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Jan 6, 2024 · His 1997 book “Rich Dad, Poor Dad,” originally self-published, has sold more than 40 million copies. Good debt, bad debt. ... Kiyosaki’s own empire has been the subject of controversy. His ...
I got really into personal finance and FIRE over the past say 2 years, mostly by reading Reddit and Investopedia. After reading so much about personal finance and investing online, I figured it was time to read some of the classic personal finance books. I started with Rich Dad Poor Dad because I hear it tossed around so much.
Mar 15, 2024 · Robert Kiyosaki, 'Rich Dad Poor Dad' Author, Says, 'I Am a Billionaire in Debt' — And Calls Dave Ramsey An Idiot For Encouraging People To Live Debt-Free Jeannine Mancini Fri, Mar 15, 2024, 1:39 ...
- 3 min
- Jeannine Mancini
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- 20 Years… 20/20 Hindsight
- Introduction
- Chapter One: Lesson 1: The Rich Don’T Work For Money
- Chapter Two: Lesson 2: Why Teach Financial Literacy?
- Chapter Three: Lesson 3: Mind Your Own Business
- Chapter Four: Lesson 4: The History of Taxes and The Power of Corporations
- Chapter Five: Lesson 5: The Rich Invent Money
- Chapter Six: Lesson 6: Work to Learn – Don’T Work For Money
- Chapter Seven: Overcoming Obstacles
- Chapter Eight: Getting Started
Rich Dad’s Lesson 1: “The rich don’t work for money.” In today’s world, there’s never been a more significant divide between the rich and all other income classes. Some economists in California even noticed that about 95% of income gains between 2009-2012 went to the wealthiest people in the world– the one percent. Thus, showing that the biggest in...
Robert Kiyosaki had two fathers: a rich one and a poor one. One was highly educated with a Ph.D. and so intelligent he completed his undergraduate degree in only two years. The other father didn’t even finish the eighth grade. While both men worked hard, were successful, and earned a lot of money, there was always one who struggled with money. And ...
“The poor and middle-class work for money. The rich have money work for them.” Growing up, Robert Kiyosaki went to the same school as the rich kids, simply because he lived on a different side of the street. Being poor, in a school filled with affluent students, made him seek an answer to the question, “how do I make money?” His best friend Mike wa...
“It’s not how much money you make. It’s how much money you keep.” Robert Kiyosaki retired at the age of 47. He still works, but for him and his wife, Kim, working is an option as their wealth will continue to grow automatically. In this section of Rich Dad, Poor Dad, Robert Kiyosaki shares a simple story. In 1923, the greatest leaders and richest b...
“The rich focus on their asset columns while everyone else focuses on their income statements.” While most people assume that Ray Kroc, the founder of McDonald’s, is in the hamburger business, Kroc once told an MBA class that he’s actually in the real estate business. That’s why he carefully chose every location for his franchises. Today, McDonald’...
“My rich dad just played the game smart, and he did it through corporations– the biggest secret of the rich.” The poor often say, “‘Why don’t the rich pay for it?’ or ‘The rich should pay more in taxes and give it to the poor.’” However, the real rich never pay taxes. The people who pay taxes are the educated, middle class. While poor dad knew the ...
“Often in the real world, it’s not the smart who get ahead, but the bold.” When companies downsize, employees often blame the owners for being unfair. In a news story he saw, Robert Kiyosaki shares, “A terminated manager of about 45 years of age had his wife and two babies at the plant and was begging the guards to let him talk to the owners to ask...
“Job security meant everything to my educated dad. Learning meant everything to my rich dad.” During an interview with a journalist, Robert Kiyosaki learned that the journalist strived to become a best-selling author. He realized she was a great writer and that she should pursue that. She told him that she had tried, but no one was interested. He a...
“The primary difference between a rich person and a poor person is how they manage fear.” There are five core reasons why even the financially literate don’t become financially independent: 1. Fear 2. Cynicism 3. Laziness 4. Bad habits 5. Arrogance Not even the rich, like losing money. No one does really. Rich dad says, “Some people are terrified o...
A gold miner in Peru once told Robert Kiyosaki, “There is gold everywhere. Most people are not trained to see it.” Robert said this was also true for him in real estate. He said he could find about four to five excellent properties a day, whereas others may look and find none. 10 Steps to Develop Your God-given Powers 1. Find a reason greater than ...
Rich Dad Poor Dad is a 1997 book written by Robert T. Kiyosaki and Sharon Lechter.It advocates the importance of financial literacy (financial education), financial independence and building wealth through investing in assets, real estate investing, starting and owning businesses, as well as increasing one's financial intelligence (financial IQ).
- Robert T. Kiyosaki
- 2000
Since its debut in 1997, Robert T. Kiyosaki's Robert Kiyosaki's Rich Dad, Poor Dad has been a landmark among personal finance books, a best-seller that has sold nearly 40 million copies worldwide. I first read the book back in 2000, when I was still a budding entrepreneur. I figured I would re-read it now that I have more experience under my belt.
Apr 5, 2022 · April of 2022 marks a 25-year milestone for the personal finance classic Rich Dad Poor Dad that still ranks as the #1 Personal Finance book of all time.And although 25 years have passed since Rich Dad Poor Dad was first published, readers will find that very little in the book itself has changed — and for good reason.
