Millions of people have read the book Rich Dad Poor Father and found it to be a valuable resource for understanding personal finance and money. There are some pros and cons to the book, though. The story and the author have sparked much controversy, but many believe the advice is sound. Here are some of the pros and cons:
Robert Kiyosaki
“Rich Father, Poor Father” is a best-selling book by author Robert T. Kiyosaki. Published in 2002, it’s a tale of two fathers, one of them a middle-class entrepreneur, and one who lives in a low-income family. As the title suggests, each father offers contradictory advice to their sons. As a result, each son seeks advice from his own father.
The author grew up comparing his father’s advice with that of his best friend’s father, who was wealthy. Both fathers taught Robert how to manage money. Robert grew up comparing the advice given by each to make decisions that would help him grow as a person. Rich Dad’s advice ultimately helped him become more successful, and Mike’s father taught him the value of hard work and money management.
Kiyosaki’s father earned a four-year degree in two years. His father, Ralph H. Kiyosaki, was a high-ranking government official in Hawaii. He was also an educator who served on the State Board of Education. The Kiyosakis also learned how to make nickels by scraping lead off of lead. He grew up in Hawaii, and his father was a state secretary of education.
Robert Kiyosaki’s father
As a young boy, Robert Kiyosaki worked for his rich father, who was an entrepreneur. His father had meetings with financial professionals and told his son that he had to learn how to earn money from the beginning. Robert was frustrated and told his father that he wanted to make more money, but the increase in pay did not change his life. Instead, he got used to working for little pay.
In Rich Mom, Poor Dad, Kiyosaki’s biological father had two different paths to financial independence. One father earned a Ph.D. and finished an undergraduate degree in two years, while the other never finished high school. In Rich Dad, Kiyosaki compares his father’s path to that of his friend, who did not finish high school and eventually became a very wealthy businessman. Kiyosaki draws several important lessons from his father, including that most people spend their earnings in conservative ways and should invest in things that would increase their wealth.
Robert Kiyosaki has denied being Rich, but he has said that his father was real, and that he was heavily influenced by other people. Moreover, Kiyosaki has stated that he had a confidentiality agreement with his son and that he never disclosed his identity. As a result, the book’s controversial nature has been questioned by critics.
Kiyosaki’s father
Robert Kiyosaki, the author of Rich, Poor, and Ugly, has made leaps in their lives. In 1969, he graduated from the US Merchant Marine Academy, went on to work for a tanker company, and after six months left to join the marines. During that time, he learned international trade routes and how to manage people. This would later help him make his way to the top, and now, at age 47, he is retired with his wife Kim.
In Rich, Poor, and Ugly, Kiyosaki’s father teaches his son valuable lessons about money management and entrepreneurship. He shows readers how to turn a small fortune into a million dollars. The author’s father was a former eighth-grader who cultivated a passion for helping others and building a successful business. Rich, Poor, and Ugly are both great reads and a must-read for anyone who has an inclination to become rich.
The father of Robert Kiyosaki’s father, a professor of finance at the University of California, Berkeley, and a Harvard graduate himself, teaches the author the difference between liabilities and assets. Liabilities cost money to maintain, while assets generate income. Rich people do not let their government tax them! They invest their money in assets that produce income and can be used to buy things.
