By Schuyler Cristopher
Today, I'm going to share some life-changing wisdom from Robert Kiyosaki's iconic book, Rich Dad Poor Dad. 📚 This book is a must-read for anyone who wants to understand how money works and build a strong financial foundation.
Kiyosaki's story starts with a simple but profound observation: most people work for money. 💰 But the rich have money work for them! 🤯 This means they invest their money in assets, not liabilities.
But how do we learn this crucial distinction? Kiyosaki reveals a pivotal moment in his childhood where his rich dad taught him this lesson in a way that he'll never forget. He was only nine years old when his rich dad made him work in his convenience store for a measly 10 cents an hour. Not only that, he was made to wait for hours before being hired and then again to receive a raise! 🤯
This experience, although seemingly cruel, was all part of his rich dad's unique teaching method. He wanted to force Robert and his friend, Mike, to think differently about money and to break their ingrained “work for money” mindset. He wanted them to see the trap that most people fall into. The trap of fear and desire.
Think about it this way: a person who is afraid of not having enough money might immediately jump into a job to earn money, hoping to alleviate that fear. 😟 However, their rich dad taught them to ask this question: "Will a job be the best solution to this fear over the long run?" 🤔 He believed that this question, and the ability to think deeply about it, was the key to escaping what he called the “Rat Race.”
It’s a cycle that’s fueled by fear and desire and driven by the belief that you need to work harder to make more money. But Robert says, that’s a lie! 🙅♀️
He argues that most people just become slaves to money, working their lives away, but never really understanding how it works. Instead, they seek job security, hoping a promotion or raise will fix their money problems. But it’s not about the money!
It’s about building a solid foundation and using your financial IQ to manage your money, not let it manage you!
Finally, Robert’s rich dad stressed the importance of teaching and giving back to others. He believed that the more you give, the more you will receive. This is the power of reciprocity!
Robert found that teaching people about money helped him learn even more. If you want to become financially literate, teach someone else. You’ll be amazed at how much more you learn in the process. “God does not need to receive, but humans need to give.”
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