Book Report on Rich Dad Poor Dad
KNUTSFORD UNIVERSITY COLLEGE
KNUTSFORD BUSINESS SCHOOL
ENTERPRENEURSHIP
BOOK REPORT:
Rich Dad Poor Dad by Robert T. Kayosaki with Sharon L. Lechter, CPA
WRITTEN BY:
Richmond Gyamfi Boateng
(KBS0035)
LECTURER:
MR. ANTHONY ANNAN
MONDAY APRIL 4, 2011
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.
Their interest in becoming rich was ignited when a school mate left them out of a trip because they were not rich. They decided to make money and their first project was to start a counterfeit money making business which collapsed on the first day because they were told by Mike’s father that was illegal. After series of brainstorming, Robert suggested to Mike to ask the Dad (Rich Dad) if he will teach them how to become rich, which Rich Dad grandly agreed.
Through their interactions with Rich Dad, taught Mike and Robert six lessons which Robert recounst in the book. These lessons are;
Lesson One: Rich don’t work for money; they have money work for them.
Roberts recounts how Rich Dad made them work for three hours every Saturday and being paid 30 cents. This irritated Roberts so much so that decided to confront Rich Dad and demands a raise or quite the job. He discussed with Mike who told him that father had told him to bring Robert to him when he
KNUTSFORD BUSINESS SCHOOL
ENTERPRENEURSHIP
BOOK REPORT:
Rich Dad Poor Dad by Robert T. Kayosaki with Sharon L. Lechter, CPA
WRITTEN BY:
Richmond Gyamfi Boateng
(KBS0035)
LECTURER:
MR. ANTHONY ANNAN
MONDAY APRIL 4, 2011
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.
Their interest in becoming rich was ignited when a school mate left them out of a trip because they were not rich. They decided to make money and their first project was to start a counterfeit money making business which collapsed on the first day because they were told by Mike’s father that was illegal. After series of brainstorming, Robert suggested to Mike to ask the Dad (Rich Dad) if he will teach them how to become rich, which Rich Dad grandly agreed.
Through their interactions with Rich Dad, taught Mike and Robert six lessons which Robert recounst in the book. These lessons are;
Lesson One: Rich don’t work for money; they have money work for them.
Roberts recounts how Rich Dad made them work for three hours every Saturday and being paid 30 cents. This irritated Roberts so much so that decided to confront Rich Dad and demands a raise or quite the job. He discussed with Mike who told him that father had told him to bring Robert to him when he