Rich Dad Poor Dad: Financial Motivational book

Welcome Readers! This Blog post is about review of book 'Rich Dad Poor Dad: Financial Motivational book’. Today I am going to tell you the story of two daddies of world famous writer Robert Kiyosaki. This is motivational Blog Post on book ‘Rich Dad Poor Dad’ written by world famous writer Robert Kiyosaki. This book explores differences in thinking of Rich and Poor personalities. This book underlines importance of financial literacy.

What is ‘Rich Dad Poor Dad’?

World famous writer Robert Kiyosaki had written this story in the bestselling book in the world called 'Rich Dad Poor Dad'. All over the world reading of this book is demanding. This book is the story of two fathers who have different views on money and investments. This book has changed the way people around the world think about money. In fact, many parents will find the concepts and points in this book are revolutionary and exaggerated. But keep in mind that in the present changing times, there is a need to pay attention to new and emerging ideas of economic development. Robert claims that there is a need to give different types of education to the children. Children's education should be done at home also on the dinner table also.

Review of Rich Dad Poor Dad book

Robert Kiyosaki tells in his book that he had two fathers in his childhood. One is his real father; to whom he gives the title of ‘Poor Dad’. Secondly, his mouthful father, who is actually his friend mike's father. To whom he gives the title of ‘Rich Dad’. His poor dad is highly educated. He is Ph.D. He is a lot of hard working. Because of his good education, he is a college teacher. But financially he struggles a lot. Because of which, they call him ‘Poor Dad’. On the other hand, his other friend's father despite having studied only till 8^th standard, the city is rich in which he lives. He is a very big businessman at all.

Story of Book

When Robert Kiyosaki was 9 years old, means when he was in 4th or 5th class, he used to study in such a school where children of rich families used to study. Other parents of that school used to drop their children to school in big vehicles. Therefore, one day, a question came to Robert Kiyosaki’s mind. To know the answer, first he reached to his real father i.e. Poor Dad and asked, Dad, can you tell me? How to get rich? How can I become rich?

Now he has asked this question. But perhaps he knew that his father had no answer to this. Poor Dad should have said something, that's why he said- Son, if you want an answer to this question, use your head.

Now when small children were asked to use their brains, he did the same which is what a child of his age might think. He decided to become ‘Rich’ and he got an idea in his mind. Together with my friend Mike, we collected empty tubes of toothpaste from their neighbourhood. He thought he would make money coins by melting down empty tubes of toothpaste. He thought with this he will become very rich. His Rich Dad i.e. Mike's dad was watching all his actions. He told the children that this way of earning money is not right. The police will catch you. Robert Kiyosaki and his friend understood their mistake. Then he decided to obey his Rich daddy.

In this book, Robert Kiyosaki also explains the shortcomings of his poor dad. Because of which Robert Kiyosaki's dad remained poor all his life.

I also want to bring the things of this book to your dinner table. Do share them with your children. Like share subscribe this blog post to your children and friend also.

Differences in thinking of Rich Dad Poor Dad

• Robert's Rich Dad encouraged him to talk about money and business at the dinner table, while the other Poor Dad not allowed talking about money and business at dinner.
• Poor Dad used to say that when it comes to money, take a safe step, don't take a risk. Rich Dad used to say faces the dangers.
• Poor Dad used to say, study hard so that you can get a job in a good company. Rich Dad used to say study hard so that you can buy a good company.
• Poor Dad used to say buy a house that is our investment and asset. Rich Dad used to say that our house is our investment and property when money comes from it. Rich Dad says break the life fear circle don't follow the ‘Rat Race of life’. Create more assets than liabilities. It is okay if there is a car in the house, but it is better if the car is going to earn money.
• Poor Dad used to pay tax first and Rich Dad pays last.
• Poor Dad was busy preparing for post-retirement money. Rich Dad was living in financial independence.
• The Poor Dad who used to say, ‘I am not interested in money earned for every single penny’. Rich Dad, who said money has great power, was making money with money.
• Poor Dad always used to say that I will never be able to become rich. Rich Dad always considered himself as Rich.

Summary of Rich Dad Poor Dad book

Robert Kiyosaki explains very clearly in his book 'Rich Dad Poor Dad' in which tell us what Rich Dad said him always, that are as follows: -

• Wealthy people don't work for their wealth; wealth works for them.
• The rich know why money education should be taught.
• The rich always mind their own business.
• Rich know the history of tax and time to pay tax.
• Rich people always invent money.
• The rich say work to learn, don't work for money.
• The rich know how to overcome obstacles.
• One thing the rich know is to start.
• The rich say and keep saying that more is needed and more comes to them.

Why financial literacy is important?

Robert Kiyosaki understood from his Rich Dad that money i.e. financial illiteracy is not taught in schools but in homes, that's why rich people become richer. Although both fathers are not wrong but we have to decide to whom we should obey. Robert Kiyosaki says that any person may be educated or not can become rich. In his 30 years of life, what he learned from his Rich Dad, he tells in his book. And Robert Kiyosaki also became rich from the sale of this book.

Conclusion

And at last a single point is, parents send their children to school, but financial illiteracy is not given even after spending many years in school. They are only taught job lessons, but are not taught to make money work for themselves. Therefore, you must read this book to develop the qualities of business atmosphere. You'll gain a useful understanding of the economy and money from this, which could alter your financial situation. Purchase Link of this book in Hindi and English language is given in the blog post. This book is good product to give gift to your children in the early age. Keep Reading! Thank You.

Siddharth@ Coordinator, Supply Chain Network