Review of Robert Kiyosaki´s “Rich Dad Poor Dad” by Heather Carroll
References on Robert Kiyosaki and his best-selling book “Rich Dad Poor Dad ”, (“Rich Dad, Poor Dad”) they can be found in virtually every industry. From sourcing traders, businessmen, real estate investors to those who operate their businesses from home find in him and in his books a source of inspiration. “Rich Dad, Poor Dad“Is the story of Kiyosaki and his journey from being a poor child to becoming a millionaire himself and the author of several”bestsellers”.
As an entrepreneur myself, I have always strived to develop a millionaire mindset. Many had told me that Robert Kiyosaki’s books could be a starting point in my search for an attitude that would get me where I want to be financially. What I was looking for in your book was a step-by-step guide to developing the kind of mindset needed to take control of my financial future. Instead, what I gained was the realization that in every aspect of my life I had been shaped and raised to conform to the success patterns of society at large: going to school, getting good grades, and getting a good job. good job with benefits. I have done just that. I have received a Master’s Degree with an average of 3.92 / 4.00 and I found a stable job with good benefits. Sadly, even though they fit into society’s norms of success, I knew that working for someone else and that living paycheck to paycheck was not the life I wanted for myself or my children.
Where does the story of Robert Kiyosaki take me, a man who was raised basically by two different parents each with a very different philosophy regarding finances. His biological father tried to raise him as I was raised… he instilled in him education, work, then retirement at 65. The father of his close friend Mike, whom Kiyosaki refers to as his rich dad, taught him that the only way to be rich was to break out of the mold and use his mind to generate income. Through a variety of jobs, rich dad was able to teach Robert Kiyosaki invaluable financial experience that helped him make millions.
Basically, the key to the whole book can be summed up in three words-active front to liabilities. The only way that you will acquire wealth it is through to acquire assets. We live in a society that is based on credit and we have a loan for the purchase of each of the main things: cars, houses, vacations, even for everyday expenses. Robert Kiyosaki’s advice is to simply stop wasting money you don’t have, pay yourself first, and rethink the purchase of that new purse or lawnmower. Instead, use that money to acquire assets that generate income for you and then use that income to buy your luxury items.
Rich people are acquiring assets while the poor and middle class are acquiring liabilities (debts). These people have joined the “career ofrats “, as it is called in this book, when your expenses increase as your income. Thus, instead of making their money work for them by buying assets that, in turn, put money in their pockets, the poor and the middle class spend their money on items that decrease in value over time. In order for a person to leave the rat race and enter the “Fast Track”, the first thing is that they must have enough assets of income generation to cover your monthly expenses.
It seems simple, and for some it is. Sadly, most of us, myself included, were brought up in school to be employees, not to be millionaires. So my only unanswered question regarding this book would be “Is it possible to develop a millionaire mindset when you are in your 30’s, 40’s, 50’s, etc. Or is it something you should be brought up with as in the case of Robert Kiyosaki? ” Personally, I have read this book just before starting my own business and have found my attitude change with each of the pages I have read. So while I will never have the advantage of being raised by a man like Robert Kiyosaki’s rich dad, I believe that with enough drive, motivation, and courage, anyone can become a millionaire. I would recommend this book to any current or future entrepreneur.