RICH DAD POOR DAD summary chapter 1
“ The poor and the middle-class work for money. The rich have money work for them” ROBERT T.KIYOSAKI
RICH DAD POOR DAD Introduction summary: Robert considers himself having two Dads, one his real father who was educated and highly intelligent but always struggled financially while the other one who was his friend Mike’s father, who never finished eighth grade but left tens of millions of dollars for his family. Having two Dads offered him the choice of contrasting points of view: one of rich and one of a poor man.
RICH DAD POOR DAD summary chapter 1: The author shares story of himself as a nine years old boy, telling his real or poor father about Jimmy who had not invited him and his friend Mike on his beach house for the party considering them poor kids. He asked his Poor dad “ How to get rich?”. “Use your head” his dad replied as he don't know about how to make money. Robert and his friend Mike then started a business, both being nine years old tried to make coins at Robert’s house at which his poor dad and his friend laughed and his dad suggested him to take advice from Mike’s dad although he was not much rich at that time but he knew a lot about Money.
At first, Robert didn't get what Mike’s father wants to make him learn by working for only ten cents an hour but when he decided to quit job then rich dad told him, this was the lesson he wants him to learn that if he worked for money he will end his life earning much less than what he deserved. “ Rich don't work for money, they make money work for them,” he said. For poor people, the rich dad said “They have a pattern, the pattern of get up, go to work, pay bills; get up, got to work, pay bills. This is what I called the Rat Race. People’s lives are forever controlled by two emotions: fear and greed”. So many people say “Oh, I'm not interested in money.” Yet they will work at a job for eight hours a day. “ The main cause of poverty or financial struggle is fear and ignorance, not the economy or the government or the rich,” he said. He further explained the trap as a picture of donkey dragging a cart with its owner dangling a carrot in front of its nose and not observing the whole picture donkey is living in ignorance. Rich dad went on to explain that the rich know that money is an illusion, truly like the carrot for the donkey. He tried to explain to them that most people don't see opportunities as they are always looking for money and a secure job to pay bills. Robert and Mike heard all these points and while working at one of Rich dad’s store, Robert saw an opportunity and started a comic library with comic books which were not for sale and it was only because he got Rich dad’s point that you should not allow your emotions i.e fear and greed to overcome you while thinking for money. Instead, use your mind and then you will be able to see opportunities.
