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The library of essays of Proakatemia

Rich Dad Poor Dad



Kirjoittanut: Emilia Laakso - tiimistä Kaaos.

Esseen tyyppi: Yksilöessee / 2 esseepistettä.

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Rich Dad Poor Dad
Robert Kiyosaki
Esseen arvioitu lukuaika on 2 minuuttia.

Rich Dad Poor Dad by Robert Kiyosaki

At the start of my studies in Proakatemia, I read the book Rich Dad Poor Dad and recently I re-read it so I shall share my opinion and takeaways from the book.

Introduction

The book Rich Dad Poor Dad was written by Robert Kiyosaki. This book will aim to give you financial intelligence that you might have not learned while growing up. This book will teach great valuable advice. The book is told from the perspective on how “Rich Dad” made loads of money and how “Poor Dad” made financial mistakes

What did I learn?

In this book, the author shows many examples of how much our thoughts and actions can impact our lives. Developing financial literacy is one of the biggest keys to having success with money. Financial literacy means studying of managing finances. First off there are income and expenses. Income is the amount of money you earn for example salaries expenses are for example rent, food, and clothes. Then there are assets and liabilities, assets put money into your pocket for example stocks and investments and liabilities are for example loans and credit card debt.

In the book, Kiyosaki says “It’s not how much money you make. Its how much money you keep”. By that, I understood that “the rich” keep their income and use the money from their investments to pay their expenses, and “the poor” use their salaries to pay their expenses. “The rich don’t work for money, make money work for you” The rich are always thinking of ways to grow their assets, the main source of income is from assets that they have acquired over time. Instead of buying nice cars, and nice clothes buy things something that will make you more money like investments. In the book, it is said that our biggest asset is our brain.

What was boring/ what did I not like?

A few times I disliked Kiyosakis “tone” in the book. For example, I didn’t like how he makes it seem like academic education is not valuable because well, it is. Though Kiyosaki believes traditional schooling is important but not for financial success, he still makes it seem like academic education is not valuable. In the book, the “poor dad” (which is his actual dad) is a highly educated man but in the book Kiyosaki makes it seem like “poor dad” is a failure, even though he is a wealthy man.

My biggest takeaways

  • Buy assets, not liabilities
  • “We should not work for money; money should work for us” – (favorite thing said in the book)
  • Golden rule, know the difference between assets and liability
  • Work to learn not for money
  • Learn financial literacy
  • Learn from life pushing you
  • Get out of the rat race
  • A job is only a short-term solution for a long-term problem

To Conclude

This book is good to give you a base for your journey of financial freedom.  I enjoy how in the book Robert tells a story about his childhood but still gives out a message for example Money comes and goes but if you have the right education & information on how money works it can make you wealthy. this book will open your eyes and mind especially.

Kiyosaki, R.T. (2017). Rich dad poor dad: What the rich teach their kids about money that the poor and middle class do not!

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