Rich Dad Poor Dad for Teens: The Secrets about Money--That You Don't Learn in School!

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It’s terribly written – it really is abysmal. This book bats you over the head with a few ideas (one of which is that The Poor should just stop being so poor!) through numerous “conversations” with his Rich Dad (who is supposedly the father of his friend). It’s horrendous dialogue; it actually.. I just can’t. It’s horrible. It talks about his father (the Poor Dad) who is university educated and hard working, but supposedly foolishly believes that getting an education and then a secure job is a waste of time. Education – what a joke, right? What a waste of time and money, that could otherwise be spent on high risk ventures that will always make you millions. That can be further invested to make billions. 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. Then, years go by and the dream draws no nearer. They get depressed. So they whip out this book (or another one like it) and suddenly feel like their millionaire retirement is only 6 months away! This makes them feel self-satisfied and complacent, so they end up doing nothing until suddenly, months later, they realize they're no closer to their goal. I'm not saying people shouldn't have dreams, and I'm definitely not saying not to follow them, and I know people get attached to their denial, but it's not going to make your life any better. self-help-а. Все пак разбрах за кой богат и за кой беден става дума, та дори останах приятно изненадана. Rich Dad Poor Dad is written in the style of a set of parables, ostensibly based on Kiyosaki's life.

If you ranked yourself a 4 or 5 in verbal-linguistic intelligence, It's likely that you are comfortable with reading and writing as tools for learning. If you ranked yourself a 4 or 5 in physical, musical, or natural intelligences, it's possible that you may have great success in "learning by doing"-using on-the-job training such as internships or being involved in school and community clubs. If you ranked yourself a 4 or 5 in spatial or numerical intelligences, you may benefit from learning through drawing, making charts and diagrams, building models, or working with your hands. If you ranked yourself a 4 or 5 in interpersonal or verbal-linguistic intelligences or vision, you may learn best by talking with friends or grown-ups about their experiences, by debating, or by performing. You'll find your intrapersonal intelligence useful in any type of training, since it will help you maintain your patience and self-esteem in the face of challenges.Another thing that made me stop and think was the praise that Kiyosaki pours toward Donald Trump and though this was written decades ago and the author is obviously impressed by Trumps financial success, it made me think if money is the sole measurement the author uses in his life. Jump to the last couple of years showed another image of Trump which made the example leave a bitter taste in my mouth! Moziah Bridges—Founder of Mo’s Bows, Bridges started his bow-tie business at the age of 9 and has since gained national recognition for his products. Your destiny relies on how you spend your money and your time. Your family’s future will be determined by your choices today. 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.”

Prioritize expenses – Once you have a budget in place, prioritize your expenses based on your needs and goals. This might include essentials like utilities, and groceries, as well as discretionary spending like entertainment and dining out. When someone asks the average person, “What is your business?” they typically respond with their profession. However, they are not owners of the company they work for. They still need their own business. Otherwise, they’ll spend their life working for everyone but themselves. That’s the importance of minding your own business.When Robert Kiyosaki analyzes a deal, he tries to look at it the same way Warren Buffett would. This strategy helps him tap into raw genius.

Robert Kiyosaki recommends taking on jobs where you can learn new skills instead of jobs that pay the most. Save regularly – Set aside a portion of your income every month to build up your savings and investment portfolio. This 2004 entry in Robert T. Kiyosaki’s mega-selling Rich Dad, Poor Dad series, co-authored with Sharon L. Lechter, CPA, was cited by several members of Investopedia’s Financial Review Board as a best book for teens.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.

Adopting a rich mindset, learning how to manage money effectively, and building assets can set teens up for financial freedom. Here is one of my favorite lines from it, approximately quoted: "I have never met a rich man who hasn't lost a lot of money, but I have met a lot of poor men who have never lost a dime." True! SO TRUE. Everytime I lose money in an investment, I remember how much better I am for investing and making my money work for me than just hiding it and hoping nothing bad happens to it.

With every dollar we receive, we choose whether we become: rich, poor, or the middle class. However, you need to train your children to know how to manage your assets. Otherwise, they’ll be lost in the next generation. He is also the founder of the Rich Dad Company, which provides financial education through seminars, books, and games. Key Takeaways and Lessons Learned From Rich Dad Poor Dad For Teens 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. Growing up, Robert Kiyosaki went to the same school as the rich kids, simply because he lived on a different side of the street. Being poor, in a school filled with affluent students, made him seek an answer to the question, “how do I make money?” A positive attitude is one that is willing to take calculated risks, knowing that risk comes with the possibility of reward.