Why Critics Hate Rich Dad Poor Dad While aspiring business creators will find lots of value in Rich Dad Poor Dadbusiness owners who have already experienced significant success may find it less valuable.
Money is a taboo subject in most of the world. But Kiyosaki says that failure is actually a part of financial education. Most people go to school and then many go to University in order to earn qualifications needed to be hired as employees by companies.
Incorporate Kiyosaki calls it a basic fact of life that the rich somewhat control the financial system to their benefit. In other words, by this definition, your primary residence is not an asset but a liability. An investment in knowledge pays the best interest.
Worse, the arrogant person is not aware of it. He discusses how important sales, communication,and people skills are in all aspects of your life, and just because you have a PHD doesn't mean that you shouldn't have good sales or communication skills.
What Kind of Work to Do This is one of the most important lessons from the book. There were some very strong high-level, philosophical principles for how to approach money in your life highlighted throughout the book. This book has been inspirational to many people, but the book seems to have produced as many critics as champions.
Readers looking to receive actionable advice about how to build a successful business will likely be disappointed. It is actually quite easy nowadays to sell your intellectual property with the power of the internet by selling crafts you can make, sell websites, songs, paintings etc.
Ego and ignorance of finances means lost money and opportunities. Money comes and goes, but knowledge stays forever. These liabilities are big on expenses and so the money goes out of their expense column. This book is aimed at anyone who wants to hear a radically different philosophy on money, investing and personal finances than what the majority of people are raised with.
The eventual lesson was to get out of the "rat race"and instead of spending your entire life working for a small amount of money and making someone else a lot of money,you should have other people work hard to put money in your pocket.
He says that in order to succeed in life and relationships you need to master how to sell too. Often, these coaching programs use time-share sales tactics like keeping the rooms cold, getting people hungry, and encouraging people to borrow money or use credit cards to pay for the coaching.
Know a little about a lot. It was all motivation. I believe these quotes are enough to give you the takeaways from Rich Dad, Poor Dad so you can focus on potentially more impactful personal finance books. We need to remove the taboo that surrounds money if we ever want to make wealth accessible to all.
Rich Dad, Poor Dad is an absolute juggernaut of a book–it’s been on the bestseller lists for as long as I remember. I re-read this book yesterday.
Man, there are some really great points, like how rich people make money work for them and how everyone else works for money. Write your own review of Rich Dad, Poor Dad by Sharon L. Lechter, Robert Kiyosaki, read other people's reviews and browse a book excerpt from Rich Dad, Poor Dad.
Rich Dad, Poor Dad really felt like one of those “conferences” you go to where you realize pretty quickly that all they want to do is sell you all of their stuff.
You feel duped because you showed up to learn, and all they want you to do is buy. Rich Dad Poor Dad sets out to teach every day people like you and me how money works and how to make it work for you. The key aspect of this book is to show you how a small change in your money mindset can really change your future.
Book Review – Rich Dad, Poor Dad by Robert T. Kiyosaki with Sharon L. Lechter This is not a new book, in fact it was first published almost 10 years ago, but I just finished reading it I didn ’t even read the Coles Notes version!
A friend gave me the book to read recently and not only is it an easy read, I think it is a MUST read. Rich Dad Poor Dad Summary. Who would you choose when you are given a choice between a rich man and a poor man?
Most would choose a Rich man even when the other man is his father and this is the story that happens with Robert who is one of the writers of this book.A book review on rich dad poor