The process of creating an essay about Rich Dad Poor Dad generally consists of the following steps: understanding the assignment, identifying the topic, collecting information, organizing the information collected, developing the main statement, writing a draft Essay text: It is here that the boys discover that those who make money do not work for money, their money works for them. Next "Rich Dad" lets the boys continue working but for no pay this time, which forces them to think outside the box that receive that 30 cents had put them in 4/12/ · The poor dad is a highly educated professor who lacks financial literacy skills. As a result, he never makes it financially despite working hard while the rich dad, who was financially intelligent, invested in assets, undertook risks, and achieved great financial success. The poor dad emphasized on education as a way of achieving financial success
Rich Dad poor Dad - Words | Essay Example
The author compares the approaches for success that each of the two fathers taught him. He compares their financial intelligence and business skills; qualities that his real father, the poor but highly educated man, rich dad poor dad essay, lacked.
In Chapter 1, Kiyosaki tells of his early life with his friend, Mike, as boys growing up in Hawaii. Unsatisfied with the pay, Kiyosaki asked for a pay rise but received a pay cut instead. They both opted to learn the moral of the lesson despite the rich dad giving them a significant pay increase as an option. They learnt the important lesson that, the rich do not work for money; no, money works for them rich dad poor dad essay employing other people to work for them. In Chapter 2, the author explains the importance of financial intelligence in achieving financial success.
He argues that wealth lies in the ability to identify opportunities and utilize them. He compares the rich and the poor in terms of risk-taking, whereby the poor and the middle class prefer to play it safe and avoid risks, rich dad poor dad essay. The poor on the other hand spend more than they can keep.
Another important lesson described in the book is that taxation only affects the poor. The rich avoid heavy taxations through corporations, which offer tax exemptions and protection from litigation. This phenomenon offers an ideal way for the rich to protect their wealth. The author also explains that self-confidence in business and financial literacy involving investments is more important than saving small sums of money monthly.
The author rich dad poor dad essay describes the importance of working to acquire skills instead of working for money. Skills in accounting, rich dad poor dad essay, market trends, and business laws enable the rich to achieve financial success, rich dad poor dad essay.
The author also describes the importance of education in business and describes the skills such as management skills that individuals need to achieve success. In addition, the author describes the obstacles including human traits that hinder financial success and offers the tips for expanding personal wealth.
He feels that the poor work hard for less while enriching the employers. In addition, the author holds the rich dad poor dad essay that individuals should invest more in solid assets and cut down liabilities to achieve financial prosperity. Interestingly, the author depicts the poor dad as well-educated but lacking business skills showing that education is less important in achieving financial success. Later, in Chapter 6, he stresses the importance of education and training to enhance business and investment skills.
In addition, the author recommends that financial success can be achieved through employing intelligent and trained minds.
The idea that financial literacy leads to financial independence concurs with the story of the two dads. The poor dad is a highly educated professor who lacks financial literacy skills. As a result, he never makes it financially despite working hard while the rich dad, who was financially intelligent, invested in assets, undertook risks, and achieved great financial success.
The poor dad emphasized on education as a way of achieving financial success. However, rich dad poor dad essay, the rich dad groomed the author on business skills that turned out to be important in achieving financial success. In the story, the author explains that the rich do not work for money; instead, they hire intelligent minds to work for them. In my opinion, I think the rich also need to work to some extent particularly in managing workers and their investments.
By investing in assets and businesses, I can become self-employed and avoid exploitative, unrewarding, unsatisfying jobs. In addition, financial literacy is an important lesson for professional individuals. Understanding basic financial skills can help one create and grow wealth.
However, the author did not come out clearly on how training or education helps an individual to develop financial intelligence.
Rich Dad Poor Dad provides vital lessons and tips to the reader on attaining financial success without much struggle. In addition, it outlines the necessity of financial literacy as a vital tool of success. However, it fails to accord importance to training or education. In a scale ofI would rate it eight. Need a custom Essay sample written from scratch by professional specifically for you? certified writers online. Select a website citation style:. Rich Dad poor Dad.
Table of Contents. Summary Analysis Reflection Conclusion. Learn More. We will write a custom Essay on Rich Dad poor Dad specifically for you! This essay on Rich Dad poor Dad was written and submitted by your fellow student.
You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. Removal Request, rich dad poor dad essay. If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda.
GET WRITING HELP. Cite This paper. Select a website citation style: Copy to Clipboard Copied! APA-6 MLA-8 Chicago N-B Chicago A-D Harvard. Reference IvyPanda.
Work Cited "Rich Dad poor Dad. Bibliography IvyPanda. References IvyPanda. Copy to Clipboard Copied! Check rich dad poor dad essay price of your paper. Stuck with your assignment?
Do you need an essay to be done? How many pages words do you need? Let's see if we can help you! Yes Other assignment.
Research Paper Report Case Study Assessment Discussion Board Post Other.
Robert Kiyosaki 2019 - The Speech That Broke The Internet!!! KEEP THEM POOR!
, time: 10:27Rich Dad Poor Dad Essay | Many Essays
12/3/ · Rich Dad, Poor Dad written by Robert Kiyosaki is a story of Robert as a youth learning about monetary lifestyles. Kiyosaki had two fathers, his biological and his best friends, each taught him different things as far as how important money is and what he should do with money when he gets it 2/3/ · A book review on“Rich Dad Poor Dad” Author: Robert T. Kiyosaki Title: Rich Dad Poor Dad Theme: The importance of the financial literacy Thesis: What the Rich teach their kids about money – That the Poor do not. “Rich Dad Poor Dad” by Robert T. Kiyosaki is very popular book on finance on the market today.. This is a true story from the author’s The book 'Rich Dad Poor Dad' by Robert Kiyosaki and Sharon Lechter, is a book that promotes financial freedom through participation in owning businesses, real estate, investing and implementing of finance protection methods is a requirement. The style of writing is a set of allegories founded on Kiyosaki's life experiences and upbringing in Hawaii
No comments:
Post a Comment