8 things to know why Rich Dad Poor Dad is a rich book and a must-read for Startup aspirants

It was eight years back (2008), I listened to one of my cousins saying the importance of a book and how it becomes best-friend in one’s life. Well, being a book-lover I nodded my head in acceptance to know more about the impact of books from many aspects – lead a simple life, psychology, leadership, quality management, relationships importance, science, health,  biographies, success and failure stories. Somehow, those words were registered subconsciously and reverberates after every completion of a book till date and naturally becoming my super-essentials in life and library.

“I really had a lot of dreams when I was a kid, and I think a great deal of that grew out of the fact that I had a chance to read a lot.”  -Bill Gates

Above lines from Gates are so true and after all there will be only few all-time favourite things that rejuvenate life’s strength in multiple ways to great personalities.

Recently, I have been searching randomly for an interesting book in my books shelf and to my surprise, I found a treasure that geared up my energy to become a Blogpreneur. It’s the book  “Rich Dad Poor Dad” by Robert T. Kiyosaki. And the book falls into the ‘Must-have’ or ‘Must-read’ or ‘All-time favourite’ that will  bring all necessary changes to any kind of aspirants (especially to Startup aspirants, Entrepreneurs-to-be and students). After reading the book – a person will be a better person, an entrepreneur will be a better entrepreneur, a student will be a better student and finally a reader will be a better learner and leader.

The first and foremost principle that attracted me in the book is ‘what is the real education needed to be able to survive in the current competitive world?’ The answer for this question has been well visualised and guides the reader into a path to unleashing his/her other dimension of educating himself/herself and to their children as well.

Yes, the objective of the book is the power of money and how it works for ‘Rich people’.  The book throws light elaborately on the power to earn money is through gain knowledge and unleash the secret on how it is possible for Big Business Leaders to make money work for them. Well, there are categorised lessons created in the form of examples, explanations and real stories pertaining to personal finances, real education, investments and etc.

Your Questions answered:

Generally, we all listen to a famous quote “ Nothing is impossible”, then, how come we all can’t get out of from heavy debts, financial hassles and etc.? Why the only rich are out of such financial pains, but not poor and middle-class? What is that impossible working for Rich and that is not working for poor and middle-class society? All these questions have answers and Robert Kiyosaki has elegantly designed the book on ‘Power of being possible’, which simply starts at our end.

Robert has yet another unique skill to identify a common man’s common mistakes and provides an exceptional methodology to correct those mistakes and score outstanding results in life.  There is one kind of compelling story of Robert, who strived to learn the concept of earning money – is to money work for you, but not working for money , which made him to realise at very early teens and popularised himself  to write a book on ‘ How to become rich prudently’.

I want to share my journey of learning with you that took me to new heights of educating and disciplining my thoughts.  Certainly, I’ll not be the person who was before reading the book, but, a brand- new-me in a new role identifying the best opportunities around me.


Here are the 8 key points that become a ‘must-learn’ to Startup aspirants:

1.Know more about Emotions and its wp-1470318769823.jpgmerit:

Generally, when we encounter with many incidents that drive by emotions and end-up with breaking up relations and suffer the loss later. The loss that pays at the end is the only mere mistake of using emotions against oneself.  There’s another side of the coin of using emotions in favour that is underpinned by the author that helps everyone who reads the chapter and walk easily during tough times and yield sustainable conclusions without further need of repenting.

2.Financial intelligenceI’m a Financial planner graduate, who deals with allocating money in safe investments. Before reading the book, my brain used to restrict my knowledge to play safe in investments, but, after reading ‘The power of an effective investment’ by Robert has changed my attitude towards investments and raised curiosity to learn more about investments and move a step higher. Yes, there’s another avenue to deal with finances on your own, irrespective of being a finance / commerce degree student.  This topic teaches to tune the brain and hook up the right understanding of finances and thus provide a major establishment to Financial intelligence and bring  change towards financial attitude right from a kid to any age.

3.How Global leaders are produced:Often we see the number of global leaders produced by any school is only one in 100’s and that of producing employees  is 1000’s. What is that nice formula working for leaders who want to change their path from herd behaviour? What is the other formula working for employees who struggle from day one till their retirement age for having adequate money in their hands? Again, you’ll find exceptional answers to these questions and portrays a contradistinction between being a business leader  and an employee, which is beautifully exemplified in the book with numerous facts and logic behind it.

4.Assess your personal finances prudently:

 Financial education is a technical skill that needs to be learned by everyone to be a            financially literate. Don’t worry! There will be no high-level finance jargon to be skilful but certain finance terms like assets, liabilities, income and expenses elucidated by the author has created a long-lasting impression that enables any reader to be a financially literate by the end of their reading.

5.A guide to younger generation on financial education:

I was many times introspected on the topic or discuss with my friends regarding current education system values and their impact on student’s skills. Robert challenges key issues, that schools offer and miss out relevant financial skills  to be acquired by a student. I found, the interpretation as an astounding lesson that a reader can’t miss out and thus be a mentor to their children, developing finance skills and their importance right from their childhood.

6.Courage to accept rejections and failures:

Earning money will always varies from person to person and the results shows their toughness at heart and soul. Robert classically explained the right formula that is needed for being rich – Knowledge and Courage are the duo that work together on a path to achieve right opportunity. A blend of these two will ensure clarity over prosperous life vs. fearful life. Courage to accept many uncertain things in life takes its own place, which is coined as Change. Change takes its numerous forms in life to make us more efficient in our own way. Leveraging change into learning, leads to face distinctive challenges and shrinks ignorance, which is another valuable lesson to be implemented.

7.Identify Sales and Marketing world:

Sales and Marketing are effective skills that are supposed to be induced into any field and overcome the failure of rejection and progress successfully while doing one’s own business, which has been clarified by Robert with fantastically real life experiences. I learned the majestic power of these skills that redefines the attitude of a person and help to overcome the fear of losing. Well, those examples cited in the relevant context simply impresses every reader to undergo further study on the subjects Sales and Marketing practically.

8. Learning – a finest investment:

Specialisation is a qualitative skill, which helps to achieve a distinctive title in one’s career , but Robert points out the other side of the coin elaborately.It is the fact that specialisation supports a growth to some extent and prevents to accept changing world around oneself. When such restriction multiples, there is the high probability to detract learning from other grounds and grow fear, which again devastates one’s learning ability to lead his/her own life or career. In this chapter, the power of specialised learning will create a deep impact to unstop learning new subjects and prove ways to handle fear of not knowing.

My take: A book to me does not simply teach you or leaves you with some skills, but, it is worth as a renewable source that surges up your ideas, thoughts and dreams into one path and helps you to step up next big journey in life.

Now, I want to know your views about the book if have you read this book before ?  And don’t forget to share your books and thoughts that influenced you the most. Also, do share your favourite books that inspire others to become Entrepreneurs.

@Startups Formula -Inspired by the Great Entrepreneurs and Inspiring the fellow Entrepreneurs

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