Summary
In this document we will talk about the exploration of the book "Rich dad, poor dad" about its methodology and functionality in real life, as well as the knowledge that we must have to be successful, such as knowledge in accounting, administration, sales, etc. Within this material the lessons proposed by the author are compared and how they could be useful. It is important that the reader opens his mind to be able to acquire another perspective to which we have been transmitted throughout our lives, it is worth mentioning that professional and financial education should begin at home, since since we were children we have the ability to learn.
Rich father poor father. Real life and school education
1. Introduction
The education schemes are focused on training professionals, transmitting knowledge and developing our professional skills, however they do not emphasize opening the minds of students to aspire to something more than just employees. That is why this essay is about the material of the author Robert Kiyosaki from his book "Rich dad, poor dad" in proposing a methodology to become millionaire people through his experience having two parents, his poor father who was an intelligent educator that he asked that he get good grades and his rich father, who told him to invest. This document will explore the 6 lessons proposed by Robert who advises us to invest, create assets, undertake, understand government, etc.
2. Background
Robert Kiyosaki born in Hawaii, author of the book "Rich Dad, Poor Dad" where he talks about the importance of financial education, and that this is not taught in schools, but is learned in real life. “He comes from a family of educators… In 1977 he founded his first company that brought to the market the first nylon velcro wallet for surfers, which grew to become a worldwide multi-million dollar product…” (Kiyosaki 2000).
Nowadays, most people believe that by having good grades, a university degree, they will get good jobs and be rich, so… the question is… Is it like this in the real world? What do our parents and teachers teach us?
Although we know there is no one hundred percent sure method to become millionaires, however Robert Kiyosaki in his work of "Rich dad, poor dad" makes us reflect and think that becoming rich is a decision, it is freedom, not only knowledge.
That is why with this essay we seek to delve into their material and answer the questions that several of us as students, future workers, as parents and teachers… What do they teach us at school? Does having a title guarantee us to be rich? When will we stop working hard and earning little?
We could say that several factors are what makes a millionaire or not, for example one of the cases of great impact we can mention Steve Jobs who has changed the world of technology with his vision… "without finishing his university studies he became a successful man ”(Biographies and lives nd)
3. Development
Rich dad, Poor dad is a book by Robert Kiyosaki who was born in Hawaii, as the material mentions, Robert had 2 dads, with different mentalities. Where the rich dad said "don't work for money, learn to do business, let the money work for you" and on the other hand his poor dad "go to school, get good grades, get a secure job, save and retire" according to the book. From this we can rescue that the problem is not in the resources we have, but in the way of thinking of each one of us. As we see these two different ways of thinking can generate conflict, since in schools they teach us to work, not to generate money… then what is needed in education?
Next we will begin by scrutinizing the lessons that the author proposes to reach financial freedom.
Chapter 2 Lesson 1: The Rich Don't Work for Money
He tells us that Robert's rich father told them that the fear of not having money to not hope for a salary for security; so I advise them "If you can work without thinking about receiving a salary, I assure you that soon your mind would show you opportunities that others do not see, because they are focused only on looking for money and security." The tendency of the people is to look for a secure job, that although they do not reach the income, they get out of trouble; However, we must see beyond that, realize ourselves on a larger scale and change the mentality that we are designed to be slaves of companies where working hours are heavy and long. In our country there are certain sequels due to the history of the country that people are still married to with the thought that we live to serve such in the book "The Psychology of the Mexican."
Chapter 3 Lesson 2 Why Teach Financial Specialization?
"Money without financial intelligence is lost quickly." This phrase by the author reflects that due to the lack of financial education, debts arise, like our macroeconomics class, the more the salary increases, the more people spend money. We reduce this to that we must take an interest in knowing how to spend money, and not how to obtain it. The author invites us to invest in businesses so that our lives are easier in the event that, if we dedicate ourselves to work, how long will the money I have last? Within the material it is emphasized that from young people, before starting the world of work, we think about how to make money without working ourselves. Remember that the problem is in the mind and not in others or in our material shortcomings.
Chapter 4 Lesson 3 Take Care of Your Own Business
It refers to building and sustaining assets. Robert advises that adults keep their jobs and that expenses are as low as possible, for young people who invest before leaving their homes, since supporting themselves is more complicated and expensive, therefore it is double work and time consuming. An asset is something that generates a value, a profit and the author proposes that the businesses that are fruitful are the businesses in networks, since the product is sold alone, as well as the investment in company shares, selling talents such as music, poetry, scripts, etc. A billionaire man is Carlos Slim, matching the advice Robert mentions in his book and real life, we can see that he is dedicated to buying and selling, for example he invests in small companies, makes them bigger, more profitable, etc. and boom!He resells them now with a much higher price than he had bought it, isn't that a good deal?
Chapter 5 Lesson 4 The History of Taxation and the Power of Corporations
“Once the government got a taste of money, their appetite grew.” This chapter understands the importance of understanding how government works, this is how you can beat the system. The author points out that the rich are rich because they save taxes thanks to companies, since the income tax rate in companies is lower than that of individuals. Knowledge is power, and the author proposes the following things to know in finance: accounting: the ability to read and interpret accounts, investment: money that produces money, understanding of markets (supply and demand) and the law: learn about tax advantages and how the law protects you through companies.
Chapter 6 Lesson 5 The rich invent money
“The most powerful asset we have is our mind. If we train it correctly, it can create enormous wealth. An untrained mind can also create poverty "
As Robert says, poverty is in the mind; if we don't make an effort to think about doing different things, we'll be more of the crowd. We have the ability to create, to undertake and what the author intends for us in this chapter is nothing more and nothing less than, exhorting us to take risks, not just wait for an opportunity to get a job, if there is one, if there is one. you are looking for it… in this increasingly competitive world it is of utmost importance to open our minds to new ideas.
Chapter 7 Lesson 6 Work to learn and not for money
"Know a little about a lot"
This phrase is very useful, as young people and adults we think that when we choose a career or a job we should only know the activities and knowledge for that specific area, however the rich dad proposes that it should be the opposite, know a little about various themes can lead you to success. For example, in our classroom, a few semesters to graduate, we keep asking ourselves, what are we good for? This is because some of us have gotten married to the idea that we are going to direct, administer, orient companies, but the reality is that to prosper not only must have talent, but also know how to handle various things and if we do not know them How are we going to exploit our potential?
4. Conclusion
I agree with the author of the book since the education of us, of our children can be better; It gives us an approach of hope, of a different vision because the book suggests that we not only have that poor mentality, but that we make money, and that money works without us. Both parents, teachers, church, etc. they transmit knowledge to us linked to their experiences and their lifestyle.
We as students, future workers, employees, teachers, and parents should commit to educate more the financial part; not to limit. The education scheme in Mexico is interested in making us skilled to be professionals, but not to be rich, not to make us think of being entrepreneurs; but they tell us "tomorrow they are working…".
Currently a role does not make much difference, we know that in a company they will not hire us for being on the honor roll, but for what we know how to do, for our way of thinking, talent and our entrepreneurial spirit. We should not hope for a salary that barely covers expenses, or wait for the government or the family to take care of us financially, but we must have the will to want to grow and be successful. You decide yourself where you want to be, where do you want to be?
Bibliography
- Biographies and lives. Biographies and lives. http://www.biografiasyvidas.com/biografia/j/jobs.htm (last access: March 19, 2014) Herrera, H, and D. Brown. The Entrepreneur's Guide. Ediciones Urbano, SA, 2006. Kiyosaki, R. and Lechter, S. Rich Father, Poor Father. Warner Books, 2000.
