ipl-logo

Robert T. Kiyosaki's Rich Dad, Poor Dad

942 Words4 Pages

Where do Americans get financial advice? Merrill Lynch? CNBC? Or Robert T. Kiyosaki? If you don't know who Robert T. Kiyosaki is, well, you can find him at the top of many a best-seller list. His, is currently No. 1 on the New York Times paperback "advice" chart—a list that it's been on for an astonishing 98 weeks. Spinoffs, including Rich Dad's Guide to Investing and Rich Kid, Smart Kid, also seem to be selling. Obviously there are many, many advice books on the market, financially focused and otherwise, but only a handful turn into franchises. So, why this one?

Interestingly, Rich Dad, Poor Dad was originally self-published in 1997. As Kiyosaki worked the seminar circuit, he sold enough books to get the attention of Warner Business Books, …show more content…

Growing up in Hawaii in the 1950s, he writes, he had "two fathers," each with a very different attitude about money. (The book was written "with" Sharon L. Lechter, but is told entirely from Kiyosaki's first-person point of view.) Eventually he makes it clear that "Poor Dad" is his actual father, an educator who worked like a dog all his life and basically ended up broke. Then there was his buddy Mike's father: a shrewd entrepreneurial sort who eventually built an "empire" and became "one of the richest men in Hawaii" (no further details are offered) via his keen understanding of money. This is "Rich Dad," the man Kiyosaki says he decided, at age 9, to emulate. And it worked! Today Kiyosaki says he's a rich man himself, all because of the wisdom of Rich Dad, here boiled down to six easy lessons. Kiyosaki periodically interrupts his disjointed narrative to complain that American schools do a bad job of teaching elementary personal finance, and positions himself as "a socially responsible teacher who is deeply concerned with the widening gap between the haves and …show more content…

and Fish. The twist in this case is the blurring of parable and what appears to be autobiography. It's Kiyosaki's accessible, unpretentious storytelling, spiked with mind-over-money tips about avoiding credit-card debt and the like, that makes people buzz about the book—the no-nonsense pose is apparently convincing enough to blot out the

Show More
Related
661 Words | 3 Pages

This chapter also includes many statistics that are very interesting to someones knowledge. One will also learn that the shopping habits people have and where they shop determines if they are well off. In the story about Johnny and his habits of life, one will learn that he is not considered a “bespoke” because he does not spend the money on customized suits. It is proven that people will buy certain pieces of clothing or a pair of shoes just to have the logo on it. One will also learn that most Americans in this generation will never become wealthy because they are wasteful.

Read More
515 Words | 3 Pages

In James W. Loewen’s “The Land of Opportunity,” he states that social class affects the way children are raised. He discusses the inequality in today’s society and how the textbooks in high school do not give any social class information. The students in today’s time are not taught everything they should be taught. He states that your family’s wealth is what makes up your future. Loewen discusses that people with more money can study for the SATs more productively and get a better score than someone who has less money.

Read More
510 Words | 3 Pages

What is a man without his wealth? Some will say nothing, others will say something. Some argue that people who inherit their money would be nothing. An example of this is the Kardashians or Tom Buchanan. Tom inherited all his money from his family and hasn't made a dime of it.

Read More
564 Words | 3 Pages

The short story, “The Rich Brother” accounts the journey of two brothers with great different personalities. After Donald, the younger naive religious brother, is kicked out of a communal farm, Pete, the older wealthier brother, goes to pick him up. Pete feels that Donald is too carefree, and that he always has to help him out of his mistakes. The tensions between these siblings are evident--they both feel that they need to prove themselves to each other; they need to provide evidence of their “prosperity” (Wolff 324). Pete more than Donald tends to always try to impress others, such as buying expressive items.

Read More
632 Words | 3 Pages

1. “I am still a little afraid of missing something if I forget that, as my father said snobbishly, and I snobbishly repeat, a sense of the fundamental decencies is parceled out unequally at birth.’ Ch.1 Analysis: nick is tying to say that Money isn’t always what people are born into; especially in this time people who are born into money are considered the upper class and above all. Some people are just a better person in general even without being born into a rich family he doesn’t know if a person has to be born into wealth to have natural class or just be classy on their own.

Read More
940 Words | 4 Pages

He that gets all he can honestly, and saves all he can, will certainly become rich.” Clearly, he believes in doing whatever it takes to be successful; if hosting and attending these events necessary, he will do

Read More
711 Words | 3 Pages

In the article, Birds and Bees, No Let’s Talk about Dollars and Cents, by Ben Stein, he successfully makes his point to inform his son that he needs self discipline to create human and financial capital to have a more stable life. The young boy has been living large his whole life and his father wants to help him keep it going by having self-discipline to make smart decisions so he doesn’t live in fear and insecurity. Ben Stein uses many anecdotes to get the point across to his son and the readers of the New York Times that people are capable of coming from nothing and turning into something with the willpower to make smart choices. With the use of anecdotes and repetition all throughout the letter, it allows Stein to utilize logos, pathos,

Read More
2065 Words | 9 Pages

In the story, the narrator describes the rich as “different from you and me. [The rich] possess and enjoy early, and it does something to them, makes them soft where we are hard, and cynical where we are trustful, in a way that, unless you were born rich, it is very difficult to understand” (Fitzgerald, “The Rich Boy” 3). The narrator 's description is very accurate, which is shown especially in the main character, Anson, who was born into a wealthy family and exhibits many of these characteristics. Tate, a critical writer explains that “‘The Rich Boy’ is not so much about wealth itself as about the effect of wealth on character, and the primary effect on Anson is an over power sense of superiority” (1). This superiority that Anson feels directly correlates with his upbringing because he has more money than most people.

Read More
1284 Words | 6 Pages

He believes that wealth is not the monetary value or possessions that you have, but wealth is your virtues and how you live your

Read More
916 Words | 4 Pages

The world stereotypes rich people as rude, stuck up and selfish. Ever wonder why? Studies from Yale, The New York Times, TED and more have concluded, money changes everything. Whether it’s attitude, morals or values, money can affect and change all aspects of someone’s life. The play, A Raisin in the Sun, has a theme showing this claim clearly.

Read More
870 Words | 4 Pages

Lack of money in a household can create conflicts in the family. In the short story “A cap for Steve”, by Morley Callaghan, the relationship between a father and son is put to test with the use of money. The twenty dollars that are being offered to Dave is what causes the relationship between him and his son to become more distant. Dave prioritizes and cares about money over his son’s interest of baseball. In “A cap for Steve”, the power of money creates a struggle in the relationship of Dave and Steve.

Read More
795 Words | 4 Pages

Like George, most people in society spend their whole lives chasing material wealth, and never slow down to appreciate the priceless spiritual wealth they have built up through friends and family. George is taught by society that success is measured by material wealth. He watches others from the town leave and become rich, while he is stuck in

Read More
657 Words | 3 Pages

He states, “I love my start-up -this chandelier, and silver laptop, and these twenty-six Toyota Qualises-.” (Adiga, 274) He now has all the things he never had growing up. The coop held him back from having material wealth, but now that he is out of it, he is successful in terms of money. Another example for his material wealth is when he states, “If you were sitting here with me, under this big chandelier ...

Read More
907 Words | 4 Pages

In the banking concept, what an instructor said was always correct, what they say was definite it was the word of the land. Since, his parents had no education, “[the scholarship boy] …makes a father-figure of his form-master” (Rodriguez 20). The former-master being his teacher, Richard became delighted when he was praised by his teachers. He would stay afterschool pursed his teachers undivided attention. He worked hard to be noticed by his teachers, and looked up to them for

Read More
898 Words | 4 Pages

The most surprising thing to me about entrepreneurship in this book is the assertion by Randy that the business is like creative work like printing, and not necessarily a financial institution. Many people think that the importance

Read More

More about Robert T. Kiyosaki's Rich Dad, Poor Dad

Related Topics

Open Document