My Dad

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My rich dad just played the game smart, and he did it through corporations– the biggest secret of the rich.”

There are five core reasons why even the financially literate don’t become financially independent: It all came about by accident. In 2000, my parents decided to retire. They found the last book, Shattered, a huge struggle. By then, my mother hadn't been well for years and they were living in the West Indies. Compare to some other books about fathers, for example; Some Dogs Do by Jez Alborough, Danny the Champion of the World by Roald Dahl. Rich dad believed the words ‘I can’t afford it’ shut down your brain. ‘How can I afford it?’ opens up possibilities, excitement, and dreams.” Instead of buying his kids everything they wanted, rich dad asked them to think about how they can afford it. Rich dad never gave Robert or Mike anything. The boys had to pay for college on their own. Businesses that do not require my presence. I own them, but they are not managed or run by other people. If I have to work there, it’s not a business. It becomes my job.His rich dad noticed that Robert had sounded like his employees after only one month. Rich dad insisted that he was teaching Robert, but in a way that life teaches, not in the way that school does. The most effective way to learn is by doing, though most people consume education from books, which is the least effective way. Take the time to develop your financial intelligence. Harness the power of your brain and asset column.” It’s vital to learn the subject of accounting if your long-term goal is to be rich – no matter how boring you think the topic is. My father always said he would quite like to have Mum's name on the front cover, but she wouldn't hear of it. My own father’s beautiful, eccentric memoir, full of wonderful prose, and illuminating digressions. Not strictly a book about fathers, but his dad, William, whom he hardly knew as a child, plays a major role in the opening chapters. William was a penniless painter who subsisted on Ryvita and prunes, and who wrote to my father: “You were most unfortunate in the family you were born into – and that includes myself, of course.”

Before you win, you lose. Like all those times you fell off a bicycle before you learned how to ride it. Before people became rich, they lost money. Most people are more afraid of the pain of losing money than the happiness of becoming rich. Jim Broadbent as Arthur and Matthew Beard as the young Blake Morrison in the film version of And When Did You Last See Your Father? (2007) The financial struggle often comes from bad habits. You need to pay yourself first. Otherwise, you likely won’t be left with anything after paying your bills. That’s because if you pay yourself first and fail to have enough money left over for bills, you’ll need to find new ways to earn more money. It becomes a motivator– especially when debt collectors start calling. Indeed, the most interesting fathers were often the ones who were no longer around, or who inhabited the world of ghosts. And so I also began to light upon those who were searching for dead fathers, and saw how the search for a lost father drove narratives throughout the history of literature, forcing Aeneas into the underworld, and leading Hamlet on the road to disaster. But my choice of 10 books here has to begin with another Shakespeare play. This book is about a boy who talks about how wonderful his father is, and about all the wonderful things he can do. His father is not afraid of the Big Bad Wolf, he can jump over the moon and he can wrestle with giants.We grew up in what I consider to be one of the greatest fiction factories of the 20th Century. My mother also ran a dress shop for 21 years and learned to fly. The problem with ‘secure’ investments is that they are often sanitized, that is, made so safe that the gains are less.”

Transitioning from the mindset of “I can’t afford it” to “How can I afford it?” forces you to think instead of letting yourself off the hook. As a teenager, Robert realized he had more financial literacy than his poor dad as he was able to keep books and spent a lot of time listening to bankers, tax accountants, real estate brokers, and others like them.

Your destiny relies on how you spend your money and your time. Your family’s future will be determined by your choices today. In this section of Rich Dad, Poor Dad, Robert Kiyosaki shares a simple story. In 1923, the greatest leaders and richest businessmen joined together for a meeting in Chicago. Twenty-five years later, nine of them had their life end in the following ways: During an interview with a journalist, Robert Kiyosaki learned that the journalist strived to become a best-selling author. He realized she was a great writer and that she should pursue that. She told him that she had tried, but no one was interested. He accidentally offended her when he told her to take a sales course so she could promote herself. She became defensive.

Find out how a toaster works. Discuss how they have been designed to toast the bread and keep the user safe from harm. In a new deal, rich dad negotiated that Robert continues working for him, but for free. For the next three weeks, Robert and Mike worked for their rich dad for free. Then, on the third Saturday, he took them out to a park for some ice cream. He decided to introduce him to the trap of the rat race. He did this by offering to pay them twenty-five cents an hour. They said no. Rich dad then offered a dollar an hour. They said no. Then, two dollars an hour. They said no. Then, five dollars an hour. And they once again said no. The boys knew that they couldn’t be bought. They were committed to becoming wealthy. Ooo this is one that we haven’t read and I love the look of it - the illustrations particularly. Thanks for the heads up Kirsty -adding this to my list! In the future, we’ll be seeing a rise in successful companies being created but also a surge in companies failing– downsizing and laying off employees. It’s better to be making millions from the assets you build than aiming to get a raise. This period is a great era to be building assets.When Robert Kiyosaki had quit his high-paying job, his poor dad had a heart to heart talk with him, failing to understand his mindset for quitting. This picture book is wonderful to share with children as there is so much to look at, discuss and wonder at. Robert Kiyosaki recommends taking on jobs where you can learn new skills instead of jobs that pay the most.