In the book Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!, Robert T. Kiyosaki presents two opposing perspectives on financial wellbeing. He writes that the main difference between Rich Dad and Poor Dad is the former’s attention to understanding how money works and the latter’s neglect while solely focusing on education (Kiyosaki 12). In the first chapter, Kiyosaki discusses the attitudes of these two categories of people toward funds while emphasizing the fears of poor people opposed to their rich counterparts’ value of innovation over stability (17). In this way, the main factor is one’s approach to what money gives.
Prioritizing Assets over Necessities
In the following chapters, the author narrates about financial literacy and investments. In terms of the former topic, he claims that one should be able to distinguish between assets and necessities to become wealthy (Kiyosaki 47). In the latter case, he speaks about the need for investing in these assets while also being aware of the time spent on these tasks while taking into account taxes (Kiyosaki 71). These two ideas complement each other by providing a solid basis for managing available funds.
Search for Opportunities and Experience
In the fifth and sixth chapters, Kiyosaki writes about investing in detail and the proper focus on work instead of money. In the former section, he states that the success of rich people is conditional upon their ability to find opportunities (Kiyosaki 93). In the latter piece, Kiyosaki explains that one’s promotion and financial well-being depend on the attitude, which should be based on prioritizing experience over funds (Kiyosaki 110). Thus, the main lessons for college students from the book are the need for taking into consideration the actual value of finances and learning to manage them.
Work Cited
Kiyosaki, Robert T. Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! Plata Publishing, 2017.