other kids in the neighborhood.
Robert Kiyosaki’s friend
The rich dad was a real person, and lived down the street from Robert Kiyosaki. They shared the same banker, and he spent long hours building a large empire that included restaurants, warehouses, and a convenience store chain. Like Robert, Mike was an extremely hard worker. He was 6 feet tall, weighed 200 pounds, and had spent three years in the army. Despite their similar backgrounds, they had vastly different financial literacy levels.
Throughout the book, the friends of Rich Dad, who are often referred to as Mike, are real people who have made huge leaps in their own financial and socioeconomic status. Mike, for instance, took over his father’s large business, and increased every aspect of it. Mike’s son, Michael, is now preparing to inherit the empire when his father retires. Robert Kiyosaki’s friend in Rich Dad Poor Dad shares the same lessons.
A great fictional work blends elements of reality with the author’s imagination to create a compelling story. The rich dad in Rich Dad Poor Dad was actually a real person, Richard Kimi. Kiyosaki cited the man’s name on Oprah, and his son, Alan, said that his father was the inspiration for the book. When researching Robert Kiyosaki’s “Rich Dad, Poor Dad” series, one should be cautious. The author has a lot of money to spend on his books and seminars.