Robert Kiyosaki Launches New Book in Israel on Financial Education

Robert Kiyosaki, author of the bestseller "Rich Dad Poor Dad", is launching his new book "Rich Family, Smart Family" in Israel. In an interview with "Maariv Business", he shares his perspective on financial education, explains why children should be introduced to money concepts at an early age, and emphasizes that even salaried employees can take control of their financial future.

Kiyosaki, 79, dedicated his new book to parents and families, explaining that the goal is to provide young people with knowledge and tools in the field of money. According to him, "The greatest gift parents can give their children is not money, but the mindset that will allow them to produce it." He notes that the book deals with financial intelligence and the ability of every person to learn and improve regarding money management.

The Importance of Financial Literacy

"Rich Dad Poor Dad", first published in 1997, has sold more than 46 million copies worldwide and been translated into over 51 languages. In the new book, he seeks to expand on the topic of financial education. Kiyosaki argues that the educational system focuses primarily on verbal literacy, while financial literacy receives much less space. In a world where many workers operate more independently, it is important to understand the language and concepts of money.

If you are willing to learn, then you can be sure that your financial intelligence will continue to rise.

He suggests that parents involve children in daily money-related activities: taking them shopping, comparing prices and brands, and involving them in the bill-payment process. Additionally, he suggests that families consider three separate piggy banks: savings, investment, and charity, each playing a role in household financial management.

Employees and Investments

Kiyosaki emphasizes that his approach does not require everyone to become a business owner. "This is definitely a personal choice," he says. Many people are suited to being salaried employees, but there is no reason why a salaried worker cannot also be an investor, for example in real estate, commodities, or currencies.

In his book, he also addresses the family home. While the "poor dad" viewed a house as a primary asset and investment, the "rich dad" argued that a home is not necessarily an asset. Kiyosaki explains that a house provides a roof over one's head, but also entails taxes, maintenance, and insurance, meaning one must separately evaluate living in a home versus generating profit from it.

Concluding the interview, Kiyosaki addresses whether every person has the opportunity to get rich. "I definitely believe so, but it is not always an easy path," he concludes.