My Dad

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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. By having two dads, with entirely different mindsets, Kiyosaki found himself comparing the two dads a lot. It was hard to figure out which dad he should listen to. Neither had found success yet. And both were experiencing financial struggles as they were still early in their careers.

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: 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 mother and father wrote the books together. He had the ideas and would write things down and my mother would polish the prose to get it into shape to be published. The first three crashes of the 21st century pale in comparison to the great crash of 1929. When you look at the data visually, you can see how big of an impact the crashes were.Robert Kiyosaki retired at the age of 47. He still works, but for him and his wife, Kim, working is an option as their wealth will continue to grow automatically. People with money often report that their friends without money never ask them how they did it. But they do ask for: a loan or a job. Most financial problems are caused by trying to keep up with the Joneses.” You might choose to buy a bigger house, work harder, or get a promotion or pay raise.

Rich dad continued, “…it’s fear that keeps most people working at a job: the fear of not paying their bills, the fear of being fired, the fear of not having enough money, and the fear of starting over.” 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.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. A father looks after his two young boys after their mother’s death. A memoir of bereavement told in pitch-perfect prose that is both playful and meditative, and sometimes painfully humorous. A feathered creature based on Ted Hughes’s Crow is the surprise star.