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

Product Information

Robert Kiyosaki recommends taking on jobs where you can learn new skills instead of jobs that pay the most. 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. 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. I kept reading despite this because I've officially started MBA courses and I recognize that if I won't find something to love in Business, I will not be able to complete this degree, let alone succeed. That is a shame because people's amazed faces when I share my degrees is such an ego boost (which I desperately need cause cheers for crippling imposter syndrome). My rich dad just played the game smart, and he did it through corporations– the biggest secret of the rich.”

When companies downsize, employees often blame the owners for being unfair. In a news story he saw, Robert Kiyosaki shares, “A terminated manager of about 45 years of age had his wife and two babies at the plant and was begging the guards to let him talk to the owners to ask if they would reconsider his termination. He had just bought a house and was afraid of losing it.” Inside of us is both someone brave and someone who will get on their knees and beg. There is another option for the marketability of this book, but it is not one I like to think about: depressed people who feel their lives going nowhere trying to stave off depression by clinging to untenable dreams. For these types, self-help and new age books act like a surrogate (or additional) religion: bolstering their self-esteem and making them feel as if their dreams are truly within reach.If you just want some motivation, please try another book such as " The Millionaire Next Door." If you want sound personal financial advice, please read "The Only Investment Guide You'll Ever Need." The biggest challenge poor people have is knowing the difference between an asset and a liability. Knowing the difference between the two can help you become rich.

This book goes on my shelf of four books I read over and over, books I read devotionally. It totally revolutionized my outlook not only on making money, but also on education. I wish everyone would read this. I wish the close-minded, those who graduated from whatever school they attended and haven't allowed themselves a new thought since, could break through the stone walls they have erected around their souls and let this in. This message can save our world! I am not exaggerating. The thing is that some of the advice written in the book can only work when there are classes of people, the rich and the poor. If everyone decided to live by the rules in this book then it won’t work because it depends on people working with low salaries and shitty circumstances just because they won’t fight against it. The world is not comprised of “the rich”, “the middle class” and “the poor” and even if you look at it that way, it is a dangerous (and derogatory) to consider that people are poor because they don’t make their money work for them. Because they’re “losers” (I shit you not) who are too scared to take a risk. Don’t let doubt cause you not to act. Avoid remarks from friends and family, such as, “‘What makes you think you can do that?’‘If it’s such a good idea, how come someone else hasn’t done it?’‘That will never work. You don’t know what you’re talking about.’” When Robert Kiyosaki had quit his high-paying job, his poor dad had a heart to heart talk with him, failing to understand his mindset for quitting.

Losers are defeated by loss. Winners are inspired by loss. You can still hate losing without being afraid of it. 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.” However, there is a difference between being a doctor and telling someone they have cancer to help them move on, and lying that there is no cancer because it seems more 'kind' or 'uplifting'. The latter, is, of course, morally reprehensible (said the atheist). Most people say they’re too busy to focus on their wealth and health, but really they’re avoiding it. He also gives poor advice in finances and investing. For example, not adhering to diversification. Or getting out of a stable job (a.k.a. "rat race") where "even if you win you're still a rat."