Robert Kiyosaki's Rich Dad Poor DadRich Dad Poor Dad is a book by Robert Kiyosaki that focuses on the difference between the employee and the business owner mindset. This book talks about his two dads, his real dad an educator who was poor, and his friend's dad (rich dad) who owned businesses.
Mr. Kiyosaki writes about how his real dad would want him to get an education and get a high paying job. Pretty much the same way most people raise their children today. Education is the key to getting a higher paying job.
But remember that job stands for Just Over Broke. People that make a high salary do the same thing that people with lower paying jobs do, borrow money. This means you will ALWAYS owe somebody.
And especially with today's economy it is important to understand that you won't work for a company 40 years and retire. The average person changes jobs at least five to six times in their adult career.
This makes it harder to build a retirement fund because you have to keep starting over at the new job. With changing times you must keep up or get left behind.
So, his real dad was a teacher that wanted Kiyosaki to get degrees to get a high paying corporate job. Now the interesting part is the lessons he learned from his Rich Dad.
His best friend's dad (rich dad) taught Mr. Kiyosaki the importance in wanting to create business instead of working for one. He wanted Mr. Kiyosaki to learn how to build a business and hire the best people.
Robert Kiyosaki once asked his rich dad the difference between an employee and an entrepreneur. His reply was, "Employees look for a job after the business is built. The entrepreneur's work begins before there is a business." -Success From Home.
There is a fundamental difference between the two mindsets. Mr. Kiyosaki believes that stems from the lack of financial education in the school system. This made Rich Dad Poor Dad highly controversial.
He says the school system only encourages the current business practices. That is all in the education you receive.
One of the main things that his rich dad taught him was how to leverage. By learning a specific trade you limit your opportunities to make money because you are exchanging your time for money.
With leverage you increase the amount of money you make. This was a total contradiction from what his real father was teaching him.
Another important lesson covered in Rich Dad Poor Dad is losers quit when they fail, winners fail until they succeed.
When starting a business it is first important to understand why you started it. Secondly, you shouldn't let ANYTHING keep you from your ultimate goal. You will find obstacles and haters along the way looking to break you.
Don't allow anyone or anything steal your motivation for wanting to leave the "rat race."
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