I picked up this book for its catchy name “Rich Dad Poor Dad” plus its label that reads “What the rich educate their children about money, that is not done by poor and middle class men!” Possibly it had to do with my deeply depleted bank account and the fact that the book claimed to educate something about money, which my parents did not have.
Robert T. Kiyosaki writes this book and is a fourth generation Japanese American. While serving in the Marine Corps as a helicopter gunship pilot at the time of the Vietnam War, he then took a job at Xerox Corporation as a salesman and it was then that he invested in real estate and some other commodities and eventually started a company that brought nylon and velcro wallets. market. Robert now runs a business and educational company, known as Cashflow Technologies, Inc.
Ralph H. Kiyosaki, Robert’s father, was a former Hawaii State Education Manager. Also, he was a very educated man from Stanford University and is referred to in this book as “Poor Dad.” The man referred to as “Rich Dad” is a neighbor who has never made eight grades of his own warehouses, construction company, chain of stores, and three restaurants. While “Poor Dad” advised Robert to work hard in education in order to earn money, “Rich Dad” has taught Robert how money can be invested with the intention that he is not constrained by job constraints. nine to five.
The book has all the different lessons about money that Robert’s advisor “Rich Dad” has taught him. The “Rich Dad” was very rich and educated Robert on how one can get rich and stay that way. The contrast in the attitudes of the rich and the middle class towards money is further reinforced by the teachings of the “poor dad”, who have typical middle class ideas about money. But the “poor dad” earned enough to pay taxes and own the house, despite being highly educated and working for the government.
Mr. Robert says his main reason behind this book was to teach financial literacy to people who are not lucky enough to have a “Rich Dad” to enlighten us on how to properly invest our money. He also argues that the current educational system makes us financially useless and allows wealthy corporations and the government to use us for money due to a lack of monetary knowledge. He presents a lot of valuable knowledge about money management, which he obtained from his “Rich Dad” as well as from his personal knowledge.
