Reading isn’t everyone’s pleasure, but when you find a great book, you have to admit that you can’t just put it down once you are into the story or ideas the author is introducing you to.
Now, if you are either someone who enjoys reading or maybe not, why do you do it? Because you just enjoy a great story or because you are trying to get inspired and learn a thing or two?
In our case, we personally enjoy reading for several reasons: Get to know new worlds, points of view, or learn about personal development and any other topic or aspects that are worth our time.
This is why we have come across books like Rich Dad Poor Dad by Robert Kiyosaki, which is definitely a must-read if you are trying to learn more about money and investing.
After all, having someone’s ideas and experience as well as thoughts in the areas you are interested in is always a great step to succeed in your goals.
We know you’ve probably heard or read about this book before, but maybe you didn’t give it a try because you doubted being worth your time or not.
Well, here we are to let you know that it is, and you just need to know those details we will share to understand why we would recommend it anytime.
The Author: Who Is Robert Kiyosaki?
When getting introduced to authors, you will usually learn about their struggles and journeys, and it isn’t that much different when it comes to Kiyosaki.
We are particularly interested in his biography because it isn’t only an inspiration but also a way to understand better the books he has written, like the one we will be reviewing.
Therefore, we encourage you to go over the details we have to share about him.
Kiyosaki, a Japanese American born in Hilo, Hawaii, on April 8, 1947, is a great businessman and author that you should know about when trying to enter the entrepreneurship world.
What we know about his early life starts when he was attending Hilo High School, and after graduating, he went to the U.S Merchant Marine Academy.
In 1969, he graduated as a deck officer from the academy and was awarded the Air Medal for his service in Vietnam as a gunship pilot.
Kiyosaki quit the Marine Corps in 1975 and became a Xerox machine seller. He started his own company selling Velcro wallets for surfer women three years later.
The company was successful for a while, but it eventually went bankrupt. As a result, Kiyosaki attempted his luck with a business that issued t-shirts for heavy metal rock bands in the 1980s. However, in 1985, he sold the business.
Nearly a decade later, after failing to find success, Kiyosaki decided that he would retire at 47. He rose again in 1997 when he founded Cashflow Technologies, Inc. The company includes and manages two of his brands, Rich Dad and Cashflow.
As the founder of Rich Dad and Cashflow Technologies Inc, Kiyosaki has also invested in many other ventures.
Kiyosaki also invests in real estate. He spends most of his money on these investments, and he has many real-estate development ventures.
He manages several property management projects across America. As he explained in the “Alex Jones Show” in 2010, his assets include large apartment complexes and hotels as well as golf courses. He is also an investor in oil drilling operations, as well as oil wells, and even a startup company.
His book series, “Rich Dad Poor Dad,” is a bestseller worldwide, and due to the inspiration for the plot, you will learn later on in this article that many people love it to find their road in businesses.
Learning About the Book: Rich Dad Poor Dad Summary
With the author’s introduction, we don’t need to delay the summary and main focus of the book anymore. So, if you were waiting for this to determine if you should give it a read or not, this is what you must expect from the book.
To keep it simple, Rich Dad Poor Dad is Robert Kiyosaki’s story about his father (poor father), and his father’s best friend (rich father).
The focus is on explaining the ways that both men shaped his views on money and investing, and the set is that, to be wealthy, you don’t have to make a lot of money. Rich people make their money work for them.
In the book, two small boys learn valuable lessons about money from their father, the wealthy man, based on his own experiences and thoughts so the children can start understanding how to use their minds to their best considering this to be the most important thing and arguing that you have the time and resources to build your wealth through investments and business.
Throughout the book (and in real life), the author claims that the traditional school system does not provide adequate education in financial matters. Schools tend to focus on financial skills rather than professional skills.
Students who are intelligent professionals in their fields struggle with the subject of how to manage their finances despite their “talent” in specific areas.
Now, focusing on the rich dad and poor dad, the first one taught him valuable lessons about money. His finances were a constant throughout his life, and he wanted to show Robert this.
In the book, the kid notices that both his poor and rich dads were hard workers. However, when it came to money matters, his poor father never used his brain for financial benefits and always told the author that he should study hard during school to be able to find a job.
However, the rich dad stated that it was important to study hard, but it would mostly help the author find the right company for him to buy.
The book continues focusing on the contrasts of different thoughts and ideas when it comes to finances and money, which makes you see the differences between people’s mentality and way to think and how crucial it is to have a certain set of mind to achieve some goals and results.
Earnings, Reception & Publishing: How Popular Is It?
In all honesty, it is hard for us to find someone who actually doesn’t know about Rich Dad Poor Dad. Why? Because it has been used as a financial reference book since its release in 1997.
Of course, it is only natural for some people not to know it or, at least, not to detail when it comes to what it is about beyond having an idea due to the title.
However, it was quite popular back in its days and continues to be mentioned for many entrepreneurs despite some mixed critics from a few themselves.
The reception, however, will tell you the opposite.
Rich Dad Poor Dad has sold over 33 million copies in over 100 countries, and it has been translated into 51 languages.
The book was so successful that it was on the New York Times bestsellers list for over six years, and even Oprah Winfrey endorsed the book on her show.
Other actors like Will Smith have used it to teach their kids about financial aspects, factors, and responsibility so they can have a better perspective of what wealth really means.
Although the book had a hard time being published since, initially, it was self-published and then commercially picked by the New York Times, and several publishers refused to stock the book and have it as part of their collections.
When it comes to numbers and earnings, it is a bit hard to come up with a specific number since there aren’t official reports of how much money the book has made since its release.
However, you can go ahead and do a brief research about the initial price of the book, how much it sold during the first years, and based on the average price to have a total.
It will take a lot of work if you ask us, but we estimate that over $300 million have been made considering the number of copies sold till now (2021).
With all these details, you are probably wondering how did the book reach this level of popularity. The answer is simple: due to how relatable and simple it is to understand the financial aspects introduced.
Rich Dad Poor Dad takes us through the journey and perspective of two different people who think entirely differently about money and wealth. When people read it, they just felt identified but, at the same time, took the time to analyze their lives and who they consider being someone “rich.”
It isn’t the best book for finances out there, but it sure is a must-read if you want to learn without going through many technical terms and phrases.
5 Critical Lessons from Rich Dad Poor Dad
- For most people, their professions are their main income. However, for rich people, their assets are their income.
- Fear and doubt are the main barriers to success.
- Think about opportunities, not about those you missed.
- Be brave if you want to be truly wealthy.
- Your mind will always be your best asset.
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