Professional Documents
Culture Documents
Robert Kiyosaki
Robert Kiyosaki
Robert Kiyosaki
Robert Kiyosaki
ich Dad, Poor Dad: What the Rich Teach Their Kids about Money That the Poor and Middle Class Do Not! became a bestseller during the dot-com boom of the late 1990s. Many ideas and businesses faded away when the bubble burst, but this book has kept going because it has nothing to do with market frenzies and everything to do with our private attitudes to money. The books title comes from Kiyosakis two dads: his real one, who worked hard all his life as an educator in Hawaii; and a friends father, who ran businesses and worked for himself. At age 9, the young Kiyosaki decided to follow the advice of the rich dad, and Rich Dad, Poor Dad is the culmination of those teachings.
ROBERT KIYOSAKI
January to mid-May just to pay your taxes. If you end up with enough to get by in your retirement, you will have done well. This is the rat race.
50 SUCCESS CLASSICS
People frequently ask Kiyosaki, How do I start getting rich? The questioner is then disappointed to hear his response: Before making any investments, educate yourself on all the options and opportunities. The more you know, the better your decisions will be. Lack of nancial education teamed with the desire for quick riches leads to disaster. Most people, in their drive to get rich, are trying to build an Empire State Building on a 6-inch slab, he says. What sort of knowledge foundation do you have? One of Kiyosakis fascinating points is the myth that specialization is the path to wealth. The idea goes that if you know more and more about something, you will be paid more for your knowledge. The danger with this is that it may blind you to the business aspects of your profession. Most of us become what we study. That is, if you study cooking, you become a chef; if you study medicine, you become a doctor or a specialist. As you start to know more about your eld, you do become valuableto whoever employs you. Kiyosaki warns that you can spend so much time educating yourself that you forget to mind your own business. Make sure that nancial knowledge is not left out of your learning.
ROBERT KIYOSAKI
at it. He told her to quit journalism for a year and take a sales job. He had given her the choice either to be a bestselling author or a bestwriting author. She didnt like the idea. Kiyosaki has taken many courses and seminars; one, which cost him $300, made him $1 million when he applied its ideas. If he does not stimulate his mind and learning, he knows he will stand still. Opportunities come from new ideas. Money spent on self-improvement is always a wise investment.
Final comments
This book makes you think. It makes you reect not merely about investments and assets, but about your whole attitude to work and life. We have all heard it said that the stock market is driven by fear and greed. Kiyosaki claims that, for most of us, fear is the key inuence in our personal economic lives. We are shaped by our attitude to money, and our attitude to money is shaped by our fear. If we could change our attitude to risk and wealth, we could begin to think, act, and live like the rich. But rst we must become nancially intelligent. Some of the main concepts have been described here, but only some. If you are serious about long-term improvement of your nancial situation, and are willing to admit that you know little, you should buy Kiyosakis book.
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