Rich Dad Poor Dad, if you didn’t already know, is one of the books written by Robert Kiyosaki. The idea of the book came from his experiences with two ‘fathers’ while growing up. One father was a traditionally educated man that went through college and had a corporate style career in education. The other father figure, who was actually a friends dad, never graduated college or did well in school in general, but created and ran successful businesses that made him rich. The lessons learned from each father were invaluable to making the book a success because people rarely get to see both sides of the financial spectrum at the same time. His experiences help him explain the differences in the mentality between rich and poor people in a way most people are able to grasp.
Go To School, Get Good Grades, Get a Good Paying Job… Maybe.
As times change so does the way we earn money. The classic advice of our parents and grandparents is to ‘get a good education, find a good job at a good company and the company will take care of you. The sad part about that is that many people still believe that! Times have changed which also changes how we earn money. The problem with that is the advice for how to earn money hasn’t changed with it.
Why the Rich Don’t Work for Money
This is probably the most important step to start understanding how to create wealth in your life. Robert Kiyosaki explains that there is a trap most people fall into that is fueled by fear and greed. It is the trap of trading your life for money and almost everyone has their price. Once the right price is offered, by a company or job the person is trying to get, the snare is set. The fear of not having money to buy the necessities in life is the emotion that causes people to seek out jobs. It is the greed of finally getting the money and starting to think of all the things you can buy with it that trap a person. The fear and greed causes the person to continue waking up early and wasting their life away at a job they probably don’t even like. And all it takes to keep them in the trap is a measly little raise each year that probably doesn’t change anything in their life. So, working hard for money will never change your life. A job is actually a short-term solution to a life long problem. It only solves the problem for the time being because as soon as you stop working the money stops and the problem persists.
Why Just Being Rich Doesn’t Solve Everything
Since fear and greed are an emotion, having money in itself doesn’t always solve the problem. If a mental shift is not made and we are unable to change our emotions from controlling us the problems will continue. The problems like being scared of not having enough money will persist. On top of those problems the rich person also fears losing the money, of what people will think of them if they don’t continue being rich, of not being able to earn more and buy even nicer things. The emotions of fear and greed are still there even though money and abundance are present. That mental shift needs to happen.
Don’t Be The Donkey Chasing The Carrot
Robert Kiyosaki compares most peoples lives to a donkey chasing a carrot. People are so focused on chasing that next pay check they never take the time to step back and see where it is taking them. It’s just like the donkey chasing the carrot on a string in front of him. It is getting the rider where he wants to go, but the donkey is only chasing an illusion. If the donkey only knew what was going on he may reconsider chasing after that carrot and decide its not worth it. We need to do the same and take a step back.
‘Living our lives in fear, never getting to achieve our dreams, working hard for money, waking up in the middle of the night terrified about paying bills is no way to live.’ says Robert Kiyosaki. Realizing a job is only a temporary solution to money problems and learning to ‘use our emotions to think instead of think with your emotions’ is an important step to getting out of the trap. Continue asking yourself ‘is working harder really going to solve my financial problems?’ Once you realize it won’t solve your problems your conscience and sub-conscience mind will start looking for ways to solve this problem. Start researching wealthy people, what they do and how they do it. Ask questions, read books, listen to audios and go to seminars. Find out what the rich are doing and how you can emulate them instead of your carrot chasing co-workers.