Rich Dad Poor Dad

The funny thing is that the books that had the biggest impact (like my Verne’s favourite) are not necessarily the best books, objectively speaking. They were good enough to present a new worldview that I was not aware of. Timing probably was more important than their intrinsic literary qualities. They “managed” to fall into my lap at the right time. Such a book was Robert Kiyosaki’s “Rich Dad Poor Dad”, a mediocre book by my standards of today, but deeply inspirational by the ones from yesterday.

The first business book I ever read was Rich Dad, Poor Dad. My father gave it to me when I was about 14 or 15. Just the other week an old friend of mine reminded me of when I read it. She said I wouldn’t shut up about it for months. It influenced me greatly at a time of growth and helped put me on the entrepreneurial journey

It may be cliche, but Robert Kiyosaki’s Rich Dad Poor Dad impacted me greatly and helped start me on my path towards being an entrepreneur. It was given to me from a friend of a friend who started his own business. I think a lot of entrepreneur books try and sell a secret tip or convince you that success can only come from following specific steps. Personally, I don’t believe that and I think that kind of thinking can limit a person’s creativity or ability to adapt and try new things. The thing I love about Rich Dad Poor Dad, and the reason I think it’s a great book for people just starting out, is how it doesn’t try and sell a formula. All it asks of its reader is to think critically to create success.

The first book that inspired me was actually Rich Dad Poor Dad by Robert Kiyosaki. I read the book when I was 12 and provided me with another perception of school and money. It was a good starting point for me to reconsider everything that was taught in school. School does not prepare us for life after graduation. Robert’s lessons inspired me to seek experiences and advice beyond the typical school system.

The business book series that set me on the path to entrepreneurship is from Richard Kiyosaki - from Rich Dad, Poor Dad to the Cashflow Quadrant, and his other books. My paradigms shifted after reading those books and made me decide that in order to achieve some arbitrary financial goals, what I was doing at that point in time (being a company lawyer) wasn't going to enable me to reach those goals, and therefore that I should go into the B (business) quadrant since I was more interested in that than the I (investor) quadrant.

It gave me a clear overview of what financial education is and how important it is to understand the true meaning of being financially free.

My favorite book on business is Rich Dad, Poor Dad. Which might be a little cliche. But for me it’s exciting because it really reaches the fundamentals of what all business is about; discovering ways to create value for people.

Many years ago I was trying to figure out how to invest my Roth IRA (retirement account). I went to Barnes & Noble and happened to read Rich Dad, Poor Dad (Robert T. Kiyosaki) and my major takeaway was that I needed to start reading 1 hour a week about personal finance and investing. After I started medical school, I had stopped reading about everything outside of medicine. But after I read that book I read a lot of books about personal finance and investing and learned how to manage my own finances and investments.

When I was reading Rich Dad, Poor Dad. Kiyosaki described the difference between how employees are taxed and how business owners are taxed. I immediately saw a $20,000 difference in what I would have brought home the previous year. At that point, $20,000 was a really big deal!! It was the moment that I realized that I needed to stop being an employee and start being a business owner.

The first business book I read that perhaps inspired me to read more was Rich Dad, Poor Dad by Robert Kiyosaki.

I’ve got a few, one book that really impacted me early on as someone coming from a middle-class family was “Rich dad, Poor dad”.

Strange title, but it let's you redefine how you see work.

Rich Dad Poor Dad teaches you how to identify where you should be spending your time and investing based on your strengths and your passions not just because, for example, your parents are buying property, so you get into property, which is something I did and I didn’t really care about it so I didn’t really do super well with it.

The books that had the biggest impact are the ones that are controversial and challenge people's beliefs around work, relationships, life, and money most of them were things I already thought about (that's how I found them or decided to read them) but just by putting it in an actionable and structured way it made me think 100x more clearly about my goals and beliefs. Such examples could be the 4hww, Rich Dad Poor Dad, F.U. Money, The Five Love Languages, So good they can't ignore, Predictably Irrational and Ego is the Enemy are the ones who stand out the most.

Rich Dad Poor Dad changed my perception on how to manage my personal finances.

My favourite book is "Rich Dad, Poor Dad" by Robert Kiyosaki. It has opened my mind about the possibility of earning passive income, change the mindset to think differently to achieve it and it has inspired me to teach people about this too so I can help them to become financially free.

One of the most important ones that comes to mind is somewhat cliche: Rich Dad Poor Dad. My roommate recommended it to me in college and it was one of the first "business books" I read. It hammered home the idea of buying or building assets instead of liabilities or "stuff", investing for cash flow, and freeing yourself from the rat race when your business or investment income exceeded your expenses. Pretty simple, but powerful for my impressionable 19-year old mind!

It was a great introduction to the personal finance and business world, and I credit it for sparking my entrepreneurial spirit. It’s for sure the first book I would recommend to young people. It’s not the kind of book that I would read now, because of its “soap opera” stories and over-motivational style, but I certainly recognize its role on “opening my eyes” and dramatically changing the way I think about money.

Rich Dad Poor Dad book helped me open my mind about finance and got me interested in escaping from this rat race. I can still clearly recall this particular quote, “You're only poor if you give up”, which since been a constant source of motivation for me.
It inspired me to focus, though specifically on these two areas, excelling in building businesses and also in investing into financial asset.

I love Rich Dad, Poor Dad a lot. It has shaped my business mindset from “saving” to “investing” and spending on “assets” rather than “liabilities”.

Nowadays we can easily find all the technical knowledge, the so-called “Tips”, “Tricks” to growth hack the business, to manage and influence people. They are available at no cost and so I believe I won’t need to recommend any books of the like.

Yet, there are few books like Rich Dad, Poor Dad that can powerfully shape the mind of first-time-reader (or so I believe). I believe having a good mindset and the motivation to stick to our business is the most important when kicking off a business. Youngsters have energy and ideas, but they burn out just as quickly as when they found their company, both mentally and physically. At that time, the only thing that will, and can, keep them going is their mindset, their belief.

In general, I recommend Rich Dad Poor Dad by Robert Kiyosaki to learn more about assets and liability and how to view money.

This book started everything for me and put me on a path to a rich mindset, it helped me understand that dreaming wasn't enough, you had to actually place that dream into reality if you ever want to achieve it.

This is a quick read and a good read as an eye-opener.