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 person in the city might think that a penthouse is rich while someone living in a rural area might think that having ten donkeys makes them rich. In Kiyosaki's book Rich Dad Poor Dad talks about how if your assets make you enough money to cover your liabilities, then you don't have to worry about a job, so this could be a way someone could feel rich. Yet, in Mycoskie's Start Something That Matters he describes how amazing it is to give something back to people so that it can be another form of being rich. Even though the authors had two very different ways of making money and different ideas about some aspects of business, they both became prosperous entrepreneurs. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay One of the things that Kiyosaki and Mycoskie mentioned in their books is that you should always give back to others. This is in stark disagreement with Milton Friedman who states that “the only social responsibility of a 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 PhD and a Nobel Prize, but not much experience or training in entrepreneurial methods of making money. Kiyosaki focuses on financial literacy, but often mentions the importance of social responsibilities and how, even if you don't have much, you should still 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 more to business than just profit. Being rich is what everyone wants to do, but they always try to make more money by career and not by working in other ways. Learning to multitask instead of just pursuing a career is one of the things Kiyosaki suggests doing in his lessons, so if you decide to do that, earning money might be easier. If you don't know how to do things like sell or market, it will be very difficult to sell or spread 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 will not regret quitting when things get tough. If you learn to overcome the problems you encounter in business, it will be easier to be rich. Kiyosaki's key concept in his book is the idea of financial literacy, or making money work for you. It's really enlightening to read about this idea that instead of working for your money it can instead work for you. If you learn to invest in your assets and grow them into things like investments and stocks, then you can choose to work or not because your assets will be able to cover your liabilities. It is very interesting to know how Kiyosaki handles money after growing up surrounded by the lower classes who always say to go to school and get a good job, while Kiyosaki states that the most important education is financial intelligence. Mycoskie's entire book is about starting something that will give back to others and that you believe in what you're doing. When Kiyosaki talks about how to get started, he mentions the,.
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