Robert Kiyosaki Was My Biggest Mistake
I have made many mistakes in my life, but my biggest one so far was waiting so long to read a book.
My dad gave me Rich Dad Poor Dad by Robert Kiyosaki a long time ago. I think I was in my 20s and was developing my career, in the early stages of raising a family, and was generally focused on other things. He didn’t tell me much about it nor what I might get out of it. The book sat in my nightstand for nearly 15 years as a result. Something hit me in my late 30s – some internal voice spoke to me and said I needed to find the book and read it. Not wanting to ignore that inner voice, I went rummaging through my nightstand and all of my bookcases to find it. My search came up empty so I went to my local library and listened to the audio version in my car on the way to and from work over a few days instead.
From the moment I hit play, it struck a chord with me. I remember yelling at my radio in agreement. Robert was saying exactly what I had been thinking on many topics. There are a lot of really important messages to be taken away from this book; beyond investing in real estate – most importantly the need to understand the difference between assets and liabilities. I was just floored at how we had never been taught this in school or learned this from our parents.
We are taught that all debt is bad and the goal in life is to get out of debt, put money away each paycheck for retirement; and be a good employee. Instead, Robert spoke about how to use debt to buy income-producing assets and create long-term income and wealth and by doing so make money work for you rather than you working for money.
Robert’s message unlocked the secret door I had been searching to open. I have a long-held passion for construction and real estate. I have a construction management degree, but my professional career led me down the path of information technology. Over the years I had tried to find my way back into construction whether that be through property management, engineering, custom home building, etc. I was always trying to find that “job” to get me back into construction. However, the positions I found were either for graduates right out of college or industry professionals with 15-20 years in the job. I had professional experience, just not in the right field. After finishing Rich Dad Poor Dad, I realized that my path back into real estate was completely within my control, but I first had to change my mindset about debt, assets and liabilities. Now that I understood this, I knew there was a path back into construction and real estate that was mine to achieve.
So what was my mistake in all this? My mistake was not reading the book when my Dad first gave it to me. Now maybe I wasn’t in a place back then to understand the message or connect with the lessons. Maybe the universe wanted me to wait for the information until I was ready to receive it.
You don’t need to make that same mistake. Maybe you are thinking that you have no interest in building wealth through real estate. That’s ok, read it anyway. This book will help you change the way you look at your own finances, retirement strategy, and use of debt to buy liabilities. It may be a harsh realization for you at first, but in the end, you will be glad to have received it.