The Book Rich Dad, Poor Dad by Robert Kiyosaki

Table of Contents

Introduction
Reasons for Writing
Goals and Objectives
Principles and Applications
Conclusion
Work Cited

Introduction

Rich Dad, Poor Dad was written by Robert Kiyosaki and aims to teach people the tools of financial literacy. The narration is based on the experience of the author, who watched the lives of two fathers who had different views on money. Much of the book focuses on various ways to get rich, instead of working for a small salary. The book is a source of valuable advice that allows the readers to learn financial literacy without having a special education.

Reasons for Writing

The reason for writing the book arose because of the detailed observation of the real life of the people around the author. One of the characters in the book is Kiyosakis biological father, who always worked for a small salary despite being a well-educated man. The second character under consideration is the father of the authors best friend, who is an experienced businessman, although he does not have a higher education. The author wrote this book because he wanted to teach people who are more like his father to apply their knowledge and skills to develop financial literacy and become richer. This book is a challenge to an economic injustice that the author seeks to correct by giving practically useful advice to ordinary people.

Goals and Objectives

The goal of the author was to describe simple and understandable life lessons that will be useful for ensuring financial well-being. The main objective is to reveal useful techniques through a simple and understandable presentation, supported by real life examples. The main concepts that the author reveals in his lessons relate to courage, willpower and the acquisition of financial literacy. One of the main lessons concerns the growing financial inequality, in which the poor work for money, while money works themselves for rich people. With such a direct and severe lesson, the author was going to resonate with the audience, who would become motivated to change their lives.

Principles and Applications

The first principle that can be taken away from the book is the need to realize the power of rich people and try to change the situation in ones favor. To do this, a person needs to give up working for a small salary and use the courage to get out of this circle. Education received in real life scenarios has much more value this is the second basic principle. It is necessary to reinforce entrepreneurial thinking and learn how to use financial tools wisely. The third principle concerns the need to work for oneself in order to ensure financial well-being. Finally, people should work to learn, not just to get paid.

I consider the principles described in the books to be important and useful for my life. I consider the principle of the importance of realistic education to be the most significant lesson. The author says It does not take money to make money, and this is true (Kiyosaki 30). I am going to apply this principle by investing time and energy into learning about the world around me, understanding new market conditions and new financial instruments. I think that this will be useful for me, because in the future I am going to open a business using the accumulated knowledge.

Conclusion

The book gives practical advice on how to act to change ones life. It has great motivational power and is written in clear language. The book can be useful for people who want to improve their financial well-being, but do not know where to start. Despite the fact that the truths revealed in the books are widely known and the author does not offer a recipe for wealth, this work can guide people on the right path. The conditions of the economy are changing, but from the book one can get relevant advice for all time: to be reach one needs to constantly learn, be strong and courageous and try to change the life for the better.