Preview

Rich Dad Poor Dad

Good Essays
Open Document
Open Document
1398 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Rich Dad Poor Dad
In the book Rich Dad Poor Dad by Robert T. Kiyosaki with Sharon L. Lechter the author who is also the narrator talks about how to educate yourself and your kids about money and how to control your money instead of letting it control you. The author grew up in Hawaii in a middle class family but had the chance to learn about money from his rich friend, Mike whose father in the book is referred to as his rich dad. The lessons concentrate on six major points of view that his rich dad taught him. He also compares and contrasts the advice he got from both of his fathers. His poor dad (who is his biological father) was a very educated man but he didn’t know how to make, use and invest his money. He concentrated more on the stability of money and thought that vacations, health insurance and working for a good company is very important. In the book the author says that his rich dad told him “Study hard so you can find a good company to work for.” Unlike what his rich dad taught him which was “Study hard so you can find a good company to buy.” His rich father only finished 8th grade and did not continue with school but had a lot of street smarts. The author had a hard time picking which dads advise to listen to and at the end he picked the rich dad’s advice.
In the beginning of the book the author talks a lot about attitude and you’re outlook on life. He says that you need to learn how to control your money instead of letting it control you. And one of the most important things that his rich dad tells him is that don’t say “I can’t afford it” instead focus on “How can I afford it” because if you allow yourself to defeat yourself, you will not be able to move forward and your brain will stop thinking. One of the first lessons his rich dad riches teaches him is “If you learn life’s lessons, you will do well. If not, life will just continue to push you around” and that he teaches them because when the author is a little boy, he and Mike try to find a way to make money but

You May Also Find These Documents Helpful

  • Good Essays

    Growing up, I noticed a lot of discussion about financial problems between my parents. It’s not that we were becoming poor, it was because of our growing family needing more supplies. My mother just gave birth to my little brother when I started noticing the financial issues my family were facing. As a little girl, I do not know how our finances worked all I knew was many bills were due and I knew it because when I was a little girl I liked to practice reading and those bill statements were the papers that attracted my interest due to its colorful paper.…

    • 590 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    In the article “Birds and Bees? No, Let’s Talk about Dollars and Cents” the author, Ben Stein writes to his son and addresses the most valuable life lesson there is in Stein’s eyes. This life lesson is capital, and the positive effects it can provide to your life. Stein is writing to his son to inform him about the “smart way” to invest your money, Stein uses past generations as an example to show just what capital can do for you. The purpose of this letter/article is for a father to have a heart to heart with his son and to instill an important life lesson to him, to teach and prepare as a parent is supposed to. Stein loves Tommy, his son, and just wants the best for him. You really know he is down to earth and genuinely believes in the advice…

    • 391 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The central idea of Toni Cade Bambara's short story "The Lesson" was inequalities in the distribution of wealth. The meaning of Mrs. Moore trip with the children to FAO Schwartz is captured in Bambara's use of Symbolism. The children looked fiercely at a number of exclusive toys outside the store. Some of these toys included a sailboat and a paperweight. The children had no idea what the paperweight was. Sylvia said to herself "my eyes tell me it's a chunk of glass cracked with something heavy, and different color inks dripped into the splits, then the whole thin put into a over or something. But for $480 it don't make sense." Even though Mrs. Moore explained to them what the paper weight was, the children still did not understand the use or the price. A paperweight is used to hold something that is of value. Since the children have never had anything valuable, the paper weight can be used to symbolize that their neighborhood (slums) many be holding them down. The children are the people under this paperweight. To these children the cost of the toy is a life's worth of work. The sailboat similarly is used by Bambara to stand for freedom and the journey that lies ahead of the. Manhattan was only a cab ride away. However it was only a temporary chance for these kids to experience the different type of life rich people live. This suggests that if the children wish to experience this life permanently, then they would have to escape the world of…

    • 1060 Words
    • 3 Pages
    Good Essays
  • Better Essays

    However, some do obtain success due to their upbringing. Child-rearing practices are different in each background. For example, parents from different social class backgrounds differ on how exceptional their kids will be in school. Gladwell discusses that the reason why poor kids do not excel in school is the time they prepare studying outside of school, which they put forth nothing. In addition to, kids from wealthier backgrounds are encouraged to read, express their emotions, and ask questions. Involved parents and parents who are not involved is the key difference that leads to an individual’s success. Upper class parents talk to their kids more and critically provide them a set of skills to endure. Gladwell asserts, “But social savvy is knowledge. It’s a set of skills that have to be learned. It has to come from somewhere, and the place where we seem to get these kinds of attitudes and skills is from our families” (102). An example from the book is Alex Williams and Katie Brindle. Williams came from a wealthy background and when school was not is session his parents were actively engaging him in activities. Because his parents believed in concerted cultivation, which is a style of parenting, that attempts to promote their children’s talents; by interesting them in activities. His parents took him to museums, enrolled him to special programs, and he attended summer camp. His parents encouraged him to read books when he was bored. This style of parenting allowed him to excel in his skills. Moving on to Katie Brindle, a poor upbringing for her. Her mother didn’t have the means to provide summer camp for her or provide her any special classes. When she was bored there were no books for her to read. She was provided a carefree summer with friends and the great outdoors. Thus, was the reason she was behind in her skills. Williams…

    • 1856 Words
    • 8 Pages
    Better Essays
  • Better Essays

    The lesson “life is what you make it” was a big part of the novel. But also this lesson was reflective. When Edwin asked Cole to go to the freezing pond, he gave him a stick and says that the right end of the stick represented happiness while the left end represented anger. Cole broke the anger side of the stick, until he recognized that everytime he broke…

    • 1025 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Education is a very important part of future success as seen in the life of the Author Wes Moore. His mother cared about her kid’s education and future so she made a sacrifice and placed her kids into private school because that’s where she attended school and it was known for a better performance level .The Author Wes Moore’s mother wanted her kids to have a great education like she had so they could be successful in life .She made many hard decisions such as sending The Author off to military school only in hopes for him to have a better future and get on the correct track for life. The Author Wes Moore saw that education was important from his parents and he turned out to be a successful person today. The Other Wes Moore had a lack of family education cause his mom dropped out of college cause governmental funding ran out and she didn’t have a backup plan. It just showed him that you have to make money the best way you can to get what you wanted an education wasn’t really needed to get…

    • 541 Words
    • 3 Pages
    Good Essays
  • Good Essays

    If parents raise a child with the wisdom, respect, and always motivate you to do better, a child will be tremendously smarter and motivated to do great things. If a child feels like they have been pushed to do the right thing and educated in the right ways, it will help them do better than kids who are not getting that treatment in their upbringings. This book is very eye opening and I recommend it to everyone who would like to see the world in a different point of…

    • 581 Words
    • 3 Pages
    Good Essays
  • Good Essays

    “Everything I have done in my life has been to provide for my children.” That’s what you’ll hear my dad say if you ask him about anything he’s accomplished in his life. He is a very proud and hardworking man. Even now, at 60 years old, he works harder than most 20-year-olds do. As a father he has always told us, “Nothing is handed to you; everything you have must be earned.”…

    • 823 Words
    • 4 Pages
    Good Essays
  • Better Essays

    In the novel, “East of Eden”, John Steinbeck uses the controlling power of money to overcome greedy, curious, and desperate characters. Knowing money is necessary in life, most people will desire it, but in East of Eden it affects the lives of some of the main characters. Some in the book have an aspiration for money, while others find it come into their lives out of nowhere. The perception of wealth changes in characters. While some may find that money is the only wealth in life, others may see past this greedy obsession. Either good or bad, these interactions with money change their lives and the lives of others around them. Steinbeck uses wealth as a catalyst for the decisions that his characters make- whether they have money or whether they do not.…

    • 958 Words
    • 3 Pages
    Better Essays
  • Good Essays

    Out of the Dust

    • 575 Words
    • 2 Pages

    What can be learned from this book is that you should be thankful for what you have. Make do with what you have.…

    • 575 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Chua is well educated and intelligent, pushing her children harder than the teachers at school do. Rodriguez’s parents are not well educated and even with their encouragements for him to do his best in school, were not a great help in the process of his learning. Sometimes his dad would try to assist him with his homework, only for him to say “I'll try to figure it out some more by myself” (Rodriguez 216). This lead him to place an exaggerated importance on the words of his teachers. Like Chua, they used the banking concept of education.…

    • 1749 Words
    • 7 Pages
    Good Essays
  • Good Essays

    Both affluent and economically challenged parents make great parents, but its the parents choice that will depend on their children’s future. David Brooks writes the story “The Opportunity Gap” which describes the two types of parenting styles and shows which each parent does and does not do for their children. Affluent parents have different approaches to their child by spending more time with them and investing money for them.…

    • 531 Words
    • 3 Pages
    Good Essays
  • Better Essays

    The Millionaire Next Door

    • 892 Words
    • 4 Pages

    This book focuses on the fact that you must earn your wealth and not inherit wealth. I always believed most millionaires became wealthy by inheriting their wealth one way or another. But the truth is that 80% of millionaires earned their wealth by working hard and only 20% inherited their wealth. When people actually earn the wealth they accumulate, they never want to let that go. That means most millionaires live well below their means. In general, millionaires are frugal. Not only do they self-identify as frugal, they actually live the life. They take extraordinary steps to save money. They don’t live lavish lifestyles. They’re willing to pay for quality, but not for image. The people that end up losing their wealth are the ones who spend to look cool. These are the people that buy the massive SUVs just to show off. They spend money just so other people know they have money, and this is how they end up…

    • 892 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    Rich Dad Poor Dad is a book that presents thought provoking teachings on wealth creation and financial independence. The book can be describes as a narrative motivational novel that features four interesting characters, Rich Dad, Poor Dad, Mike and Robert (the author). Poor Dad is a highly educated professor who despite have worked hard over the years barely meets his household expenses. His believe on money was that money is root of all evil. Rich Dad on the flip side was a school dropout who was not able to complete high but because he appreciated financial literacy, was able to build and grow a chain of business and become one of the successful businessmen in Hawaii. Mike was Robert friend at school who both set out to learn how to become rich.…

    • 1762 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Success Definition Essay

    • 953 Words
    • 4 Pages

    Children are raised to believe they have to grow up and make tons of money or they'll never be happy in life. If you don’t graduate from high school and go to college and get a master’s degree and get a job that pays six figures then you’re…

    • 953 Words
    • 4 Pages
    Good Essays