RICH DAD POOR DAD Education

Author Robert Kiyosaki’s book Rich Dad Poor Dad is a path to build up wealth. The idea of his book is generated from the experiences he received from his well educated natural father, whom he refers to as ‘poor dad’ and he uses terms ‘rich dad’ for his friend’s father who had a much lower level of education. Both of the dads had very different viewpoint on how to achieve success in life. The book ‘RICH DAD POOR DAD’ distinguishes the two approach and makes it clear to the reader the advantage of the rich dad’s money making principles.

His father used to think that education is the key to success. His father is represented at being more worried about education than money. He is used to believe that more education means more money. He likes his father approach to that held by many parents thinks that education is necessary for financial security. They send their children to school and college to get a good education and later a decent job in a stable company. His own father thought of financial success was built around a job that offers – stability, promotions and social security. Robert Kiyosaki defines this overall process like a Rat Trap. His father worked day and night continuously and persistently but never moved forward financially.

His friend’s father the Rich dad was very less educated.  The ‘Rich Dad’ led his life on the principle that education only creates people for employment and education do not create people who could wisely manage their own finances. Robert Kiyosaki learnt from his friend’s father the Rich Dad that those people who want to control the financial goals should always keep one question in the mind that how to make more and more money.

 The author Robert Kiyosaki quickly understood that the ‘Rich Dad’ was very keen on investments. An investor give importance on accumulate assets in form of rental housing estates, bonds and stocks while staying clear of liabilities like cars, residences or boats. This is the main reason why the assets create income and liabilities always eat the income. He says if any person is able to form a stable financial foundation it is because of the differentiates between their assets and liabilities.

If one wants to become rich they should be financially literate this is the main principle followed by Rich Dad. The book ‘Rich Dad Poor Dad’ states that financial literacy help you increase your financial growth. If you are equipped with the knowledge required to take financial decisions then you can surely increase your wealth.  

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RICH DAD POOR DAD

Rich Dad Poor Dad is one of the books written by Robert Kiyosaki. The idea of the book generated from his life experiences with two ‘fathers’ while growing up. His own fathers was a conventionally well educated man. He went through college for his education and later he had a corporate style career in education. One of his friend’s Dads is represented by other father or the ‘Rich Dad’ he did no well in school but created and ran successful businesses that made him rich. He learned each valuable lesson from both of them. His experiences help him explain the differences in the mentality between rich and poor people in a way most people are able to grasp.

The typical advice parents and grandparents give is to get a good education gives you a good job. As times change everything changes even the way to earn money also. But the sad part is that this mentality of parents never changes and you will find many people who still believe this.

Robert Kiyosaki explains that it is the most important step to start understanding how to create wealth in your life. In his book Rich Dad Poor Dad Robert Kiyosaki says that people are trap and they trade their life when right price is offered them by a company. People every time just hunt for jobs because they have the fear of not having money to buy the necessities in life. It is the greed and fear of person that wakes them early in the morning and waste their life away at a job they probably don’t even like.

Since fear and greed are an emotion, having money in itself doesn’t always solve the problem. A person needs to change mental shift otherwise it becomes difficult to control the emotions. Even the rich person also fears losing the money. Most of us think that a rich person is never worried about his money but that’s not true. That mental shift needs to happen.

Robert Kiyosaki compares the live of most of the people’s with donkey chasing a carrot. People are so alert to hound that next pay check they never take the time to step back and see where it is taking them. You should always realizing that job is only a temporary solution this won’t solve all your problems. Once you realize this your conscience and sub-conscience mind will start looking for ways to solve this problem.

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