A look into Robert Kiyosaki's classic, Rich Dad Poor Dad and the value of understanding how to read a financial statement.

https://www.youtube.com/watch?v=VjlVz8f9zhE

Transcription

So what was rich dad poor dad, really about?

Hi I'm Brian Pombo, welcome back to Brian J. Pombo Live.

This is one of those books that if you haven't read, it's worth going back to. And it was funny because I had read this book years before it was, well, it had just started becoming popular about the time that I was reading it.

In fact, this copies all browned and everything this is, I think this is my original copy, somewhere around, I didn't get it in 98. But it's a 98, printing 1998.

And I read it before a lot of other people did.

As my other friends started reading it, everyone had different reactions to it.

Some people changed their life, I can name two people I know that completely changed their perspective on life. And they started going in a completely different direction just from reading a simple little book, right.

Other people, they didn't get much out of it or didn't even finish reading it.

And I was talking with somebody that had just recently read it. They had never read it before. And they said, well, it's all stuff I already knew. I already know that everything that's in that that's common sense, I thought everybody understood that.

The plain fact of the matter is I was going through and kind of leaping through and kind of remembering a lot of these sections. And so much of it I can almost say verbatim because I'm so familiar with Kiyosaki his work. Because he tends to say the same things over and over again, has a lot of the same phrases and principles.

They're weaved throughout both his books, and his podcasts and everything else that he's put out through the years.

And there's one general theme throughout this that I don't think gets talked about nearly enough, although Kiyosaki discusses it quite a lot, which is about financial education.

But the education part I think, is what's missing.

I think what this book is really about why he's talking about a rich dad. For those of you who haven't read it, the whole concept is he had a Rich Dad, Poor Dad, he had his real dad was his poor dad, and he was a decent guy, was very well educated, had made a certain amount of money, but had did not really know what to do with it.

He died in a position of really not having a whole lot of power. Having lost his job and done all this stuff.

And really, if he would have known what to do with his money would have been in a better position when he passed.

Then he had his rich dad, which was his friend's dad, who he hung out with a lot. And he got to see how his thinking was so dynamically different. When it came to finances, there will principal guys and everything.

But the rich dad understood some very specific principles when it came to money that other people just didn't get, including his own dad. And so he's discussing that he's discussing passing along these concepts, very simple concepts, but very important concepts.

And that's really what it's all about.

It reminded me to a lot of business owners.

I know and I wanted to talk with you about this, if you haven't read this, please read the book, it's good book. But it's more important that you read it with the perspective of how could we get this information to y...