I find so many people struggling, often working harder, simply because they cling to old ideas. They want things to be the way they were; they resist change. I know people who are losing their jobs or their houses, and they blame technology or the economy or their boss. Sadly they fail to realize that they might be the problem. Old ideas are their biggest liability. It is a liability simply because they fail to realize that while that idea or way of doing something was an asset yesterday, yesterday is gone.
“Rich Dad, Poor Dad” is a self-help, motivational and light financial education book. The author starts from an allegory: a poor (real) dad, with an education and a job, and a rich (adoptive) dad, with his own business. As a child, the author learns the mistakes of his real dad in making money and adopts the more successful ways of his rich dad.
Robert Kiyosaki tries to motivate the reader to have courage for his own path, not simply a job given by someone, but for creating his job. He encourages risk-taking, saying that without risk there is no reward. No one won big by playing safe. This advice I heard from other authors as well, such as Arnold Schwarzenegger in his book Total Recall.
Kiyosaki gives the example of real estate, where large sums of money can be made if enough attention and perseverance are given to an opportunity. Seen it as an allegory, or as an example, it makes sense. Taking literally, it could look as a symptom of the real estate bubble.
The author made a fortune after this book. Barnes and Noble considers it apparently the best sold Personal Finance book of all time. (source). It has a website, a game and dozens follow-up books. In 2006, he co-authored a book on advice on personal finance with Donald Trump, Why We Want You To Be Rich: Two Men, One Message.
For those books, usually you either like it or hate it. Taken literally, it doesn’t have much depth, just some advice that you can get anywhere. The book builds its legitimacy from the supposed wealth and financial success of the author. However, it has its moments with decent advice.
[Picture in the post by Gage Skidmore]
[Featured picture by Australia High Commission, Suva – Department of Foreign Affairs and Trade]