LM 30-Day Challenge Day 12:

Best 8 Lessons From Rich Dad Poor, Dad (or Secrets Of The Millionaire Mind)

Robert Kyosaki is known to many millions of people worldwide for his best-selling book Rich Dad, Poor Dad, which has become something of a work of reference for a whole generation. It presents a new way of thinking about your wealth education, and how your background may have influenced your mindset.

To show that you have read and understood the Master Work of the Guru Robert Kyosaki, you need to learn, analyze and memorize some of his best-known quotations from the book Rich Dad, Poor Dad. With this knowledge, you can greatly impress your audience at any social gathering, by giving your personal views about Robert Kiyosaki´s theories.

1

Here is quite a philosophical quotation from Robert Kyosaki´s book to start with. You can drop it into any discussion about religion, without offending anyone:

“Everyone wants to go to Heaven, but no one wants to die.”
― Robert Kiyosaki, Rich Dad, Poor Dad.

You won't find anyone who will argue with that philosophy either.

2

Here is another philosophical quotation, which could be a little more contentious:

“An important distinction is that rich people buy luxuries last, while the poor and middle class tend to buy luxuries first.”
― Robert Kiyosaki, Rich Dad, Poor Dad.

Some people would argue that the poor would be the last to buy luxuries, and in fact, in their lifetimes may not be able to afford even the lesser luxuries of the rich. Some rich people, such as Warren Buffet, for example, are notoriously frugal. On the other hand, some rich people are quite extravagant with their wealth. The middle class can cover quite a broad range of society, and perhaps this is the group who will push their expenditure limits with credit so as to afford luxuries and to live life having a good lifestyle.

3

Here is a very brief truism:

“Know a little about a lot.”
― Robert Kiyosaki, Rich Dad, Poor Dad

It is difficult to quite comprehend, where the parameters of ¨little¨ and ¨lot end¨. I would suggest that in these days of more and more specialism, it may be better to ¨know a lot about a little¨, rather than Robert´s suggestion.

4

Here is a saying which is based on people-watching of human behaviour:

“Most people go along with the crowd. They do things because everybody else does it.”
― Robert Kiyosaki, Rich Dad, Poor Dad.

I think that most people would agree that there is a herd instinct of human beings, that people tend to follow those who show leadership in any group. However, to argue that most people go along with the crowd is a little bit of a false assumption. In the United States, although Donald Trump became President, with a nationalistic people´s movement behind him, it was hardly a landslide victory.

Similarly, in the United Kingdom, there was a small majority in favour of leaving the European Union in 2016. Opinion poll figures have stayed broadly balanced between Leavers and Remainers, ever since then, and there is no clear cut majority to leave the European Union or even agreement among the political parties. Only a second referendum, which puts in front of the electorate all the currently known facts and projections about the implications of Brexit, such as investment being cancelled and job losses on a large scale, food and medicine shortages, would be the way to definitely know what public opinion is at this point in time, 3 years after the referendum, and on the eve of BREXIT in a not very orderly manner.

5

Here is an amusing quotation from the book:
“I thought it best to go broke before 30,
you still have time to recover”.”
― Robert Kiyosaki, Rich Dad, Poor Dad.

It invokes a rather fatalistic assumption that you have a choice about when you may go bankrupt, and also that you could possibly intend to do that at some point while trying to optimize the time at which you did it.

6

The next quotation is similar to the previous one about conformity:

“It is that same fear, the fear of ostracism that causes people to conform
and not question commonly accepted opinions or popular trends.”
― Robert Kiyosaki, Rich Dad, Poor Dad.

I think this is a myth because in any society you can have wildly different but strongly held views.

7

This is a very broad sweeping and contentious statement:

“When it comes to money, the only skill most people know is to work hard.”
― Robert Kiyosaki, Rich Dad, Poor Dad.

It is broadly true that most people work hard for a living, but it is somewhat insulting to most people to imply that they only know about hard work rather than any financial expertise.

8

Here is another quotation which is broadly rooted in human behaviours:

“The fear of being different prevents most people from seeking new ways to solve their problems.”
― Robert Kiyosaki, Rich Dad, Poor Dad.

Many people do have a fear of being perceived that they are different. However, there are some leaders, who do dare to be different and to stand out from the crowd. These leaders will attract followers to their strongly held views and arguments.

Robert Kyosaki is definitely a business leader because he had a train of thought, which he projected into theories which he wrote down for posterity. Even though people may not agree with all of his thoughts and theorems, those thoughts generate comment and discussion, which must be healthy.