Rich Dad Poor Dad by Robert Kiyosaki:- Book Review
There is a finance book namely, “Rich Dad Poor Dad” by entrepreneur, educator and investor “Robert Kiyosaki”.He believes that the world needs more entrepreneurs who will create jobs.
This book is based on financial education to become successful financially. It is truly amazing which teaches us how to become rich. One who starts this book can never get bored to read it till the end. Since we find some interesting things which are based on our financial life.
“RICH DAD, POOR DAD” is the story of two fathers, poor dad was highly educated and intelligent, he had done advanced studies, all on financial scholarship. The rich father never finished the eighth grade.
The rich father in this book teaches two small boys some invaluable lessons about money through their own experiences. The most important ones undoubtedly to understand how to best use your mind and your time to create your own wealth through business and investment.
At the age of nine, Robert Kiyosaki and his best friend Mike asked Mike’s father(Rich Dad) to teach them how to make money. After three weeks spent cleaning mike’s dad’s many stores for a poverty wage(10 cents a week), Kiyosaki couldn’t take it anymore and increasingly began to think about quitting. This is the moment that Rich Dad chose to give his first lesson about money: some people leave their job because they are not being paid enough. Others see it as the opportunity to learn something new.
The other thing I like the most in this book is that work to learn. Rich Dad went on to ask the two young boys to work for him for free, by acting this way, he wanted to force them to imagine a way to create their own source of income that was independent of their work for him. The inspiration came to them when they noticed that some comics were left lying around the shop, that’s all it took: they recovered them and opened a library for the classmate, making them pay an entrance fee:10 cents for 2 hours of reading they paid Mike’s sister 1 dollar a week to deal with managing their little business. Soon, they were making 9.50 dollars per week, without having to worry about managing their library. Their first company had come into existence.
The other point is that ‘mind your own business to keep your current job but begin to think about your own business. Kiyosaki began his professional career by selling photocopies for xerox, using his revenue he invested in an estate. In the space of just 3 years, the revenue generated by his investment in real estate exceeded his salary. He then decided to leave the company and to take care of his own full-time business. He knew that it was the only solution to get out of that rat race. Do not spend all your income to build yourself a diversified portfolio of assets and you will spend later when these assets make you enough.
Furthermore, work to learn–don’t work for money. After college, Kiyosaki joined the marine corps among other things, he learned how to lead troops, furthermore an essential lesson when learning how to manage a business. He went on to join Xerox, where he learned to overcome his fear of rejection by becoming the 5 best salespeople in the company. Having reached his objective, he left the company and began to take care of his business.
This is the book which gives full guidance about becoming financially rich.
I suggest reading this interesting book by Robert Kiyosaki.