Preview

Rich Dad Poor Dad

Good Essays
Open Document
Open Document
349 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Rich Dad Poor Dad
In chapter 7, the author discusses overcoming obstacles financially. Once again we are comparing the rich to the poor. The rich make themselves more intelligent when it comes to making money or overcoming their financial obstacles. One thing about the rich is, they lose money because they constantly make investments or can be careless at times. The author tells us in this chapter about people not taking the step or opportunity to get them to be more successful. I don't think it has anything to do with you being rich or poor, but some people just don't have the same drive as others. Some people are just poor lazy and want all the money in the world. You have to work to be successful in life. Keeping busy keeps you from being lazy. It can be a challenge to always think about making money instead of actually trying to find ways to make money. Kiyosaki also says having or creating bad habits can be an issue from making money. You should always "treat yourself". There were two ways of paying yourself. The poor dad says he paid himself by paying his debts first and himself last. The rich dad treated himself by paying for himself first and then paying his debts. I think the poor dad is making the better decision in this concept because I rather have my bills paid off than spending my money on material things. Whether your rich or poor you can't be successful financially always because you can lose money whenever. The majority of Americans today rather spend their money on trying to have materialistic things and keep up with the newest. This chapter really showed and broaden my horizons on how to make more investments versus spending my money on materialistic things. I already go with the memo of paying my debts off first and treating myself later. It doesn't make logical sense to make myself look good if I don't have any money in my pocket. In life, you have to overcome obstacles keep your ahead above water, especially with today's economy.

You May Also Find These Documents Helpful

  • Good Essays

    Money can give a person a lot of privileges and opportunities in their life. Many people are financially privileged and have no problem getting the the materialistic things such as a expensive cars and big houses. Privileged life can also provide better education and a sense of self respect. On the other hand, the lack of money limits a person’s opportunities and lower a person’s status in society. Underprivileged might not go to the best private schools but they get an education that they appreciate and are satisfied with what they have in their life.…

    • 576 Words
    • 3 Pages
    Good Essays
  • Good Essays

    When we look at someone who is successful we see that they have a hardworking job and always being busy usually working 5-6 days out of the week. . They usually have a nice house, car and other assets. They have also worked extremely hard and long to get to where they are. We also tie the American Dream to the myth of money and success and how anyone can rise from rags to riches. This text enforces the myth of money and success showing that the American Dream is possible and gives people hope in that they too could rise out of the bottom.…

    • 1266 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    Althea Gibson

    • 535 Words
    • 3 Pages

    The KEY CONCEPT we need to understand in this book is that no matter how poor you are or where you come from, you can always strive to improve your circumstances.…

    • 535 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    A lot of people misunderstand what leads to success. Success is more than just being able to fill your bank account with loads of money, it’s about being satisfied with the lifestyle that you have. Of course having money makes you happy, but it can’t buy happiness, love, respect, or even trust. Everyone is born with their own unique talents and is better at a specific skill compared to…

    • 726 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    tim blixseth essay

    • 467 Words
    • 2 Pages

    When I was younger, I thought money ruled everything but in reality it doesn’t. Working hard doesn’t apply anymore in today’s economy. Most of the people who are wealthy have grown into the money or inherited from their ancestor. People hold the wealthy to a higher standard/power therefore they think they are better than the middle/lower class. Even though money is a great asset to have, it can be a liability. As I read the essay about Tim Blixseth, he was an individual who was not impressed or got excited about how much money he and his family had. He wanted to be low key, an average middle class person who worked hard for what he got not just given. In the story “Living It” he tells us how he would wake up in different locations each night.…

    • 467 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    One of the American Dream’s struggles is the lack of money because things come at an expenses. Food, water, clothes, a home, they all come at a certain price. That’s why everyone looks for good jobs. So they could support a family of their own. In the story “The House On Mango Street,” “I knew then I had to have a house. A real house. One I could point to. But this isn’t it.” This is an example of one of the expenses in the American Dream. Money is makes the world go around. However, there are more struggles then just money.…

    • 492 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Material goods that I acquired as a result of achievement are just symbols of my achievement. We live in a world where money is sacred and a main necessity for most people. One of the best uses of money is to buy freedom, which is part of the American Dream. Thoreau challenges one of the main reasons people come to live in America. The American Dream is the ideal that every U.S. citizen should have an equal opportunity to achieve success and prosperity through hard work, determination, and ambition. Most people, like me, want to make a lot of money. However, it takes hard work, dedication, and even sacrifice to become successful in life. I don’t want to work hard for luxuries, but rather, for the sense of achievement and to grow mentally, physically, socially, and…

    • 1638 Words
    • 7 Pages
    Good Essays
  • Good Essays

    Money is the priority. However, all the money in the world can’t make you prosper, but it’s the experience you’ve been through that makes you prosperous.…

    • 791 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Aristotle describes this lifestyle as being in a way “forced on him” (5) because he uses money as a means to other ends such as items that give pleasure or power to gain status and honor. Even though it seems obvious, there are still many people who chase money for the sake of having more money. This can be saddening because these people never realize that there is more to life than green pieces of paper; however in this American capitalist society, one is taught from a young age to strive to be successful and make lot of money. While money is still necessary in order to survive, it is not the money that we should be aiming at, but the lifestyle that having sufficient money permits us to…

    • 747 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Rich Dad Poor Dad is a book that presents thought provoking teachings on wealth creation and financial independence. The book can be describes as a narrative motivational novel that features four interesting characters, Rich Dad, Poor Dad, Mike and Robert (the author). Poor Dad is a highly educated professor who despite have worked hard over the years barely meets his household expenses. His believe on money was that money is root of all evil. Rich Dad on the flip side was a school dropout who was not able to complete high but because he appreciated financial literacy, was able to build and grow a chain of business and become one of the successful businessmen in Hawaii. Mike was Robert friend at school who both set out to learn how to become rich.…

    • 1762 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Although some blame others for their non-achievements, many people take full responsibility and blame themselves for not making it the way they had planned to. Individual economic success begins with self-seeking motives. That all ended with benefiting society- in order to create the American Dream (Herald, 1). Students and families put themselves into deeper situations by doing bigger things than they can actually handle. Some of the middle classed people take full…

    • 825 Words
    • 4 Pages
    Good Essays
  • Good Essays

    A person should consider to buy the things that they need instead of what they want. There is a lot of famous people that has several exotic cars but somehow lives a miserable life. A person with one car will live better than the person with two or more. In today’s society, materialistic thing cause less happiness than people who are less…

    • 457 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Money is the motivating factor for most people nowadays and people will do almost anything to get it. Increasing your wealth has become a necessity in today’s materialistic society and continues to spread. People…

    • 323 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The objective of the book is to change the reader’s psychological approach to money, success, and happiness. Like there is no such thing as a really rich victim. Rich people focus on opportunities, poor people focus on obstacles. Rich people admire other rich and successful people, poor people resent rich a successful people. Rich people are good receivers, while poor people are not. Rich people are always learning and growing, while poor people think they already know. Rich people manage their money, poor people don’t. Harv explains that the surest way to stay poor is to continue acting like the poor, by complaining, not looking for opportunities, resenting the rich, not being a good receive, not continuously learning and not managing your money. Harv has great advice and these tips are essential to understand and change your thinking about money. I find the attitude differences illuminating. Yes, it makes a big difference to focus on the positive and to spend time with positive people (not pollyana or spoiled – positive). Skills, knowledge, and persistence count too you have to be able to execute, unless you have the incredible good luck to have both a huge amount of money and a trustworthy staff. As long as you keep operating with a negative, inadequate, limited financial Self-Image, you are destined to fail no matter how smart you think you are or you are, no matter what type of business you choose, no matter how hard and how long you work at your business or job, The poor are poor because of their poor self-image. In the inside of their heads, they see themselves limited, having great difficulty making money, they believe it is real hard to make money, it takes a long time, it requires lots of sacrifices, they already imagine themselves having future problems and limitations. That is what they believe. And that is exactly what they get. The rich are rich because of their rich self-image. In the…

    • 394 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    This is but one example of how the mindset of the millionaire is misunderstood and misconstrued. The key point to take away, though, is that wealth is more mindset than mastery of financial strategy. This in turn means that there is more than room to hope for the struggling who wish to become wealthy.…

    • 529 Words
    • 3 Pages
    Good Essays