I’ve always been interested in Robert Kiyosaki’s philosophy and his book, “Rich Dad Poor Father.” But I’m not sure if I fully understand his work. I’ve heard mixed things about it, so I’m going to explain my views in this article. You can also find out more about Robert Kiyosaki’s career and philosophy. You can decide for yourself whether to read Rich Dad Poor Father or not.
What is the difference between a poor dad and a rich father? Throughout Rich Dad, Poor Dad, Kiyosaki outlines four components of financial IQ: law, accounting, investment strategy, and “inventing money.” Inventing money means finding opportunities that other people do not have. In his book, Kiyosaki describes how the rich create their wealth by purchasing assets that generate income.
Robert Kiyosaki grew up in Hawaii with two different fathers, one with a Ph.D. and completed his undergraduate degree in two years. The other had never finished high school and struggled with money. Both fathers stressed the importance of financial education. Kiyosaki learned the value of these two types of fathers’ education and experiences. But he also learned how to apply these lessons to his own life.
Robert Kiyosaki’s two dads
Throughout his writings, Robert Kiyosaki has made comparisons between his two fathers: the poor and the rich. His biological father, a Stanford-educated PhD, followed traditional career thinking. While the poor dad struggled financially and did not finish high school, his rich father grew up to become Hawaii’s richest man. This polar opposite story has inspired a generation of investors and businesspeople alike.
Earlier in the book, Robert Kiyosaki was interviewed by Oprah. He’s an investor, best-selling author, and motivational speaker. His new book, “Robert Kiyosaki’s Two Dads,” is a compelling read. The book relates the story of two fathers’ childhood and how each of them made their way to the top.
Robert Kiyosaki’s career
The early stages of Robert Kiyosaki’s career have been marked by great acclaim. Born in 1947, the son of a Ph.D. professor and an instructor, Kiyosaki joined the United States Marine Corps and eventually became a 2nd Lieutenant. He later served in the Vietnam War, where he won a medal and serious acclaim. Kiyosaki also sailed on the USS Arizona and became a helicopter gunship pilot.
After college, Robert Kiyosaki started his own business in Hawaii. His first company, Rippers, produced nylon/velcro wallets, which were among the first of their kind. It eventually went bankrupt, and Kiyosaki focused on education and social responsibility. He has since become a billionaire. However, his career hasn’t always been smooth. He’s made numerous business mistakes along the way, and some may question his motives for some of his businesses.
Robert Kiyosaki’s philosophy
After graduating from college, Robert Kiyosaki traveled the world, seeing the extreme poverty that is the reality of so many people around the world. He then started a business and, when it failed, decided to start over. During this time, he made enough money to invest in real estate, but the repeated bankruptcies left him in debt. He was soon homeless and broke. In an effort to recover his financial situation, he turned to the philosophy of personal finance and started to speak all over the world.
While learning in school is necessary to achieve success, he also believes that smart people make mistakes. The ability to learn from mistakes is not a sign of a poor person, but of someone who strives to reach their dreams. If you are not willing to learn from your mistakes, you have not learned anything. This does not mean that you should never set big goals for yourself. In fact, achieving your goals should not depend on making mistakes. If you are not willing to learn from your mistakes, you are unlikely to achieve your goals.
Robert Kiyosaki’s book Rich Dad
If you’ve read the famous Rich/Poor Dad parable, you’re probably aware of the differences between the two types of dads. The story of the author’s fathers exemplifies the differences between the two approaches to money. In Rich Dad, Poor Dad, Robert Kiyosaki compares and contrasts the views and habits of wealthy and poor fathers. His own acumen stems from his conversations with his rich father, and he uses numerous examples to make his point. While he’s a pro-capitalist, the author’s views on money are somewhat antithetical to those of most other people.
Kiyosaki’s real father was a well-educated man with a traditional mindset. His family never achieved financial independence, but he grew up with an understanding of how money works and acted accordingly. Rich Dad teaches his son to be self-reliant and to be a good money manager. As a result, he became one of the richest men in Hawaii.