In this session of The Engineering Career Coach Podcast, I am going to discuss personal finance, specifically the key lessons I learned from the book Rich Dad/Poor Dad by Robert Kiyosaki.
“Intelligence solves problems & produces money. Money without financial intelligence is money soon gone.” ― Robert T. Kiyosaki
In the Take Action Today segment of the show, I give you a tip that you can use to try to improve your personal finance in the near term.
The book Rich Dad is the story of a person (the narrator and author) who has two fathers: the first was his biological father – the poor dad – and the other was the father of his childhood best friend, Mike – the rich dad. Both fathers taught the author how to achieve success but with very different approaches. It became evident to the author which father’s approach made more financial sense. Throughout the book, the author compares both fathers – their principles, ideas, and financial practices, and how his real father, the poor and struggling but highly educated man, paled in comparison to his rich dad in terms of asset building and business acumen.