Robert T. Kiyosaki grew up with two dads. His own, and his best friends’. Both men, he tells us, were successful in their careers, working hard all their lives. Both earned substantial incomes. Yet one always struggled financially. The other would become one of the richest men in Hawaii.
Both men were strong, charismatic, and influencial. Both men offered Robert advice, but they did not advice the same things.
Which dad’s advice would you like us to share with you today?
Rich Dad? Well, we thought so.
Here are seven pieces of advice that Robert got from Rich Dad:
“A job is only a short-term solution to a long-term problem. Most people have only one problem in mind, and it’s short-term. It’s the bills at the end of the month, the Tar Baby. Money controls their lives, or should I say the fear and ignorance about money controls it. So they do as their parents did. They get up every day and go to work for money, not taking the time to ask the question, ‘Is there another way?’ Their emotions now control their thinking, not their heads.”
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“The Rich know that money is an illusion, truly like the carrot for the donkey. It’s only out of fear and greed that the illusion of money is held together by billions of people who believe that money is real. It’s not. Money is really made up. It is only because of the illusion of confidence and the ignorance of the masses that this house of cards stands.”
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“Illiteracy, both in words and numbers, is the foundation of financial struggle. If people are having difficulties financially, there is something that they don’t understand, either in words or numbers. The rich are rich because they are more literate in different areas then people who struggle financially. So if you want to be rich and maintain your wealth, it’s important to be financially literate, in words as well as numbers.”
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“Start minding your business. Keep your daytime job, but start buying really assets, not liabilities.”
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“An important distinction is that rich people buy luxuries last, while the poor and middle class often buy luxuries first… The old-money people, the long-term rich, build their asset column first. Then the income generated from the asset column buys their luxuries.”
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“Great opportunities are not seen with your eyes. They are seen with your mind. Most people will never get wealthy because they are not trained financially to recognize opportunities right in front of them.”
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“Fear inspires winners. And failure defeats losers. It is the biggest secret of winners. It’s the secret losers don’t know. The greatest secret of winners is that failure inspires winning; thus, they’re not afraid of losing.”
Enriched by Kiyosaki’s personal experience and the teachings he received from his rich dad and poor dad, Rich Dad Poor Dad highlights different attitudes towards money, work and life.
