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Essay / Entrepreneurship as described in “Rich Dad, Poor Dad” by Robert Kiyosaki and in Start Something that Matters by Blake Mycoskie
What does rich mean? Everyone says they want to be rich, but what does that mean? Does everyone just want a lot of money or do they want to have everything they need? The meaning of rich changes with each person because everyone has different values. A city person might think that a penthouse is rich, while a person living in a rural area might think that having ten donkeys makes them rich. In Kiyosaki's book, Rich Dad Poor Dad, he explains that if your assets earn you enough money to cover your debts, you don't have to worry about a job, which could allow someone to feel rich. Yet in Mycoskie's Start Something That Matters, he describes how amazing it is to give back to people so that it can be another form of wealth. Even though the authors had two very different ways of making money and different ideas about certain aspects of business, they both became successful entrepreneurs. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an original essay One of the things that Kiyosaki and Mycoskie both mentioned in their books was that you should always give back to others. This is in complete contradiction with Milton Friedman who states that “the only social responsibility of business is to increase its profits”. Milton Friedman may have had a different approach than these two men because, according to econlib.org, he has a strong background in economics with a doctorate and a Nobel Prize, but little experience or training in entrepreneurial means to earn money. Kiyosaki focuses on financial literacy but often mentions the importance of social responsibilities and that even if you don't have much, you still need to give back. Mycoskie knew the importance of social responsibility from the beginning of its history and during the creation of TOMS. I think Kiyosaki and Mycoskie would both disagree with Milton Friedman's ethics and agree with each other that there must be much more than profit in business. Being rich is what everyone wants to do, but they always try to earn more money by making a career and not by working in any other way. Learning to do multiple things instead of just your career is one of the things Kiyosaki suggests doing in her lessons, so if you decide to do it, making money might be easier. If you don't know how to sell or market, it will be very difficult to sell or develop a product or idea. Kiyosaki also mentions overcoming obstacles in his book: if you encounter an obstacle and decide to overcome it, you will become a much stronger person in business and you will not regret quitting when things get difficult. If you learn to overcome the problems you face in business, then it will be easier for you to become rich. Kiyosaki's key concept in his book is the idea of financial literacy, or making money work for you. It is very eye opening to read this idea that instead of working for your money, it can work for you. If you learn how to invest in your assets and grow them in areas such as investments and stocks, then you can choose to work or not because your assets will be able to cover your debts. It is very interesting to learn how Kiyosaki handles money after growing up surrounded by the lower class,.