Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not!

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I guess my dad would be considered the Rich Dad from Kiyosaki's book, as he is a business entrepreneur and has done very well in the automobile businees and other areas. He has taught me many of the lessons that are taught in this book over the years.

However, I still found Rich Dad, Poor Dad extremely helpful in laying things out so simply, clearly and easily understood. I will graduate from the University of North Carolina in May and had just assumed I would eventually get married, get a couple of cars and invest in a nice home. I will take a completely different route with my life now, investing more in assets than liabilities such as a home.

I shared my excitement with my dad over this book and told him what I had learned. He was dissapointed to think that he hadn't taught me these things already, but I explained to him how concisely this book laid these lessons out that he had been abstractly teaching me over the years.

I asked my dad how he had learned the lessons of business, seeing as how he came from a poor working class family. He told me he was working for a car dealer in Charlotte, NC who allowed him to look at his financial statement. The car dealer was letting his "money work for him," and doing very well with it. He was able to play golf and work his own hours while his employees slaved away at the dealership. It was at that moment my dad decided he was going to own a car dealership no matter what. And he does now.

This was very similar to the "moment of elightenment" I had when reading Kiyosaki's book. I highly recommend it.
American Born Chinese