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Essay on Rich Dad, Poor Dad- Robert T, Kiyosaki
Robert Toru Kiyosaki (born April 8, 1947) is an investor, businessman, and author. He was born and raised in Hawaii, attended the U.S. Merchant Marine Academy, and served in the Marine Corps as a helicopter gunship pilot during the Vietnam War. After leaving the Marine Corps, he worked as a copier salesman for Xerox before embarking on a career of investing and teaching. He is married to Kim.
Kiyosaki is best-known for his books on investing. His first bestseller was titled Rich Dad, Poor Dad, and is an attempt to change the mindset of the average employee. Kiyosaki talks about his "poor dad", who was his actual father, who was the Superintendent of the Hawaii State Department of Education but had very little real net worth, as well as his "rich dad". According to Kiyosaki, his rich dad was his best friend's father who became very wealthy by investing his smaller salary into income-producing investments, and became truly rich in so doing.
Kiyosaki uses the "rich dad, poor dad" comparison to illustrate his view that the majority of people are stuck in what he refers to as "the rat race"—living paycheck to paycheck and spending all of their time working to pay bills. In his books, Kiyosaki advocates tax-advantaged investment vehicles, such as real estate or businesses, rather than the traditional individual ownership of securities. He describes what he calls the cashflow quadrant, which is an attempt to differentiate between Employees, Self-employed or Small business owners, Businesspeople (as in those who buy and sell businesses, rather than running their own), and Investors.(Web,1)
I had two fathers, a rich one and a poor one. One was highly educated and intelligent; he had a Ph.D. and completed four years of undergraduate work in less than two years. He then went on to Stanford University.....
