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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Get startup ideas by ‘Being grateful’

Being grateful to every thing in this world can make a special day. So we all celebrate and share our gratitude towards our relations and many things – Earth day, International Yoga day, Mother’s day, Father’s day , Teachers’s day ,  and many gratifying days.imageI’m today till date as who I’m nurtured by unlimited energy supplied from many sources in the world like – my parents, teachers, friends, books, strangers, newspapers, internet, failures, success and  critics so on.  Just imagine yourself without any form of support  are we be able to build any sort of achievement in this world? No, right! For example, it takes millions worth of energy , time, money, psychological and physical strength for a mother to give birth to a baby. At the end, the painstaking  process for nine months results in tons of smiles to an entire family, friends and society.  This phenomena of equally ‘Learning – supporting- sharing’ is embedded naturally into our daily lives. Now, the concept of gratifying – ‘Learning – supporting- sharing’  has so much to do with ‘Startup aspirants’. You may wonder what it would be like to be grateful and that itself create a startup venture and make a profound resourceful to the society.

J.R.D Tata’s Startup vision:

When I’m mentioning these lines to be grateful I’m able to remember the vision of great Startup aspirant Jamshedji Tata, founder of Tata Group of Companies. His vision for venturing a business has four primary goals before anyone can imagine the worth of its purpose in India,to set up – 1.Iron and steel company 2.a beautiful world-class hotel 3.a renowned educational institution and 4. a hydro-electric plant.
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To everyone’s surprise , Taj Mahal hotel seeded by Jamshedji Tata in India in 1903,has now became 30  Tata publicly-listed companies across the world.. His business visionary for Indian scenario always emphasised on economic independence and advancement of India – Educationally, Technologically, Superior engineering, Health, world-class infrastructure, while whole nation facing freedom struggle against the colonised British government .Today, the Tata conglomeration made a distinctive business trademark to the Indian society by bringing infinite smiles not only in India but across the world.

Steps to realise great Startup ideas:

As I was mentioning in my above lines that being grateful has something to do with spearheading our brains to help the society, termed as “Startup-gratefully”.Now, to think and generate ‘Startup ideas’ creatively is not a big task to start your day. Start looking around you –
Step 1: What kind of  resources , sources, helping and moving your day, tasks, projects, and other aspects?

Example: If you’re reading a book or an article from a magazine recommended by your friend or a family member or a colleague , and you found the book as worthwhile that you want to implement some of the best strategies you liked the most. Consequently, if you’re reading has become a habit and you practised those tips and methodologies and experienced some better results in your daily tasks or career projects. Now, its time to share your support to others who are in need of same circumstances from the kind of resource you gained support in some sort of reading a book or an article. In the later stage, think for a plan how you can  contribute your knowledge with more interesting readers. Here comes your ideas flooding like –

  • Publish an article that consolidates best books to improve a project or an obstacle. There are multiple ways to do this in this internet world – Start your own blog,be a tutor or instructor in an Educational institution, be a guest author onto your favourite blogs, venture an article in a newspaper or up your own video on Youtube and so on. Here comes tons of ideas as an initial startup project  paving a way to grow an awesome tree of support to others yet gaining unprecedented knowledge through such journey.

Step 2: Connect all those resources or a team or sources that make a collective support to your venture. Remember something that it is very essential to assess the efficiency of selected resources (books) or a team you identified as valuable and thus specifically reaches your venture’s mission. Consequently, mission of your Startup implicitly flows in once you find each step emerging efficiently to reach its purpose. In this fashion, your journey of making a project will reflect your discipline in implementing the thoughts that you want to work with commitment and focus on the subject.

Step 3: After doing many such projects as a daily routine, you will see beautiful results blooming in and relish the sweetness of a blossoming plant which you seeded back then with a purpose. I often in this article, compared startup project to a tree ,which means once you seed a plant and want to see your favourite flower or fruit in your own garden that serves many purposes benevolently , which in return expects you to water (your habits) everyday. How good you feel about it! Later in future, one fine day to your wonder, you feel the breeze from the very plant which is now a big tree. As a result, you see big smiles on your face whenever you go back into your garden and enjoy the environment surrounding it. So, just imagine your ‘Startup venture’ as a plant seeded in, that grow big to deliver altruistic end results to you and society.

My Startup idea to Blog:

I call my blogging itself as a startup venture , which is emerged, while I’m pondering onto how adequately I can be useful to the world which helped me for what I’m today. Then came a superbly idea or subject to guide and inspire startup aspirants, entrepreneurs, women and mommiepreneurs  with my posts. Interestingly, I found my areas of interest and passion –

  1. Startups stories
  2. Books on Entrepreneurs, Business, Management
  3. To motivate and coach my friends onto power of Startup and how to work independently

The very idea to share my views and experiences in the above genres are the subjects I’m well versed with, so I’m able to share something new to others through blogging. This process is been circulating inherently without my notice day by day. And recently, I realised that  blogging and internet is the great platform to shape up my aspiration to set up a knowledgeable venture. In this way, I’m able to vision my startup idea to inspire and to be inspired by others.

Now that you know getting ‘Startup ideas’ is a matter to start thinking grateful in infinite ways. Share me your Startup ideas or ventures ,stories and experiences with your journey that shaped up lives of a common man in any way.

Give your thumbs up if you find the article to be useful to you!

Sources: https://en.wikipedia.org/wiki/J._R._D._Tata