Rich Dad Poor Dad by Robert T. Kiyosaki
Published Thursday, September 29, 2005 by Darren Davis | E-mail this post
I began reading Rich Dad Poor Dad by Robert T. Kiyosaki a few days ago, after a friend recommended it to me.
This book is about opening your eyes to "Financial Literacy" so that you can teach yourself and your kids about "how to make your money work for you, instead of working for money". Kiyosaki believes that:
"The main reason people struggle financially is because they have spent years in school but learned nothing about money. The result is that people learn to work for money...but never learn to have money work for them"
So what does this book teach you? Rich Dad Poor Dad teaches you about building assets and looking for opportunities to help you turn your earned income into passive income(monthly income that does not require you to work). It also provides a good financial knowledge foundation for anyone thinking about improving their income.
Most of the lessons taught in this book are through Kiyosaki frequently referring to his childhood years where he was a given contrasting advice by his educated dad and his rich dad. It is this style of "learning through experience" that makes this book an excellent read. Kiyosaki makes it clear, time after time - that going to school, working hard and working for someone else for 60 years until retirement is not the best advice to give to your children in this statement:
This book is packed with new advice adapted to the changing world. We are no longer living in the past - the days of going to school to get a good job to earn more money have long gone. Rich Dad Poor Dad challenges your belief that you have to earn a high income to become rich and, more importantly, shows you how to adapt to the changing world.
"The main reason people struggle financially is because they have spent years in school but learned nothing about money. The result is that people learn to work for money...but never learn to have money work for them"
So what does this book teach you? Rich Dad Poor Dad teaches you about building assets and looking for opportunities to help you turn your earned income into passive income(monthly income that does not require you to work). It also provides a good financial knowledge foundation for anyone thinking about improving their income.
Most of the lessons taught in this book are through Kiyosaki frequently referring to his childhood years where he was a given contrasting advice by his educated dad and his rich dad. It is this style of "learning through experience" that makes this book an excellent read. Kiyosaki makes it clear, time after time - that going to school, working hard and working for someone else for 60 years until retirement is not the best advice to give to your children in this statement:
"The world has changed but the advice has remained the same"
This book is packed with new advice adapted to the changing world. We are no longer living in the past - the days of going to school to get a good job to earn more money have long gone. Rich Dad Poor Dad challenges your belief that you have to earn a high income to become rich and, more importantly, shows you how to adapt to the changing world.
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