¶ Seeking Financial Guidance and Initial Work
Hello guys, I am Garv Thambi. This is the first episode of Rich Dad Poor Dad by Robot Kiyosaki. So, without any further delay, we move towards an exciting journey. The rich don't work for money. When he was 9 years old, Robot Kiyosaki and his childhood friend were not invited to a classmate beach house party because they were poor kids in an affluent school. After being told by his poor dad, his father who was a teacher and made a good living,
but always struggle to make ends meet, to simplify go and make money. He and his friend, Mike, did just that. They collected empty toothpaste tubes. which at the time were made of lead. They melted them down and used plaster moulds to make counterfeit nickels. They were soon set straight by robot dad. who told them they should talk to Mike Dad, who never finished 8th grade but ran multiple successful business. Mike Dad, the rich dad of the book title, agreed to teach them.
but on his terms. He had them work three hours every Saturday morning at one of his convenience stores, dusting the food packaging and cleaning. He paid them 10 cent an hour, which Robert usually spent on 10 cent comic book. Fairly quickly, Robert grew disenchanted with the boring work and low pay. When he told his friend he was going to quit, Mike told him that his dad said that would happen and that robot need to meet with him.
¶ Rich Dad's Unconventional Financial Philosophy
But my dad was a man of few words and taught in a very different way which robot was about to find out. The next Saturday morning. Robert wanted to meet Mike's dad but was kept waiting in a dusty, dark living room for an hour. He was fed up and emotional by the time he got to complain to Mike's dad. accusing him of being greedy and not showing him respect. When he said Mike's dad had not taught him anything despite their agreement, the business owner come disagree.
His rich dad explained that life doesn't teach you with words, but by pushing you around. Some people let life push them around, others get angry and push back against their boss or their loved ones. But some people learn a lesson from it and in fact welcome life pushing them around because it means they need to learn something. Those who don't learn that lesson spend their life blaming everyone else and waiting for a big break or decide to play it safe and never risk or win big.
He told Robert that he and Mike were the first people who had ever asked him to teach them how to make money. He had more than 150 employees and so they had asked for a job. They had never asked for the knowledge that Robot and Mike wanted. So the rich dad decided to create a course that mirrors life and pushes the boys around a little.
Robot asked what lesson he would learn, other than that his rich dad was cheap and exploited his workers. The rich dad challenged him on this, saying that most people blame others. when in fact their attitude was a problem. What would solve the problem? His brain, Mike's dad told him. He wanted robot to learn how money works so he could make it work for him.
He was also glad that Robert was angry because angry combines with love to create passion, a key component of learning. Manni would not solve people's problems. He went on. Many people who have high paying jobs still struggle with money problems, like robot poor debt, because they didn't know how to make money work for them. He said that emotions robot had felt working for those 10 cents an hour, disappointment and feeling like it was not enough.
was what he would fail like his whole life if he did not learn this lesson now. He introduced Robert to the concept of taxes explaining that the poor and middle class allowed the government to tax them. but the rich don't. He asked if Robert still had a passion to learn. When he said yes, his rich dad told him he was going to stop paying him for the work at the store. he told robot to use his head to figure it out robot and mike work for free for three weeks
My dad showed up and took them outside for a talk, asking if they would learn anything yet. They hadn't. The rich dad told them if they didn't learn this lesson, They would be like most people who work hard for a little money their whole life. He offered them 27 cents an hour, which they registered. He up is to $1 an hour then $2 but robot stays silent. A final offer of $5 an hour, a pricely sum at that time solidified the robot that he would not be brought.
¶ Overcoming Fear and Finding Opportunity
The rich dad said it was good that they didn't have a price. Most people did because their lives are controlled by fear and greed. Fear of being without making them work hard and earn a paycheck. But once they have that money, greed gets them thinking about all the things they could buy. Which money them need more money? Which makes them spend more? It is what the rich dad called the rat race. He told the boy that the first step was admitting to themselves what they were feeling.
Too often people reacted to their emotion instead of thinking logically. They are afraid to admit money is running their lives and so money controls them. It is not just the poor who faced that fear. The rich often operate from a place of fear. He wanted to teach the boys to not just be rich because money does not solve the problem.
School is important, he told them. But for most people, it is the end, not the beginning. And the key for the boys were to learn to use their emotions to think, not to think with their emotions. They must learn to choose their thoughts. He told them to keep an eye out for ways to make money saying, the moment you see one opportunity, you will see them for the rest of your life.
The boys did, and soon they saw an opportunity in creating a library where kids could pay an admission fee and read as many as comic books as they could in two hours. Unsold comic books then otherwise would have been thrown away from the convenience store. They made a great profit and the business did well for about three months.
until a fight in the library shut it down. But they learned the first lesson of making money work for them even when they were not physically present. They were ready to learn more. and Mike's dad was ready to teach them. Left hemisphere moment Despite having a high paying job, people like Robert Poor Dad struggle to make ends meet. Right hemisphere moment
Looking at the discarded comic book in a new, creative way led to business opportunity. Subconscious Moment People let the emotions of fear and greed rule their life. Thank you. Thank you for hearing.