Choose the right dad to stay rich and /or resilient throughout your life
Read time- 2 minutes
The book Rich Dad Poor Dad by Robert Kiyosaki is perhaps the most talked-about in the world of non-fiction. It has become the go-to book to become financially prudent and develop a mindset that you wouldn’t have inherited if you are not born in privilege. Filled with wisdom and thought-provoking dictums, the author gives an insight into the world of financial management and encourages you to think “rich”.
If you wonder whether the author had two dads, he simply refers to his mentor as his rich dad with the thinking he resonated most with and the poor dad was his dad who had a different thought process in life. This analogy is repeated often to reiterate the benefit of thinking like the author’s rich dad. So, in essence rich dad is representative of rich thinking and right actions to earn money and overcome financial adversities.
The following thought processes are an example of that.
That house is so expensive, I will have to sell my kidneys to get that big a house for myself!
That dream car looks good, but only in my dreams.
How do I make that house affordable?
When should I have started investing to be able to afford that dream car?
Of these two different thought processes, we often find ourselves vacillating between extremes. But the successful are consistent in how they approach their goals in life. Their headspace is different than the unsuccessful or the poor.
This book Rich Dad Poor Dad is a must-read to train your mind to become financially wiser. This is one of those pieces of literature that you wonder if you would have read earlier in life, you could have saved so much closer to your things to do before you turn 30, 40 or 50!
To gain insight into this book is to develop a new sense of self. The book Rich Dad Poor Dad has an insight that may be unique to businessmen or employees who work for corporations alike.
For example, business owners earn, spend, and pay taxes. Yes, read that again!
But employees who work for corporations earn, pay taxes and then spend. This creates a world of difference in the financial pool of an individual.
With the changing world, what the author of Rich Dad Poor Dad encourages is to be the person who can learn faster. This information learning should be directed towards four streams of knowledge-
3- Understanding Markets
4- The Law
The synergy of this knowledge base enables a person to be the master of money and not the other way around as per the author of Rich Dad Poor Dad. For a renewed outlook about money, personal finance, and business, read this book to learn this and much more.