Rich Dad Poor Dad – Robert Kiyosaki
Book Title: Rich Dad Poor Dad
Author: Robert Kiyosaki
Publisher: December 31, 2001, by Time Warner Books UK
Genres: Business, Finance, Nonfiction, Self Help, Money, Personal Finance, Personal Development
Economics, Audiobook, Entrepreneurship
My Review
“If you want to learn about money, Rich Dad and Poor Dad is your book.”, “Robert Kiyosaki can be your best guide for financial education.”
Read more: Rich Dad Poor Dad – Robert KiyosakiAbout the Author
Robert Kiyosaki is truly a multi-talented personality. He is an entrepreneur, investor, motivational speaker, author, and also financial knowledge activist. He is very popular for his series of books called ‘Rich Dad Poor Dad’.
Kiyosaki is a Japanese American who was born in Hilo, Hawaii. He went to the U.S Merchant Marine Academy soon after graduating from Hilo High School. He graduated from the academy as a deck officer in 1969 and was honored with the Air Medal when he served in the Vietnam War as a gunship pilot. In 1975 Kiyosaki left the Marine Corps and worked as a Xerox machine salesperson. Three years later he started his own company that sold Velcro surfer wallets.
Cashflow Technology, Inc
The company did well for some time but unfortunately went bankrupt. At the beginning of the 1980s, Kiyosaki tried his luck in a business that certified Heavy metal rock band T-shirts. He sold this business in 1985. Nearly a decade later after struggling to achieve success, Kiyosaki decided to retire at the age of 47. However, he rose once again in 1997 when he established Cashflow Technologies, Inc. This company incorporates and runs two of its brands namely, Rich Dad and Cashflow.
In 2002 he purchased a silver mine in South America and took a gold mine public in China. In his book ‘Conspiracy of the Rich’ he mentioned that he intends to take a copper mine public as soon as the copper price and value will increase.
He has a theory that with a few dollars you can buy precious metal coins and that will get you ready for the ‘biggest crashes in the world. He calls himself a ‘gold bug’ because he has several commodities like silver and gold so he can save himself from any losses against the misprinting of the U.S. dollar.
Kiyosaki is also a real estate investor. He spends a lot of his money on these investments and has many real estate development ventures. He has various property management projects running throughout America. His assets include big apartment complexes, hotels, and golf courses as he revealed in
The Alex Jones Show in 2010.
His book series ‘Rich Dad Poor Dad’ is an international bestseller. It is a comparison between his two ‘dads’; one was his poor biological father and the other ‘fictitious’ rich dad. The poor father was very educated but had no money but the rich father was a high school dropout but was in fact ‘Hawaii’s richest man.
My Thoughts
I enjoyed listening to the audiobook “Rich Dad Poor Dad”. It’s a very good book for financial literacy for everyone. I liked Mr. Kiyosaki’s ideas, examples, and concepts of money management which are easy to understand if someone is looking for financial guidance. He carries a simple rule ‘if it’s complicated don’t do it’.
All through his book, he kept repeating this one thing ‘We all are in a rat race’, which in the real world is even true.
We spend our childhood and teenage days in studies, play, and other curricular activities; and with no worries about the future. But after stepping into the real world every bit of the changes of our existences. We get into the race of survival to have a good life and future.
We start struggling and go through every possible turmoil so that our family and kids would have a better livelihood and a great future ahead.
In our old age, we retire with a little lump sum of money and think that we have fulfilled all our responsibilities.
This is the Rat-Race that we go through which we pass it on to our kids and the next generation to it. Mr. Kiyosaki says to break this vicious circle and start earning money by making use of your supercomputer which is your brain.
It’s the only and the most powerful tool that we have, and when it is trained in the right way, we can achieve anything that we want.
What I liked about this Book
Learn about Finances
While listening to the audiobook, I came across a very valuable concept of Mr. Kiyosaki to teach children about financial education from a young age. Money is a very important mechanism in our life and its very essential to teach our kids about the value of money.
In school, we learn about many things such as the environment, universe, literature, sports, music, and many other activities but what we miss out on is the education of money.
I’m not saying that there should be a subject like fiances in school, but there should be some activity that would teach children about money management, to understand the importance of money.
As a parent, we should teach our children about money and the important aspects of money in our life. The younger they are the more easily we can mould them. So when your kids grow up, it won’t be difficult for them to face new challenges.
Mind Your Own Business
I loved the way Mr. Kiyosaki chose his heading to explain his concepts. At first glance, this title would be a treat to the eye of the reader, instead, it has a completely different meaning to it. It doesn’t mean that you stay quiet if something is going on but simply means do something you like.
The concepts are simple as I said before also. So do your day job with full sincerity but also do what you love to do, that would provide you extra income.
Job Security/ Power of Learning
As most parents, we teach our children to study hard and go for a secured job so that they can learn well and have the best livelihood for their family. The more you study the better job you get. This is what Mr. Kiyosaki’s poor biological father thought him to do.
Mr. Kiyosaki gives us another strike, he doesn’t do what his biological father wants him to do or rather we can say his fictitious rich dad didn’t believe in job security, instead, they believe in the power of learning.
Every job teaches you something important and valuable, no matter how big or small they are which is disclosed by Mr. Kiyosaki himself.
Take a job to gather knowledge from the work that you do, learn a new skill increase your intelligence, and then start up your own business, so that you can how things from the bottom to the top management.
About the Book
Explores the myths that you need to earn a high income to become rich. Especially in a world where technology, robots, and a global economy have changed the rules.
Teaches why acquiring and building assets can be more important to your future than a big paycheck and the tax advantages investors and business owners enjoy.
Challenge the belief that your is an asset, as millions of people learned first-hand when the housing bubble burst and the subprime mortgage fiasco raged.
Reminds us why we can’t count on the school system to teach our kids about money and why this critical life skill is more important today than ever before.
Explains what to teach your kids about money so they can be prepared for the challenges and opportunities of today’s world and enjoy the rich life they deserve.
Happy Reading !!!
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