|
Chief
Executive Briefing # 5
Rich Dad - Poor Dad Beliefs
|
In the book “RICH
DAD – POOR DAD – What The Rich
Teach Their Kids About Money – That The Poor And Middle Class Do Not” by
Robert T. Kiyosaki, the author makes the point that one of the main differences
between the rich and the poor is their attitude toward money.
CEB members were asked to complete a 20 item
questionnaire involving 10 statements that “Rich Dad” would agree with and
10 statements that “Poor Dad” would agree with.
Following are the percentages of CEB members who
“strongly agreed” or “agreed” with each statement made by “Rich
Dad.” They are rank-ordered according percentages.
RICH
DAD STATEMENTS
|
% Agree
|
Rich
Dad Statement
|
|
92 %
|
1.
It’s important to play to win, rather than play not to lose
|
|
89 %
|
2.
Giving poor people money will not solve their financial
problems
|
|
86 %
|
3.
To become wealthy you have to take risks
|
|
83 %
|
4.
To receive abundantly you must give abundantly
|
|
73 %
|
5.
Money provides freedom
|
|
54 %
|
6.
The best way to become self-reliant is by acquiring wealth
|
|
51 %
|
7.
It is better to be a generalist rather than a specialist
|
|
43 %
|
8.
The main difference between poor and rich people is their
attitude toward money
|
|
32 %
|
9.
You should pay yourself first and your bills last
|
|
28 %
|
10.
A house is a liability, not an asset
|
COMMENTS
Any percentage below 50 % would indicate that more CEB members disagreed
than agreed with the statement by “Rich Dad.”
It is
interesting to note that statement #8 (the premise of the book) is below 50%.
The overall data seems
to indicate that CEB members are equally divided on whether or not "the main difference between poor and rich people
is their attitude towards money."
The high agreement with statements 1 and 3 indicate CEB members
strongly believe it is important to take risks.
The author defines an asset as anything that brings in money and
a liability as anything that takes away money. According to the definition, a house is a
liability (assuming little appreciation).
Most CEB members disagreed with statement #10 probably because of the
rather unique definition of an asset.
Following are the percentages of CEB members who
“strongly agreed” or “agreed” with each statement made by “Poor
Dad.” They are rank-ordered according to percentages.
POOR
DAD STATEMENTS
|
% Agree
|
Poor Dad Statement
|
|
42 %
|
1.
Money is not important when it comes to happiness
|
|
35 %
|
2.
It is good advice to tell a young person to work for a company with
good employee
benefits
|
|
27 %
|
3.
To get rich you must think of yourself first
|
|
25 %
|
4.
The rich should pay more in taxes to take care of those less
fortunate
|
|
22 %
|
5.
The love of money is the root of all evil
|
|
21 %
|
6.
The best advice you can give a young person is "go to school, get
good grades and look for a secure job"
|
|
20 %
|
7.
Formal education is the most important key to financial success
|
|
16 %
|
8.
The subject of money should never come up at the dinner table
|
|
7 %
|
9.
Almost all rich people are greedy
|
|
5 %
|
10.
Rich people are more unhappy than poor people
|
COMMENTS
Any percentage below 50 % would indicate that more CEB members
“disagreed” than “agreed” with the “Poor Dad” statements.
It is interesting to note that all percentages are below 50 %.
CEB members disagree the most with the statements “rich people are
unhappy” and “rich people are greedy.”
In a recent poll of Americans who are not millionaires, when asked if
they wanted to be millionaires, 33 % said “no”. The reasons they gave were
because rich people are unhappy and greedy.
|
