Rich Dad, Poor Dad is a non-fiction book written by Robert Kiyosaki. Kiyosaki takes us into his life to describe to us the difference between two separate households and how they manage money. When you first open up the book, you are immediately shown the confliction Robert has between choosing whose advice to follow. His biological father is known as his poor dad who is highly educated but doesn’t make the right choices when it comes to money. His rich dad isn’t his father but is a childhood friend’s father who is also trying to teach Robert how to manage money. Rich dad has very little education background but the way he deals with money is what made him successful. Robert’s poor dad views education as the main principle to success. As long as you do well in school, you will have a good steady job thought poor dad. Poor dad always stated “I’m not interested in money”, and “money doesn’t matter.” Rich dad on the other hand knew how to make money work for him not the other way around. He felt that in order to succeed and make a lot of money, you need to work for yourself and not others. Robert learned many lessons from both dads and he feels he is very fortunate to have had two father figures to teach him and give him examples on how to become rich and successful.
Robert decided early on in the book that he was going to take advice from his rich dad. Throughout the book, Robert is taught six important, valuable lessons. The first lesson taught was that the rich don’t work for money. Kiyosaki went to a public school filled with mostly upper-class children. His friend Mike and he decided they wanted to make money so they decided to put together their own business, which is a way of being entrepreneuristic. They started making fake ...
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...r ruining you. Kiyosaki then reveals some reasons why people don’t follow through in the process of becoming rich. These reasons include fear, laziness, bad habits and arrogance.
Robert Kiyosaki said “You’re only poor if you give up. The most important thing is that you did something. Most people only talk and dream of getting rich. You’ve done something” There is no way of becoming successful in life if you aren’t driven and don’t have determination in what you believe in. The main point of this book was that you need to make money work for you and not the other way around. It is tough trying to put your wants and fears to the side in order to get rich and stay rich. One tip given was that you need to stop what your doing if what your doing isn’t working for you. Robert Kiyosaki did a great job of taking us into his life and his journey into becoming successful.
This book is a study of the personal tales of many single mothers, with intentions to understand why single mothers from poor urban neighborhoods are increasingly having children out of wedlock at a young age and without promise of marrying their fathers. The authors chose to research their study in Philadelphia’s eight most devastated neighborhoods, where oppression and danger are high and substantial job opportunities are rare. They provide an excellent education against the myth that poor young urban women are having children due to a lack of education on birth control or because they intend to work the welfare system. Instead, having children is their best and perhaps only means of obtaining the purpose, validation and companionship that is otherwise difficult to find in the areas in which they live. For many of them, their child is the biggest promise they have to a better future. They also believe that though their life may not have been what they want, they want their child to have more and better opportunities and make it their life’s work to provide that.
In Tobias Wolff’s 1985 short story “The Rich Brother,” we are introduced to two brothers. According to Wolf, you cannot even tell that they are brothers because of their physical differences, but as the story goes into more detail we can tell that they are different in every aspect. One of the major differences is that one is wealthy and the other is always in need of financial assistance. The older brother, Pete, is a successful real estate agent while his younger brother, Donald, works as a painter whenever he can. The two brothers are very different in their belief about what is valuable. Pete is a man that has worked hard and values what he has acquired. His brother Donald, on the other hand, values sharing whatever he has. Even if giving everything he has leaves him with nothing.
One of my best friends that I spent a lot of my childhood with, grew up in a much smaller house to parents, who did not earn make very much money. Aside from having the same name, my friend’s father shared a lot of similarities to Walter in A Raisin in the Sun, written by Lorraine Hansberry. Both of them also looked at investing in something and having a large outcome from it. “No—but after tonight. After what your daddy gonna do tonight, there’s going to be offices—a whole lot of offices”(Hanseberry108). This is similar to the father of my friend because both he and Walter, who was speaking in the quote, had big ideas and plans on something they probably did not know a whole lot about and eventually after little to no success both of these men have less money to work with. It shows a lot when a person grows up in a house with less money because they are more likely to hold tighter to what they have and less likely to be careless about purchases and unimportant wants. My friend is one that will always be seen taking care of what he has because that is something valuable that was taught to him indirectly by his parents. This is a little different from my family because all too often I notice that my brother does not take care of his personal things and ends up spending more money on new things that he would not need if he knew smarter in that
Not all people can be rich. According to the article “The Treadmill of Consumption”, Robert says that “Life is a game. Money is how we keep score”. That is what some people think about real life, and that is wrong, because real life isn’t a game. It is a world where you need to work and earn your money to buy things you need. Not everyone can have a big house and many cars. Everyone is different and have different jobs and salaries. Somebody is born rich, and they easily get money from their parents, but others work hard to get the place where they are now and the money that they are earning. People never know who works hard and get it easy, but in any way they want to be like them. Moreover, people forget what they have, and they just want more. In the article “All That Glitters Is Not Gold”, it says that everyone should be equal. It is true that being equal would be an easy solution for people. Most of the people earn enough money to live good and simple lives, but that is not enough for them. They look at rich people and forget about themselves. Maybe, the money that they have is plenty for them, and they don’t need to be
The Millionaire Next Door written by William Danko and Thomas J. Stanley illustrates the misconception of high luxury spenders in wealthy neighborhoods are considered wealthy. This clarifies that American’s who drive expensive cars, and live in lavish homes are not millionaires and financially independent. The authors show the typical millionaire are one that is frugal, and disciplined. Their cars are used, and their suits were purchased at a discount. As we read the book from cover to cover are misconceptions start to fade. The typical millionaire is very frugal in all endeavors and finds the best discounts possible. A budget is implemented daily, monthly, and annually for a typical millionaire. They live by the budget and are goal oriented. Living well below their means is crucial for a millionaire, and discovering ways to allocate time and money more efficiently. The typical millionaire next door is different than the majority of America presumes. Let’s first off mention what it is not. The typical millionaire is surprisingly not the individual with the lavish house worth a million dollars, owning multiple expensive cars, a boat, expensive clothes, and ultimately living lavishly. The individual is frugal and often looks for discounts for consumable goods. The book illustrates the typical millionaire in one simple word: frugal. It is shocking to believe that this is true, but it does make sense. To achieve financial independence is inherently more satisfying and important than accumulating wealth. According to the book the majority of these millionaires portray characteristics of being sacrificial, disciplined, persistent and frugal. In the book it states, “Being frugal is the cornerstone of wealth-building. Yet far too often th...
He lives by the “Blue-collar Rules” (Lubrano 342). The rules basically state: “When it all comes down to it, only money makes you happy”(Lubrano 343). The father wanted his son to not have to be a bricklayer like himself, so he sent him to a pricey school hoping it would land him a high paying job. Instead the author chose to be a writer, which his “father had a tough time accepting” (Lubrano 342). He believed only money can make you happy and his son did not think that way. As a result of the fathers views, he does not enjoy what he does for a living. He often reprimands his son and tries to convince him to do something that will bring in higher income, but his son sticks to writing. His father finally admits to his son that he “envies” (Lubrano 345) him, for doing something that he loves to do and making a living out of
For example, Dally is one of the poor greasers from the east side of the city, and Bob is a very rich Soc from the west side of the city. Dally, being a greaser from the east side of the city, has very little material wealth. Ponyboy states about all the greasers, “We’re poorer than the Socs and the middle class” (3). What little money Dally has he earns riding in local rodeos. He does not even own a car, but borrows Buck Merill’s when he needs one. In fact, Dally does not even have a permanent home. Ponyboy states that Dally “lived anywhere he could” (105). Therefore, Dally is an underprivileged greaser with little money and few possessions. On the contrary, Bob Sheldon is one of the extremely rich Socs from the west side of the city. Bob has no reason to work because everything he wants is handed to him by his affluent parents. Ponyboy describes the Socs, Bob’s click, as “the jet set, the West-side rich kids” (2). The Socs all seem to drive around in expensive sports cars and wear costly madras clothing, and Bob is no exception. Randy states that Bob’s parents “‘spoiled him rotten’” (116). Unlike Dally, Bob has everything he wants. Money and material things are not a concern. Clearly, financial circumstances set these two
Throughout A Loss for Words, Lou Ann discusses the impact of having deaf parents played in her and her sister’s childhood. Some examples include, being an interpreter and a guide for her parents while she was growing up, causing her to more of an adult rather than being a child (Walker, 1986, p. 2). Lou Ann never minded though she loved to feel important and to help her parents, along with her two sisters, with their business affairs. It was not always easy though Lou Ann says that, “in a few instances I was an unfaithful go-between,” for instance, “the garage mechanic who refused to serve them because [her parents] were deaf” (Walker, 1986, p. 21). As children of deaf parents, Lou Ann and her sister were apart of the deaf culture, but they were also the connection to the hearing world as well. Her parents would often look to her for clues in different situations such as a thunderstorm, someone walking into a room, etc., but they never tried to place any pressure on her it simply came naturally to Lou Ann to help her parents because they relied on her. If I were Lou Ann I probably would have done the same thing, no one should feel helpless and have no one that can help them accomplish tasks that need to be done.
Most people would be ecstatic if they had the kind of money that these kids inherit. In listening to them talk about their wealth, it almost seems as if some of them are lost. Could it be because they can’t fail or don’t have the pressure of succeeding to survive and thrive?
Thomas J. Stanley, Ph.D. and William D. Danko, Ph.D. wrote The Millionaire Next Door, which is a highly informative book about what it takes to become wealthy. Some of the information I knew, such as the obvious fact that you need money to be a millionaire, but some information, such as millionaires not owning big luxury items, surprised me. People become wealthy by saving money, not by living in a huge house or driving an expensive car. Most households generate a lot of money, but, because people love buying things, they live from paycheck to paycheck. Stanley and Danko say, “Building wealth requires discipline, sacrifice, and hard work” (5). There are not too many millionaires because people are not willing to change their lifestyles to accumulate
1. In the beginning-part plot outline, Pyotr is a frustrated youth who strives to balance his financial expenditures to that of the amount of his father's low income. The effort to consume father's pension for Pyotr's schooling creates a serious doubt to the financial security of every member in household. Pyotr's father is a disappointment to the family, his anti-social behavior has subdued the family into a state of fear and panic at the harsh tone of his voice.
Rich Dad, Poor Dad is a book that educates readers about financial literacy. Robert Kiyosaki, the author, has two dads – one rich and one poor, although the rich dad is not his, but his friend’s dad. Both dads have different views about earning money, and Robert had the choice of contrasting both views while growing up. His rich dad’s views were more powerful and useful to Robert. The author guides the reader through six main lessons his rich dad taught him on how to let money work for you, instead of working for money.
If you want to achieve wealth, believe in the fact that you can if you work hard. The word "impossible" has been coined because of the pessimistic attitudes. If you support your positive thoughts with positive actions, nothing in this world is out of reach. Great men have achieved the results through sheer positivism. It does not mean however that there will not be any failures. Rather, the failures carry with them a sense of pursuing one's goals. Being resolute, courageous and having fighting spirit in smallest matters is being
Getting rich is all about strictly one thing: mindset. You need to wrap your head around the idea that you deserve to have all the money in the world. You may want all of that money, but your daily actions and the things you do throughout the day can really stop you from having wealth flow in to your life. Your mind and your thoughts can play a pivotal role on your success when you try to do anything to make big money. Use these mindset tips to help set your sights in making real money in the real world.
Almost everybody hopes to be rich. Society believes that only the social status can define the kind of person you are. Majority of