The Greatest Wealth Transfer in the History of the World: A Review of Rich Dad Poor Dad

If you have not read Rich Dad Poor Dad by: Robert Kiyosaki, I highly suggest it. It teaches a new form of financial intelligence that is missing from the majority of our lives because it is never truly taught in our schools systems. Ideas like paying ourselves before the government, or letting our money work for us, or investing with pure profit may have never crossed our minds before this. Published in 1997, this book is still relevant, if not more relevant than before with our current economic state.

Rich Dad Poor Dad is written from the perspective of Robert who as a child was taught by two people. His father was a PhD but poor. His father’s friend never finished school but was ultra savvy in the business world and became his mentor and second father, hence the title. It is a great case study on how two different perspectives have to extremely different outcomes.

Go to school and study hard, so you can get a good job”. That is what I heard growing up my whole life. This concept is no longer reality, yet it remains ingrained in our culture. Schools teach you to how to become great workers not employees. They teach you to think like the group, not for yourself. Financial skills are just as important as scholastic skills, yet they remain mostly absent in our school systems. It was difficult for me to care about school when becoming an employee was not something I ultimately wanted. I told my father I was reading this and he said he tried to get me to read it when I was 13, go figure.

Our old ideas are our biggest liabilities. Rich Dad Poor Dad is a great example of how easy it is to learn financial intelligence. He literally shows a simplified cash flow statement that anyone can understand. He redefines the common perception of an assets and the concept of retirement. The book also explains how more money does not solve your problems, it often times amplifies them. Intelligence solves problems and that will generate money for you.

I suggest reading this book then putting the methods into practice immediately. Do not let others around you hold you back because they are unable to succeed on their own. Fear makes people so afraid to succeed they fall victim to self sabotage when in reality risk is easy to manage. Click here for more information on this book.

Other books I recommend.

Chris Ankele About Chris Ankele
Chris is a college student, entrepreneur, consultant, investor, an empowerment to young adults and most of all, a dreamer. His passion is to influence the way his generation seeks success. With a seemingly overwhelming amount of ideas in his head, he has become committed to changing the way the world works for the benefit of humanity.