The Rich Father, Poor Son concept has been the subject of many a discussion. But what is the story behind this concept? How does Robert Kiyosaki’s book differ from others? What can the reader learn from this book? Is it worth a read? What does it have to offer? What are the benefits and drawbacks of this philosophy? Here are some answers to these questions. If you’re considering reading Rich Dad Poor Dad, here are some useful tips:
The author’s father earned a four-year bachelor’s degree in two years. The elder Kiyosaki studied at Stanford University, the University of Chicago, and Northwestern University, before joining the government and serving as a high-ranking official on the Hawaii State Board of Education. He and his brother, Alan “Mike” Kimi, began making nickels at age nine and eventually graduated from college.
Robert Kiyosaki argues that anyone can become rich. He uses an example from his own life, a journalist, to demonstrate the importance of acquiring a sales course. Eventually, the journalist becomes rich, hiring a staff, buying properties from desperate sellers, and investing in businesses. Kiyosaki has a proven system that has enabled many people to make millions of dollars in less than a year.
Robert T. Kiyosaki
In Rich Father, Poor Father, Robert T. Kiyosaki shows us how to be rich by working hard. As a boy, he had a tough time making ends meet and was often unpaid. He learned to earn money with his mind and perseverance, and he quickly built enough wealth to leave his job and start his own business. Rich Dad‘s advice changed his life forever.
Unlike most financial advice books, Robert Kiyosaki’s approach is personal. As a son of two fathers, he followed his real dad’s path to financial independence and the path of his rich friend. Unlike the typical path, rich people learn to create income-generating assets and minimize taxes by forming a legal corporation. They pay themselves first, and don’t give it to others.
Robert Kiyosaki is a fourth-generation Japanese-American. He was born in Hawaii and went to college in New York. After graduation, he joined the Marine Corps. He served in Vietnam as a helicopter gunship pilot and later served as an educator. He later went on to become a senior government official for the Hawaii State Board of Education. In 1985, he started a new business and became involved with the Amway multi-level marketing system.
The story behind Kiyosaki’s book is a simple one: he grew up with two fathers, one of whom was highly educated and got a Ph.D. The other didn’t finish eighth grade and had a struggle with money. The rich father, however, eventually became the richest man in Hawaii. Kiyosaki compared his own father’s life to his own. While he had a similar education and a better work ethic than his poor counterpart, the two men had completely different financial backgrounds and differed in their approaches to wealth.
Kiyosaki’s approach to investing
Robert Kiyosaki’s approach to investment is based on the premise that great investors are rational. That is, they hold onto stocks only when they are rising and are neutral about whether they’re winning or losing. He also focuses on the importance of baby steps to financial success, stressing the importance of taking small, but significant, steps in your financial life. For instance, Kiyosaki believes that without a great business system, even the best product in the world will be worthless. This is because a good system will lift even the worst product.
The first phase of Kiyosaki’s book outlines the basics of business and investing through a business. He argues that the way to wealth comes from first being an investor. He also emphasizes the importance of investing in pre-IPO companies, real estate, hedges, and losses, and the importance of hiring a financial team to help you achieve your financial goals. It is important to note that this book is not for the faint of heart.