rich dad poor dad

rich-dad-poor-dad-book review
4.5/5

If You Want To Be A Winner, Apply RICH DAD POOR DAD Philosophies Now

Read time- 4 minutes

HOW DOES ONE THINK RICH?

The book Rich Dad Poor Dad by Robert Kiyosaki is the most talked-about in the world of financial wisdom and non-fiction. It has become the go-to book to become financially prudent and develop a mindset that you would not have inherited if you were not born into privilege.

There is a reason certain family do well in business, some must shut shops after a couple of years, and some always wish for a 9 to 6 life. The difference does not lie as much in work ethics as opposed to how they approach their work and how safe they want their professional lives to be. 

Even a good MBA degree would have its limitations outside the boundaries of a classroom.

What that student must show in real life is not in presentations, but character and a distinct set of the knowledge base are what the book Rich Dad Poor Dad highlights.

Filled with wisdom and thought-provoking dictums, the author gives an insight into the world of monetary management and encourages you to think “rich”.

WHAT DO THE TWO DADS REPRESENT?

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 rich dad is representative of rich thinking and right actions to earn money and overcome financial adversities.

If you have someone in life who you must work with, but you do not resonate with their working style, then consider reading rich dad poor dad as a guide to investing in your financial wellbeing.

This is a book that should be a must-read at a school level as well.

Any employee or a business owner must be exposed to numbers and ideas to always keep their work product afloat. Rich dad poor dad stresses having the ability of four basic sciences that will forever stay valid to you in your working life.

These four basic streams of knowledge will help you keep not only the work product afloat but also make you an invaluable asset in your organization.

Not knowing them is not an excuse or something that you could avoid and still manage to be successful.

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WHAT LIMITING THOUGHTS WILL THIS BOOK HELP CHANGE?

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.

                                                                                                     VERSUS

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.

Being in the sea of varied thoughts is a constant for the human mind. But the makeup of all thoughts must be changed if you want to have a good financial future.

You are ambitious, passionate, and always motivated in life. But, if your way of thinking is negative or self-destructive, your journey towards a better financial future will be slow and frustrating.

DOES THIS BOOK MAKE SOMEONE FINANCIALLY WISE?

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 had read earlier in life, you could have achieved a lot before you turned 30, 40, or 50 years!

To gain insight into this book is to develop a new sense of self. The book Rich Dad Poor Dad has insights that will revamp the way you think about finances.

It narrows down four streams of knowledge that all professionals should have mastery of.

Staying true to this knowledge base as per rich dad poor dad will help you discover a new thought process and make your business stronger.

Aligning this to your financial goals will make your business smoother, and more efficient.

WHAT IS THE DIFFERENCE BETWEEN A BUSINESS OWNER AND AN EMPLOYEE?

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.

The book rich dad poor dad by Robert Kiyosaki discusses the origin of taxes and their impact on your overall business.

Knowing this will make you hate taxes less as a concept. It will help you to develop the mindset of a rich dad to earn and spend first and then pay taxes.

Throughout the book Rich Dad Poor Dad, Robert Kiyosaki draws a parallel from his personal life about how different was his own dad’s (poor dad) thinking towards life and how different the rich dad’s (the mentor) approach was towards finances.

Reading about these differences will help you transition from an employee to a business owner.

What DOES ONE NEED TO STUDY MORE TO BECOME FINANCIALLY WISER?

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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-

1-     Accounting

2-     Investing

3-     Understanding Markets

4-     The Law

 

The cooperation of these four streams of knowledge enables a person to be the master of their money and not the other way around. You can always hire people who are experts in these streams of knowledge to operate your business after some time.

 

But constantly learning from them on a day-to-day basis is also necessary.

For a renewed outlook about money, personal finance, and business, read this book to become financially wiser.

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