The Rich Dad and the Poor Dad is a book by Robert T. Kyosaki that you should read if you are interested in learning about how to become financially free. This book is different from most other books on personal finance that you have likely read or heard about. It’s not one of those “here’s how much money you need to make this year” type books.
Instead, it explains why having more than your fair share of money is so important and how you can work on becoming more like the rich dad character in the story, who gives his children money every day but leaves himself little room for anything else.
It’s also not like any other financial book that you have ever read or heard about: The Rich Dad and the Poor Dad teaches financial literacy by teaching its fatherly advice through a childlike perspective and using colorful language that kids will understand without being patronizing.
This isn’t just another financial book—it’s something different altogether, a fresh take on traditional finance that parents may find helpful when trying to explain concepts to their children or help them get a handle on their own finances. If you are looking for a must-read book on personal finance then look no further than The Rich Dad and the Poor Dad by Robert T. Kyosaki as your resource.
Today I will be doing my book review on this amazing book and what I learnt. Trust me, it was worth reading and I enjoyed every bit and second I spent on it
Why is The Rich Dad and the Poor Dad such a big deal?
People who want to be financially free usually have a few goals in mind when they start the process. The most important one being that you become financially independent. Since you cannot become financially independent without first becoming financially aware, it is only logical that you start by learning about money. The Rich Dad and the Poor Dad is a step in the right direction. It’s not just a book on personal finance, it’s a book that teaches you how to become financially free.
The Rich Dad and the Poor Dad: What’s so Great about More Than Your Fair Share?
In the beginning, the rich father has nothing, and so he shares his money with his children. However, over time, he builds up a fortune and gives his children more money each year, until they are rich too. The rich father’s money comes from his salary as an employee, investments, inheritances, and donations. However, this book teaches that the more money you have, the less you have to share with others.
The rich dad and the poor dad agree on this point because the more money you make, the more you can buy yourself—cash, stocks, property, etc. The rich dad and the poor dad also have a dynamic that can be described as “helping your kids understand money.” The rich dad explains to his children that having more money than they need is a bad thing because it is a “blessing tube” that gives other people money and resources that you do not need to help you become financially free. By sharing his money with his children, the rich father prevents them from becoming dependent on his money. The rich dad explains to his children that they should help themselves instead of depending on others.
The Rich Dad and the Poor Dad: How to Achieve More Financial Independence
As you can see, the Rich Dad and the Poor Dad is not just about money—it’s about life. The Rich Dad and the Poor Dad is an inspiring and motivating book that will show you how to become financially free.
However, before we get into the how, the what, and the when, it is helpful to understand where you are right now. We are all different and have different financial situations. Some of us probably don’t even know it, but we all have different “starting points” when it comes to money. For some people, it may be a little more money than they have ever had before. Others may have a much greater income than they could ever imagine.
What’s in a name?
The term “rich dad” represents one of the most useful and impactful concepts in all of personal finance. This book would not be the same without the rich dad. The poor dad is also a very powerful concept that can be used to explain the difference between having and not having. This concept is also very useful in helping kids understand their own finances.
The Rich Dad, Poor Dad dynamic
As you can see, the Rich Dad, Poor Dad dynamic is very important in the Rich Dad and the Poor Dad. The rich dad is the person who starts out with nothing and gives his children everything. The poor dad is the one that gets left behind and has to start from scratch. In the end, the rich dad wins because he has a better understanding of money and how to manage it better.
Why is helping your kids understand money so important?
You would be surprised how many people think that helping their kids understand money is a waste of time. The truth is that helping your kids to understand money can be a life-saver. If you have kids and you aren’t helping them to understand money, then you are missing out on a lot. You may even be setting them up for financial failure by not teaching them the basics. There are a lot of financial concepts in this book that you can explain to your kids and have them understand, but if they don’t understand money then it’s pretty much a waste of time and energy.
The main reason you need to become more like the rich dad in this book
One of the most important reasons to become more like the rich dad in this book is because he is a great example of an independent, self-made man who built a fortune through hard work and a lack of dependencies. The rich dad teaches the rest of us that you can too, by following his example. By becoming more like the rich dad, you can achieve financial freedom and create a better, more secure future for yourself and your family. The rich dad also motivates me because he’s a great example that anyone can become financially free. Yes, you can too.