Are your thoughts making you poor or rich?

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If you are an entrepreneur, I'm sure you have read Rich Dad Poor Dad countless times but are you still thinking like poor dad? Are you following the lessons of Rich Dad with your finances? Robert Kiyosaki claims that it took 30 years to fully understand the simple lessons in this book, how could you master these lessons if you don't adapt them to your mindset?

 

WP In Blog Title Image Rich Dad Poor Dad

Introduction: Rich Dad Poor Dad

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

Robert Kiyosaki had the benefit of growing up with two dads with extremely contrasting points of view about money. One became one of the richest men in Hawaii and the other overall struggled financially most of his life; however, his poor dad was not yet poor and his rich dad was not yet rich. Robert had to decide which dad he would listen to dad to listen to.

Growing up, the subject of money was not taught in school so you could only learn about money from your parents. Unfortunately, poor parents could only ever pass on their poor financial programming and mindset. You would then have the choice of either accepting your parent's advice or rejecting it. The benefit of growing up with a rich dad and a poor dad is that he had the opportunity to question both types of thinking.

People shape their lives through their thoughts. Poor dad thought that he deserved to be financially taken care of by the government and a good job because he worked hard and as such does not need to worry about it. Rich dad believed in financial education and self-reliance. As a result, their lives became a self-fulfilling prophecy.

Robert decided to listen to Rich Dad and develop education about how money works. The six main lessons within this book are the same lessons rich dad taught over and over again until they were understood. These lessons are meant to be a guide to your own financial education and wealth building.

Inline Images Rich Dad Poor Dad

As an entrepreneur, you may be building your career or business using the financial knowledge you grew up with. What if success requires a different way of thinking about money? What if your way of thinking is putting your future at risk? Rich Dad Poor Dad is a good source to begin shaping your thoughts about money. I'm sure you have read this book before but have you put it into practice? Have you created a culture within yourself and your team to consistently improve your financial education?

I have probably read Rich Dad Poor Dad a thousand times and I credit it for changing my mindset about money. Yet somehow I find myself doing similar things that poor dad was doing. I forgot that those who aspire to be Rich Dad are in few companies and if we are isolated with poor dad mindsets we can lose our way. I hope through this review I can lay out a plan to implement lasting change.

Hopefully, I was able to present a new point of view on an old reliable book. I hope you are prepared to continue your journey of financial education; because it is a journey. It doesn't end when you reread this book with me. It's not easy to change your life, but you already know it's worth it.

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Works Cited

Kiyosaki, Robert "Introduction: Rich Dad Poor Dad" Rich Dad Poor Dad: What the Rich Teach Their Kids About Money - That the Poor and Middle Class Do Not!, 1997. pp. 12 - 22

 

Tyrone Bufkin is the founder of Tyrone Bufkin Enterprises and a life and business strategist devoted to helping you develop your entrepreneurial spirt in your career, startup, or small business. Tyrone's teaching and coaching style is transparently honest and inspiring while delivering actionable knowledge.