Rich dad poor dad

Rich Dad Poor Dad is Robert Kiyosaki's story of growing up with a "Poor Dad" (his middle-class real father) and a "Rich Dad" (his best friend's father, a savvy entrepreneur). Kiyosaki says rich people are rich because they don't work for income, but buy assets that make them money. Is it worth reading? Contents — I read all 336 pages and the 9 best lessons are: • 1. 🎓 Educate Yourself Financially: 'The Rich' teach their kids important lessons about growing wealth that we don't learn in school • 2. 💪 Shift Your Mindset: 'Rich Dad' taught Kiyosaki how money works through real world experiences, not lectures • 3. 🚀 Embrace Entrepreneurship: Spotting opportunity is a skill we can acquire, to help us escape 'the rat race' • 4. 🏦 Understand Assets vs Liabilities: 'The Rich' buy assets that generate income, while 'The Poor' buy liabilities that cost them money (like a house and cars) • 5. 💹 Manage Cash Flow: Real estate is a great asset type because it provides a stable foundation • 6. 🎯 Cultivate Self-Reliance: Work to learn new skills, not for immediate income • 7. 🧠 Master Your Psychology: We all have inner obstacles to wealth like fear, arrogance and laziness • 8. ⚖️ Maximize Tax Advantages: Having a corporation can offer you many benefits including tax savings • 9. 🌴 Achieve Financial Freedom: Pay yourself first, even when it's uncomfortable 1. 🎓 Educate Yourself Financially:‘The Rich’ teach their kids important lessons about growing wealth that we don’t learn in school • Wh...

A number of people asked me about Robert T. Kiyosaki and his book Rich Dad, Poor Dad. When I said I didn’t think he was a real-estate guru, they insisted he was. Several told me I would like him, that he preaches a message like mine. Eager to find such a guru, I bought his book, Rich Dad, Poor Dad, in a bookstore. Rich Dad, Poor Dad is one of the dumbest financial advice books I have ever read. It contains many factual errors and numerous extremely unlikely accounts of events that supposedly occurred. Kiyosaki is a salesman and a motivational speaker. He has no financial expertise and won’t disclose his supposed real estate or other investment success. Rich Dad, Poor Dad contains much wrong advice, much bad advice, some dangerous advice, and virtually no good advice. You may wonder if I just criticize or have I written a better book. I wrote a bunch of them. Here’s one on advanced fundamentals of real estate investment and another on basics. Click on either for more information about it or to order it. My Rich Dad. Dangerous advice • "If you're gonna go broke, go broke big" • Convinces people that college is for suckers Law-breaking advice • Advocates committing a felony: have rich friends for trading stock based on non-public inside information, he says "That's what friends are for." • Recommends tax fraud by deducting vacations and health club dues • Brags about using a partner weasel clause in which his cat is his partner Bad liar • Can't keep track of his story • Shout...

Rich Dad Poor Dad is Robert's story of growing up with two dads — his real father and the father of his best friend, his "rich dad" — and the ways in which both men shaped his thoughts about money and investing. The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you. I bought this book on the recommendation of a client, and from page one I was feeling uncomfortable with it. I pushed aside the part of my mind that was shouting "This guy is trashing highly educated people and the working poor!" and I was able to actually become enthusiastic about the message of the book. Here is the message of the book, and as far as I can tell, the only thing of value in its pages: * When you own something, it is either putting money into your pockets, or taking money out of your pockets. Owning a business or earning royalties creates income. Owning a house and a car incurs expenses. * Try to own things that put money in your pocket. * If you rely on earning a wage or salary to put money in your pocket, you will be forever caught up in the vicious cycle of needing money, earning money and spending money. There you go. That's the big message this book will impart to you, and it will do it slowly and repetitively in the first three chapters, leaving the remainder of the book for the author to drone on and on about how turned $60,000 into $80,000 without ever going into specifics. Early ...

In Rich Dad Poor Dad, the #1 Personal Finance book of all time, Robert Kiyosaki shares the story of his two dad: his real father, whom he calls his ‘poor dad,’ and the father of his best friend, the man who became his mentor and his ‘rich dad.’ One man was well educated and an employee all his life, the other’s education was “street smarts” over traditional classroom education and he took the path of entrepreneurship…a road that led him to become one of the wealthiest men in Hawaii. Robert’s poor dad struggled financially all his life, and these two dads—these very different points of view of money, investing, and employment—shaped Robert’s thinking about money. Robert has challenged and changed the way tens of millions of people, around the world, think about money and investing and he has become a global advocate for financial education and the path to financial freedom. Rich Dad Poor Dad (and the Rich Dad series it spawned) has sold over 36 million copies in English and translated editions around the world. Rich Dad Poor Dad will… • explode the myth that you need to earn a high income to become rich • challenge the belief that your house is an asset • show parents why they can’t rely on the school system to teach their kids about money • define, once and for all, an asset and a liability • explain the difference between good debt and bad debt • teach you to see the world of money from different perspectives • discuss the shift in mindset that can put you on the road to ...

Web icon An illustration of a computer application window Wayback Machine Texts icon An illustration of an open book. Books Video icon An illustration of two cells of a film strip. Video Audio icon An illustration of an audio speaker. Audio Software icon An illustration of a 3.5" floppy disk. Software Images icon An illustration of two photographs. Images Donate icon An illustration of a heart shape Donate Ellipses icon An illustration of text ellipses. More Hamburger icon An icon used to represent a menu that can be toggled by interacting with this icon. It's been nearly 25 years since Robert Kiyosaki’s Rich Dad Poor Dad first made waves in the Personal Finance arena. It has since become the #1 Personal Finance book of all time... translated into dozens of languages and sold around the world. Rich Dad Poor Dad is Robert's story of growing up with two dads his real father and the father of his best friend, his rich dad and the ways in which both men shaped his thoughts about money and investing. The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you. 20 Years... 20/20 Hindsight In the 20th Anniversary Edition of this classic, Robert offers an update on what we’ve seen over the past 20 years related to money, investing, and the global economy. Sidebars throughout the book will take readers fast forward” from 1997 to today as Robert assesses how the principles taught b...