If you’re reading Rich Dad Poor Father, you’re probably thinking about what I’ve learned from him. I have learned that perfection is a myth and that you never fail to learn. In Rich Dad Poor Father, you try to learn from every aspect of your life, not just your money. I’m sharing a few of my favorite lessons from this book. Read on to learn more about how you can apply this to your own life.
Robert Kiyosaki’s two fathers
The two “fathers” in Robert Kiyosaki’s life play a major role in his success as a self-made millionaire. Robert Kiyosaki’s biological father was a Stanford PhD who followed traditional career thinking. As a result, Robert was poor and was often teased. His father, however, pushed him to earn a respectable degree and climb the corporate ladder. This is an idea that he adopted and passed on to his own son.
Richard Kimi was a pioneer of fax reservations and toll free numbers. He also pioneered combining car, room and air bundles. His business is now run by his son, Alan. It’s a fascinating story that gives you a sense of the man behind the success of Kiyosaki’s book. The two fathers’ stories are both full of facts.
Robert Kiyosaki’s father
In Rich Dad Poor Mom, Robert Kiyosaki shares the story of his father. He was born into a well-off family, but could not teach his son how to become wealthy. Fortunately, Kiyosaki’s best friend’s father was very wealthy and agreed to mentor him. The two boys worked at small supermarkets and were offered jobs that weren’t particularly glamorous, but would eventually lead to more lucrative opportunities.
During the stock market crash, Robert Kiyosaki was short of cash. He had some money invested in the stock market and apartment houses, but was only able to afford a few thousand dollars for a house. Kiyosaki decided to look around a bankruptcy attorney’s office. He advertised a house for $60,000, which he promptly sold for $475,000. He charged a processing fee of $2,500, but got a lot more than he paid for it.
Robert Kiyosaki’s father’s advice
When Kiyosaki was growing up, he had two “dads”: one who had a Ph.D. and completed his undergraduate degree in two years, and one who never finished eighth grade. One father struggled with money, while the other became the richest man in Hawaii. Both men had a strong work ethic, and they both valued job security. The difference in their advice, however, lies in the fact that Kiyosaki followed the first one’s advice.
His rich dad recommended that he not specialize in any one area of business. Instead, he should learn about every aspect of building an empire. That means going to meetings and working in various areas. Kiyosaki’s father taught him that passion and anger go together. By not specializing in one area, he was able to gain a broad understanding of how to make money and build a successful business.
Robert Kiyosaki’s father’s advice to Robert Kiyosaki
As a child, Robert Kiyosaki had two influential father figures who shaped his financial philosophy. One had a Ph.D., and one had no college education beyond eighth grade. Both struggled with money, but the first one went on to become the richest man in Hawaii. Robert Kiyosaki equated being poor with always being broke. He argued that even a wealthy man can be poor if he does not maintain his wealth.
He wanted to teach his son how to make money, and he gave him $3,000 to buy a car. However, he was not able to use this cash to purchase the car directly, and instead, began learning how to invest in the stock market. That’s when he lost $2,000 in the stock market. Robert Kiyosaki has heroes in Peter Lynch, George Soros, and Warren Buffett, and these heroes all share similar advice in promoting their products.
