Financial Education: The Key to Rich Dad Poor Dad

If you think a balance sheet is a piece of linen that helps you with your equilibrium, there’s probably a good reason why you have not achieved your financial goals.  And make no mistake about it, no matter what some authors tell you, becoming wealthy is much more complicated than sacrificing your daily latte.  Instead, wealth is a matter of education.  That’s the idea behind Robert Kiyosaki’s classic 1997 book, Rich Dad Poor Dad.

Rich Dad Poor Dad

Make no mistake about it.  If you have ever listened to anyone who knows anything about making money, it’s often like being in a foreign country, with all the buzzwords and complicated concepts to be heard and understood, but just like visiting a foreign country, once you understand the language and the concepts, you will be in a better position to absorb everything and learn a lot that you can put into play.

The same is true for earning your way to wealth and prosperity.  Once you understand the language of business and how the concepts work together to form a unified whole, you can better understand what the gurus (not to mention the financial books and newspapers) have to teach you.  That’s the whole idea behind Rich Dad Poor Dad, which gives the reader a basic understanding of financial matters so they can use them to their benefit.

Kiyosaki is careful from page one to tell the reader that his book is not a complete financial education, but once you read the book, you will be in a good position to understand the concepts of financial matters and use them to help you build a bright financial future.  Will you get rich by reading Rich Dad Poor Dad?  It’s hard to tell, but the results reported by numerous readers are encouraging.  You have nothing to lose by reading Rich Dad Poor Dad, only the financial mistakes of the past and perhaps a financially independent future.

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!

Author: Ricky Singh, MBA

Editor of The Startup Growth.

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