Lifehack logo

Rich Dad Poor Dad

Robert Kiyosaki says 'What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!'

By Akshata KharelPublished 3 years ago 4 min read
Like
Image by dnaindia.com

This book made me look at money from a different perspective than I had ever known before. I recommend this book as a great way to question your financial thinking, especially if you combine it with other books that make strategic recommendations on financial matters. Anyone interested in managing their finances better should read this book.

The book gives you a basic idea of ​​what you need to learn more about, but you will not learn trivial facts, you will learn the right things to learn better. The most important thing you can learn from this book is that you do not have to be rich to make money. By reading Rich Dad's book, Poor Dad, you set a goal for yourself and never forget the fact that wealth is a rare commodity.

The real idea of ​​Rich Dad's book, Poor Dad, an effective introduction to academic and financial ideas, is not as simple as it seems. The book points to a popular but limited belief that money prevents people from becoming rich. The big point is that rich people make money by working hard and working hard for it.

Poor people manage their money every day, middle-class people buy debt and think they will get the wealth of the rich in the future, and the rich build a solid asset base to produce their money. The rich father has been doing the same thing with money all his life, but he understands that it is a temporary solution to a long-term problem.

Kiyosaki notes that he has never met a rich man who has never lost money, but he has met many poor people who have never lost a penny because they have never invested. Kiyosaki explains that the rich-poor father is rich in the right attitude and financial philosophy. Later in the book, Robert explains that he thinks his poor father is his best friend.

It is not that the Rich Father is wrong, but just because you prioritize saving and paying for yourself does not mean that you run the risk of offending your creditors, damaging your debt, or collecting money and interest.

This book is perfect for you if you want to improve your thinking about money and start thinking like rich people. I do not want to offend anyone by viewing it as a sacred source of personal finances, but I cannot recommend the Rich Father to the poor Father or anyone who asks me to manage his money better - let alone the ignorant.

Using simple stories and examples from his childhood to adulthood, the book tries to photograph how Robert learned to manage his money and become rich. It’s about how to start investing to get rich by using income instead of doing a 9-5 job. Like a wealthy father, this book teaches two young boys valuable lessons about money in their experience.

Rich Dad, Robert Kiyosaki's Poor Father is one of the best-selling books of this generation and is taught by business schools around the world. The book is written about his vision as a rich father who made money from his mistakes. Although most of the book focuses on the financial lessons he learned from his two fathers, I feel that the people referred to in the books are not parents but adults who are interested in home investing.

Robert Kiyosaki's book Rich Dad, Poor Dad was released in 1997 and has become a must-read book for people interested in investing in the global economy. In this review "Rich Father, Poor Father," I will look at some of his true teachings in the book (not the ones he uses in the name of his chapters) to help you decide if this book should be read. In Rich Dads, Poor Dads, Robert Kiyoaki talks about his two fathers - his real father (rich father) and his best friend (poor father) - and how they build his thoughts on money and investment.

Robert Kiyosaki relies on the freedom of humor and drama to get conflicting advice from two different managers - a highly educated father who makes poor financial decisions - to test the widespread belief that money burdens older people. As the book transcends Kiyosaki's life, the reader learns that his father is a salesman, a friend, a rich, wise father who rejects the advice of his biological father, a poorly educated, uneducated father who represents an increase in general performance - class mindset.

A wealthy father tells him and Mike, one of his childhood friends, to work hard, to be wise, to invest wisely, and to understand how money works. The rich father believes in financial education, learns how money works and understands how to make a living.

On the other hand, a close friend of Robert's and Mike's classmate was a local businessman surrounded by talented people who worked for him. My poor father was smart, educated, and hardworking in the financial and job security that meant him. The fact is, the father used his money to buy property to produce more wealth.

book reviews
Like

About the Creator

Akshata Kharel

[email protected]

Reader insights

Be the first to share your insights about this piece.

How does it work?

Add your insights

Comments

There are no comments for this story

Be the first to respond and start the conversation.

Sign in to comment

    Find us on social media

    Miscellaneous links

    • Explore
    • Contact
    • Privacy Policy
    • Terms of Use
    • Support

    © 2024 Creatd, Inc. All Rights Reserved.