Rich Dad Poor Dad for Teens: The Secrets about Money--That You Don't Learn in School!

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It’s terribly written – it really is abysmal. This book bats you over the head with a few ideas (one of which is that The Poor should just stop being so poor!) through numerous “conversations” with his Rich Dad (who is supposedly the father of his friend). It’s horrendous dialogue; it actually.. I just can’t. It’s horrible. It talks about his father (the Poor Dad) who is university educated and hard working, but supposedly foolishly believes that getting an education and then a secure job is a waste of time. Education – what a joke, right? What a waste of time and money, that could otherwise be spent on high risk ventures that will always make you millions. That can be further invested to make billions. There is another option for the marketability of this book, but it is not one I like to think about: depressed people who feel their lives going nowhere trying to stave off depression by clinging to untenable dreams. For these types, self-help and new age books act like a surrogate (or additional) religion: bolstering their self-esteem and making them feel as if their dreams are truly within reach. Really, I hesitate to stand behind the "eat the rich" crowd but damn, studying business is making me an actual communist. For decades, experts have bemoaned the low level of financial literacy in the United States. Teaching the basics of personal finance has become more common in kindergarten through 12th grade education, yet even today, only 23 states require that students complete such coursework to graduate from high school, according to the Council for Economic Education. Of those 23 states, just nine require a stand-alone course in personal finance, while 14 allow for personal finance to be integrated into another course. That leaves 27 states plus the District of Columbia with neither requirement. Now, there are supplementary books that give a lot more in-depth information, but they still tend to fall into similar traps. It seems to me that you are either the self-motivated entrepreneur-type, or you aren't, and that difference will show itself often and early in life. The self-made may use this book, but to continue projects they are already working on, not to start their 'dream business' from scratch.

The thing is, not everybody is afforded the same opportunities, and the point about high risk, is that risks are high. Sometimes it all comes crashing down. Rich dad would often say, “If you want to be rich, you must know what kind of income to work hard for, how to keep it, and how to protect it from loss. That is the key to great wealth… If you do not understand the differences in those three incomes and do not learn the skills on how to acquire and protect those incomes, you will probably spend your life earning less than you could and working harder than you should.” After three years of hard work, his real estate business was making more than he was at Xerox. His company bought him his first Porsche. His coworkers had no idea that he wasn’t spending his commissions on the Porsche but assets. When companies downsize, employees often blame the owners for being unfair. In a news story he saw, Robert Kiyosaki shares, “A terminated manager of about 45 years of age had his wife and two babies at the plant and was begging the guards to let him talk to the owners to ask if they would reconsider his termination. He had just bought a house and was afraid of losing it.” Inside of us is both someone brave and someone who will get on their knees and beg.This book has a picture of the author on the cover. I should’ve considered myself warned. But here’s the thing - I’m 28 years old, married with no kids, spent the better part of the last 10 years at uni and I work full time. I have spent my entire life studiously avoiding economics, finance, accounting and all associated disciplines, instead always choosing the history/politics/social sciences path, and then studying law. As a result, I have a big gaping hole in my knowledge, and no idea about what to do with the money that I’m currently saving. Also, I have this thing where I through phases of obsessively reading and learning about new things. A few months ago, it was fish and aquariums (I’m not kidding). Now, it’s learning about.. finance. I actually can’t believe I’m writing this, but .. I am. As we drove, my husband and I frequently stopped the CD to discuss not only the changes in our thinking but also the inspiration that occurred to us. We began seeking opportunities, rather than just blindly accepting the fact that we were broke. We discussed business opportunities, and chances we could “work to earn” rather than “work for money.” Your destiny relies on how you spend your money and your time. Your family’s future will be determined by your choices today. When Robert Kiyosaki analyzes a deal, he tries to look at it the same way Warren Buffett would. This strategy helps him tap into raw genius.

The thing is that some of the advice written in the book can only work when there are classes of people, the rich and the poor. If everyone decided to live by the rules in this book then it won’t work because it depends on people working with low salaries and shitty circumstances just because they won’t fight against it. Don’t dip into your savings when pressure builds. Use the pressure to find new ways of making more money. Most people say they’re too busy to focus on their wealth and health, but really they’re avoiding it.Professional success isn’t directly tied to academic success anymore. Most students leave their schools with limited financial literacy. Later in life, they find themselves struggling financially. What they need to know more than how to make money is how to manage their money. This skill is called financial aptitude. Most people learned how to work hard instead of how to make money work hard for them. Life in a post (???) Covid country can be summed up as constantly going "when is it okay to be without a mask, is it still socially acceptable to avoid strangers, ahhhhh, everything feels wrong and I am stressed" Be financially literate. This makes the majority of the content of the book. Have at least minimal knowledge of Another thing that made me stop and think was the praise that Kiyosaki pours toward Donald Trump and though this was written decades ago and the author is obviously impressed by Trumps financial success, it made me think if money is the sole measurement the author uses in his life. Jump to the last couple of years showed another image of Trump which made the example leave a bitter taste in my mouth! This author's style is like telling a life story. This author tells how he grew up and what he learned to make him successful and make it big. I have read this other books by him and he talks in the same way. He tells how he learned to make money and how to work hard. Talks a lot about how he lead to think not like the normal person, how to think like a business owner. The author gives a great job of keeping to what he is saying and staying on topic. The author supports his argument with life experiences and other books. The main point of the book is business and how to make passive income. He tells a lot about how to be the best.

Before his meeting with his rich dad, Robert Kiyosaki’s poor dad told him to demand what he deserves at least 25 cents an hour and to quit his job immediately if he didn’t get a raise. Robert went to meet with his rich dad but was forced to wait 60 minutes longer than expected, which infuriated him. Robert felt that his rich dad hadn’t kept his end of the bargain of teaching him and that he was just trying to exploit him by making him work for him. There are five core reasons why even the financially literate don’t become financially independent: Rich Dad: “I’m a rich man, and rich people don’t do this.” Chapter One: Lesson 1: The Rich Don’t Work For Money self-help-а. Все пак разбрах за кой богат и за кой беден става дума, та дори останах приятно изненадана. Robert Kiyosaki’s friend Blair Singer shares, “Sales = Income. Your ability to sell– to communicate and position your strengths– directly impacts your success.”While driving for the Thanksgiving vacation, my husband and I listened to Robert Kiyosaki’s book, Rich Dad, Poor Dad, on CD. This book helped us to expand and to think outside the box when it came to money. It gave us many things to think about and other ways to view our finances. I enjoyed it so much that I not only listened to it twice on CD, but also read the book itself. Rich people acquire assets. The poor and middle class acquire liabilities they think are assets,” rich dad says. Robert Kiyosaki retired at the age of 47. He still works, but for him and his wife, Kim, working is an option as their wealth will continue to grow automatically.