It’s probably fourteen years since I read the book.
But, as it’s the most influential personal finance book in history, a book that’s turned millions of people’s fortunes around, I thought it might be good to re-read it. You see, even though I’d read it long ago, I never took significant action at the time. In fact, it was probably eight years later before I took any serious action. That was about six years ago.
The fact is, anyone who takes the book seriously gets a boost to their financial success. And the more the success comes, the more you appreciate, and continue to learn from, the principles in the book.
So, re-reading it last week provided new motivation and new insights to put into practice.
I’m referring, of course, to the book Rich Dad, Poor Dad: What the rich teach their kids about money that the poor and middle class do not, by Robert Kiyosaki. The book counters some conventional wisdom, or rather “so-called wisdom,” wisdom designed to help people get marginally ahead while keeping a lid on their financial success–keeping them poor and middle class, you might say, but slightly better off within that closed box. Kiyosaki blows the lid off the box.
Here are some great quotes from the book:
“Most people choose not to be rich. For 90% of the population, being rich is too much of a hassle.”
“Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.”
“An asset puts money in my pocket. A liability takes money out of my pocket.”
“Often in the real world, it’s not the smart who get ahead, but the bold.”
“The single most powerful asset we all have is our mind. If it is trained well, it can create enormous wealth seemingly instantaneously.”
“Great opportunities are not seen with your eyes. They are seen with your mind.”
“Rich dad believed that the words ‘I can’t afford it’ shut down the brain. ‘How can I afford it?’ opens up possibilities, excitement, and dreams.”
The more I act on the principles in the book, and the more I expand my context to see greater and greater possibilities, the more convinced I am that Kiyosaki has it right.
The book was refreshing, yet again, emphasizing things I always need to be reminded of. . . .and I believe everyone can learn from.
So, to put my money where my mouth is, I’m making a special offer to you: I’ll send a copy of the book to the first ten people who request it, provided you’ve never read it before and you agree to send me a short review or testimonial after reading it.
Rent 2 Own tip:
Never get involved in an informal rent 2 own deal. There are very specific rules that must be followed or CMHC will not honour your agreement at the end. Unless the provider is trained in these details, you stand a good chance of being disappointed when you attempt to close on your deal.
Quote of the Week:
So many people say, “Oh, I’m not interested in money.” Yet, they’ll work at a job for eight hours a day.
– Robert Kiyosaki