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My Dad

My Dad

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Robert submits offers on multiple real estate properties that he wants. He leaves the deal up to the real estate agent, who is the expert, whereas he isn’t.

I looked at him and said: 'Are you crazy? Mum and Dad worked together. Mum is dead and Dad is 85. Bless him, he can hardly remember what he had for breakfast, let alone enough to write a book.' In a new deal, rich dad negotiated that Robert continues working for him, but for free. For the next three weeks, Robert and Mike worked for their rich dad for free. Then, on the third Saturday, he took them out to a park for some ice cream. He decided to introduce him to the trap of the rat race. He did this by offering to pay them twenty-five cents an hour. They said no. Rich dad then offered a dollar an hour. They said no. Then, two dollars an hour. They said no. Then, five dollars an hour. And they once again said no. The boys knew that they couldn’t be bought. They were committed to becoming wealthy. Robert Kiyosaki shares, “Most people never win because they’re more afraid of losing. That is why I found school so silly. In school, we learn that mistakes are bad, and we are punished for making them. Yet if you look at the way humans are designed to learn, we learn by making mistakes. We learn to walk by falling down. If we never fell down, we would never walk.” We had a similar book about grandads. It adds another dimension for the children to explore when the pictures are telling a slightly different story to the words. Losers are defeated by loss. Winners are inspired by loss. You can still hate losing without being afraid of it.

Poor people will often tip restaurant servers 15-20 percent even with lousy service but get mad when they need to pay a broker three to seven percent. Rich dad regularly told the two teens, “An intelligent person hires people who are more intelligent than he is.” The biggest fear for aging Americans is running out of money before they die. When you add up health costs and long-term nursing home care, it’s quite likely that the average American will run out of money during their retirement.

McDonald’s founder, Ray Kroc, wanted the land underneath every McDonald’s location for free with every franchise he opened Robert Kiyosaki’s poor dad suggested that the two learn how to make money from Mike’s dad (Robert Kiyosaki’s rich dad). Poor dad had heard from his banker how good the rich dad is at making money. Mike arranged a meeting time, and the two began their lessons. Halifax axes paper statements for online banking customers due to 'issues' with sending physical copies in the postThis is a fantastic video introducing Anthony Browne and I recommend it if you aren’t familiar with his books. At 8 mins 50 seconds he also talks about the dressing gown and how it inspired his writing. My father always said he would quite like to have Mum's name on the front cover, but she wouldn't hear of it. Don’t dip into your savings when pressure builds. Use the pressure to find new ways of making more money.

Find out how a toaster works. Discuss how they have been designed to toast the bread and keep the user safe from harm. Robert Kiyosaki recommends taking on jobs where you can learn new skills instead of jobs that pay the most. The biggest financial lesson to learn is that it’s all about how much money you keep, not how much you make. And without financial literacy, you’ll lose your money soon.It all came about by accident. In 2000, my parents decided to retire. They found the last book, Shattered, a huge struggle. By then, my mother hadn't been well for years and they were living in the West Indies. When Robert Kiyosaki analyzes a deal, he tries to look at it the same way Warren Buffett would. This strategy helps him tap into raw genius. The nastiest father I have come across in my reading is, sadly, not fictional. Cumming, a celebrated actor, recalls how “every second of [his] childhood was filled with the possibility that in an instant my father’s mood would plunge into irrationality, rage and ultimately violence”. Young Alan survives, and then thrives, but the shadow remains. Rich dad had suggested that the two boys find a new way to make money outside of working for someone else. When Robert Kiyosaki first published Rich Dad, Poor Dad in 1997, every publisher who had rejected his book had criticized the lesson regarding a person’s house not being an asset. Historically, people believed that your home was the biggest investment you can make.

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