Rich Dad, Poor Dad, is a classic for entrepreneurs, written by Robert Kiyosaki, who was a pioneer in his viewpoint and teaching on financial intelligence.
If I had to re-start my entrepreneurial all over again I would have spent the first few weeks just reading books by successful entrepreneurs without investing a dollar in anything else. Just increasing my intellect and understanding of how the world of business works.
That is not the say that I have any regrets, but in coaching or consulting anyone, I would highly recommend the bulk of the time and money spent at the beginning would be on books. That is also why you see me writing blogs about every single book I read, and promote it heavily to my followers.
When I first started my entrepreneurial journey I read Cashflow Quadrant, which was advised to me early on. Another person made a comment saying it is basically a repeat of RICH DAD, POOR DAD. Unfortunately, I believed that comment, or took it as somewhat true, and over 1 year later, I have only just recently been listening to RICH DAD, POOR DAD. I just finished listening to that book.
That comment was untrue. The books are vastly different. Sure, there are similarities. But the content in Rich Dad, Poor Dad, is NOT the same. Both are important. And in fact, I would recommend Rich Dad, Poor Dad is read FIRST.
I also was told that SECRETS OF THE MILLIONAIRE MIND is similar to Rich Dad, Poor Dad – that too is misleading and untrue.
That brings me to a point where you really need be careful who you listen to. That is definitely something I learned from this.
Rich Dad, Poor Dad, brings up some incredible points and viewpoint on how to treat money, the history of taxes, ideas of investing, examples of financial intelligence, and reality of creating wealth.
Here is a short clip where Robert presents some of the concepts.
For anyone who has not read it, I highly recommend it. It is a must for entrepreneurs.
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