RICH DAD POOR DAD

Robert T.Kiyosaki

A person can be highly educated

,professionally successful, and financially
illiterate.

Book review
Ayush kumar
 Author

Robert kiyosaki is truly an ace personality. He is investor ,author ,entrepreneur,

motivational speaker and also a financial knowledge demonstrator.

Kiyosaki is a Japanese American who was born in Hilo,Hawaii

He went to the U.S Merchant marine academy soon after graduating from Hilo high
school.he graduated from the academy as a deck officer in 1969.

In 1975 ,kiyosaki left the marine corps and worked as a Xerox machine salesperson before leaving
he was honored with the Air medal when he served in Vietnam war as a pilot.
Three years later he stared his own commercial business that sold Velcro surfer wallet.
But soon unfortunately went bankrupt .nearly a decade later after struggling to achieve success
kiyosaki decided to retire at age of 47 .however he stood once again in 1997 when he established
cashflow technologies inc. This brand incorporates and runs two of his brands namely, Rich dad
and cashflow.
 The BOOK

The book (rich dad and poor dad) is all about beliefs of two personality .
The thought of those person and credence of Robert kiyosaki

One was poor biological father and other imaginatively Rich dad.

The poor father was in fact very educated but had no money but the rich father was a
high school dropout but was in fact „Hawaii‟s richest man‟. These two men shaped
Robert thoughts about money and investing.

People don‟t have to be earn high income to be rich .

Rich people make money slog for them.

One dad recommended, „„Study hard so you can find

a good company to work for.” The other ,„„Study hard
so you can find a good company to buy.”
 Lesson

Robert always used to ask his biological father „„Dad, can

you tell me how to get rich? ”
„„why do you want get rich,Son?”

“Because his friend mother ,jimmy‟s mother drove up in

their new Cadillac, and they were going to their beach
house for the weekend. He took three of his friends, but
mike and I weren‟t invited .they told us we weren‟t invited
because we were poor kids.”

The year was 1956.robert was nine year old.

The answer his dad gave him was „„if you want to be rich, you have to learn to make money.” that‟s
all I‟m going to tell you,” or “I don‟t know the answer, so don‟t embarrass me.”

Robert started working for 25 cents an hour under his best friend‟s father ,he offered him teach how
to make but I won‟t do it classroom style. You work for me ,I‟ll teach you .

Robert chooses to work and learn instead of playing.

 Rich dad lessons

Robert worked for Rich dad for a months and gets frustrated .he was giving his best but was being
paid only 25 cent ,his poor dad said asked him leave that job so he can work for another company
where he can great wage.

He asked his Rich dad “you haven‟t taught me anything”

Does teaching means talking or a lecture he replied
Well , yes”
“that‟s how they teach you in school , but life pushes all of us around”
Rich dad gave him taste of taste of life

Its all about the person‟s mindset how he see his life ,if that‟s person need are not being satisfied he
quit or change his job but never think what to ,how to make money everyone wants be an
employee.
 Summary
There is vast different between being poor and being
broke, broke is temporary .poor is permanent .

People‟s lives are controlled by two basics emotions .fear

and greed.” People always say, I‟m not interested in
money.‟ But work at a job eight hours a day.”
Thinking that a job makes you secure is lying to yourself

To become financially secure ,a person needs to mind their

own business.
The most common reason for people being poor “ I can‟t
afford to risks‟

THE poor and the middle-class work for money .

the rich have money slog for them.
It‟s not how much money you make , it‟show much
money you keep.
 RICH people acquire assets. The poor and
middle class aquire liabilities and always thinks
that are assests

The single most powerful assest we all have is

our mind.
 According to kiyosaki, real assests are ..

bonds and equity

real estate
Notes(IOUs)
Patents
Scripts
Anything else that has value ,produce income
or appreciates, and has ready market.