I’m an avid book reader, and Robert Kiyosaki’s book “Rich Dad, Poor Dad” is one of my favorites. So when I heard that Kiyosaki was offering a book that promises entrepreneurs an unfair advantage, I just had to share it with you.
As Kiyosaki sees it, jobs are no longer stable—so the only think you can really control is yourself. That’s why he wrote his latest title, “Unfair Advantage.” The book challenges people to stop being time card punchers and start becoming owners and investors; to reinvent career paths.
Unfair Advantage outlines Kiyosaki’s five insider tips to encourage entrepreneurs to build positive cash flow businesses through (1) knowledge, (2) taxes, (3) debt, (4) risk and (5) compensation. Kiyosaki is well aware of the Small Business Administration statistic that says half of new businesses fail within the first five years. He says, “I write this because I believe we need real financial education before the world economy can truly recover.”
Going against the flow, Kiyosaki speaks to all segments of the workforce, including the thousands of college graduates coming into the world work this year. He questions the wisdom that says, “get a job, work hard, get a 401k, and invest in a diversified portfolio of mutual funds.” Instead, Kiyosaki recommends becoming a business owner who generates jobs.
Whether you are graduating college or in your retirement years, Kiyosaki stresses that it’s never too late. Kiyosaki points to Colonel Sanders, who sold his recipe for Kentucky Fried Chicken at age 66 after getting 1,000 rejections. Need some ideas? Unfair Advantage offers a few. Kiyosaki cites entrepreneurial examples like leasing a luxury car, and then offering limo service a few nights a month to earn back the payment and generate a positive cash flow.
Drawing from the wisdom of Rich Dad, Poor Dad, Kiyosaki says entrepreneurs can win by:
1. Learning to sell
2. Learning to invest via market trends, and
3. Learning to invest in real estate trends.
“The ability to sell is the most important skill of any entrepreneur,” Kiyosaki says. “The most important job of an entrepreneur is to raise money. I believe it is better to teach people to fish than to give people fish.”
Check out this video on the book: