Robert Kiyos is the author of the best-selling book, “Rich Dad, Poor Father.” The fictional dad that inspired Kiyosaki embodies his own work ethic and financial philosophy. He believed in the power of financial education and understanding how money works. In the end, his son inherited his millionaire status despite his eighth-grade dropout status. The book discusses six lessons learned from Kiyosaki’s rich dad.
Robert Kiyos
When Robert Kiyosaki’s Rich-Dad book first came out in 2003, the stock market was on a three-year crash path. The book focused on the importance of investing wisely. As a result, the book’s authors recommended that readers not only invest wisely, but also learn about life in general. The best way to learn is to practice what you preach. Many people simply consume education through books without putting them into practice. They end up becoming like those employees.
According to Kiyosaki, “The secret to becoming rich is to use anger and love as catalysts to ignite your passion.” A combination of these two emotions creates passion. The fear that controls employees makes them exploit themselves. After taxes, employees are disappointed with their paychecks. Rich people don’t let the government tax them. But a common misconception about rich people is that they don’t let anyone tax them.
His two fathers
“Rich Dad Poor Father” by Robert Kiyosaki was an instant bestseller and has sparked a financial revolution. The story of two fathers – Robert’s biological father and his friend’s rich father – highlights the importance of financial literacy and letting your money work for you. It explains how to build your wealth and become financially free. You don’t need a high income to be rich. Rich people make their money work for them, while poor people do the opposite.
Rich Dad’s advice to young boys is to stop thinking about money and start generating money. The author argues that most people miss opportunities for their lives because they’re too concerned with security and money. The lessons in Rich Dad’s book can be applied to all aspects of life. In his book, he shares tips to help people create wealth in their own way. Rich Dad believes that by combining financial security with entrepreneurial spirit, one can achieve greatness.
Taxes
The original tax plan in America and England was designed to penalize the rich and target the middle class. However, the rich had a huge advantage over the poor by understanding how to structure a legal corporate structure. In other words, they knew how to build corporations and avoid paying taxes. But that doesn’t mean they don’t have to pay taxes. In Rich Dad, Poor Dad, you’ll learn how to minimize your tax burden.
Robert Kiyosaki learned the importance of taxes at an early age. At work, he was a Xerox employee, and he would hear his bosses talking about promotions, pay raises, and higher deductions. Robert realized he had to follow his rich dad’s example and build an asset column. He made a few wise investments, invested in Hawaii real estate, and worked harder to sell Xerox machines.
Conscious parenting
Conscious parenting focuses on letting go of our ego and looking within ourselves to identify our own mistakes. In fact, the more we work on ourselves, the better we can parent. Interestingly, psychology has identified four major types of parenting styles. According to developmental psychologist Diana Baumrind, the first of these is classical, the second classical, and the fourth atypical. All of these styles involve some type of self-reflection.
The book Rich Dad, Poor Father was originally written by Robert Kiyosaki, a billionaire who wanted to learn about the financial secrets only learned in upper-class homes. Kiyosaki uses personal experience to reveal these secrets. If you’re a parent who’s struggling to make ends meet, this book is an invaluable resource. Read this book and you’ll see how it can change your life’s course.
Subprime mortgage crisis
One of the most controversial authors of our time, Robert T. Kiyosaki, has learned that the traditional tools of building wealth like jobs and education are not the right tool to do so. In 2007, the real estate bubble burst, forcing millions of homeowners to learn this lesson the hard way. The real estate bubble wasn’t the culprit, but financial products created by the rich, including subprime mortgages, that fueled the housing bubble. Those financial weapons, which Warren Buffett has called “weapons of mass financial destruction” exploded, and the real estate market crashed.
