Rich Dad Poor Dad – Money Wisdom Easily Explained

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In case you’ve never heard of Robert Kiyosaki, he’s the author of Rich Dad Poor Dad.

Rich Dad Poor Dad.

Back in 2005, I first heard about this title and assumed, without checking it out, that it was a book about parenting.  So I never bought it.

If only I’d thought to check it out – I might be in a very different financial position right now if I had.

Rich Dad Poor Dad describes without judgement, two very different approaches to managing money – one by his biological father and the other by the father of a friend, who became his financial mentor.  Robert mentions right at the outset, that both fathers were highly intelligent, educated men, yet how they viewed and handled their money produced vastly different outcomes for each of them.

Robert’s father went to university, became highly qualified and was a teacher all his life.  The other father left school without any qualifications and he educated himself throughout his life.  Guess which one became rich?

After reading Chapter – or Lesson 2, as Robert calls it and looking through his very basic diagrams which suit me perfectly, I realise finally where I’ve been going wrong all these years.  No wonder I got myself into the financial state I’m in!  And I’m not alone.  There are so many people like me, who’ve received little or no education on how to manage their money.

Unless you happen to be born into a family where one of your parents teaches you how to make your money work for you, you will very likely be in a similar situation to me, with a lot of outgoings and reliant on a job for your income.  In other words – you very probably need this book too!

Rich Dad Poor Dad will -

Explode the myth that you need to earn a high income to become rich.

Challenge the belief that your house is an asset.

Show parents why they can’t rely on the school system to teach their kids about money.

Define once and for all an asset and a liability.

Teach you what to teach your kids about money for their future financial success.

If you are considering joining the Empower Network or setting up any other business working for yourself, then this book is an absolute must-read and will help you become clear about how to make your money work for you – as opposed to doing what so many millions of people do when they leave school until the day they retire, which is simply to work for money.  It’s the biggest trap most of us fall into, leaving us vulnerable and reliant on employment.

Then when you do make a decision to join the Empower Network, you will understand the 8 core principles and how to make your money work for you.

The next thing I’m going to do is buy a copy for my daughter…