Rich Dad Poor Dad

Rich Dad Poor Dad is a bestselling book written by Robert Kiyosaki. The title of the book represents two people whom Robert Kiyosaki claims as both his dads,each unique in the sense that they have their own distinct characteristics towards money and finances. His actual biological father is represented by “poor Dad”and his friend Mike’s father is the person that embodies “rich Dad”. He claims that his “poor Dad”worked his butt off all his life but still ended as financially insolvent,and in contrast,“rich Dad”is the enterprising type of guy who eventually out of his marketing shrewdness was able to build a business empire and became one the richest man in Hawaii. It was never divulged in the book who “rich Dad”was but this was the person Robert Kiyosaki emulated at an early age. On his book Rich Dad Poor Dad,Robert Kiyosaki asserts that the secret to a person’s climb to success is not being taught in American schools,where it should be.

Awarded with the Air Medal in his stint as a helicopter gunship pilot in Vietnam,Robert Kiyosaki left the Marine Corps and started selling copiers for Xerox. Robert briefly became successful in the setup of a company that sold the first ever Velcro surfer wallets but it eventually went bankrupt. And then,he ventured into T-shirts but that was another story.

Rich Dad Poor Dad principles and teachings are hinged on the success of investment opportunities such as businesses and real estate. Robert Kiyosaki’s book Rich Dad Poor Dad also gives hail to having assets that generate income or cash flows such as property rentals. For someone to be financially independent,Rich Dad Poor Dad advocates business enterprise ownership or investing in areas that readily generate passive income. Robert Kiyosaki in his book has outlined the four positions as to how many is earned:

•Investor –has to spend money in order to receive more in the future

•Business owner –is a person who owns a systematic way of making money,not earning it

•Small business owner or the self-employed –is the person who works at his own chosen time and he/she is his own boss

•Employee –is a person who is working to make someone else richer

Rich Dad Poor Dad highlights the following topics that are real life pointers to people who want to get up in then world:

•The poor are unaware that corporations are entities that all people can use to get rich

•Corporations have advantages because they can spend first and then pay taxes while the poor pay taxes first

•The significance of financial intelligence and its role in making you affluent

Getting rich is only one aspect you’ll learn in Rich Dad Poor Dad. For those who want to understand the core of the whole thing,you can find out more from this site: