Rich Dad, Poor Dad Review – Revisited Ten Years Later
The Rich Dad, Poor Dad book was written in 2000 already 12 years ago! But even when you read the book now, it is still as up-to-date as it can be. The book has certainly held up to the test of time! A lot has happened financially in the past 12 years, and a lot a the book’s predictions came true.
When I first read the book, I primarily liked how he viewed the world from a different perspective. It got me to think differently about business and investing than previously.
Rich Dad, Poor Dad, should be viewed as a general starting point – an investment/startup summary, rather than a list of specific items to do as an entrepreneur.
Robert Kiyosaki emphasizes six key points throughout the book. It’s the differentiator between his “poor” dad (his real dad), and the “rich” dad that helped him understand business and become wealthy.
- The rich don’t work for money
- The importance of financial literacy
- Minding your own business
- Taxes and corporations
- The rich invent money
- The need to work to learn and not to work for money
Flawed Educational System
As Robert mentions many times in the book, our traditional educational system is flawed. Our education system is designed primarily to create employees and could be a negative influence for an entrepreneur. As Kiyosaki mentions, he’s not suggesting don’t go for higher education, he’s suggesting higher education does not assist with “street smarts”.