What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!
The contents of this book tells the story of a young man, who is the author himself, being brought up by his natural father the conventional way of getting a job, saving every penny, working hard and climbing the corporate ladder. At the same time, he also had a “second father” who taught him a different way to view things and how to start from scratch and build his business into an empire.
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This book is not just about money. It’s about how we are taught to think; how we are programmed by schools, family, and friends to look at the rich as greedy, no good bloodsuckers and opportunities as risks. It is an attempt to reprogram minds to look at why we do what we do.. Why do we buy all these shoes, clothes, cars, jewelry.. have we earned it or are we just trying to maintain an image?
“Kiyosaki has a knack for putting complex financial and economic cases into simpler perspectives, the cases provided by the examples of the rich dad were also helpful in understanding these concepts.”The Book Guide® Editor
Kiyosaki had two fathers teach him how to go about life to earn a living as well as be successful. His educated dad with a Phd (poor dad) and another business oriented dad who had dropped out of high school (Rich dad). He has got amazing contrasting perspectives while growing up which enabled him to learn a lot of things that shaped his life. Rich dad says,”don’t work for money, have money work for you”, setting sails in the winds of economic growth so we can reach the treasure islands. He urges us to be decisive in this fast growing world.
Kiyosaki tends to attract our attention by using controversial phrases like, “The rich don’t work for money”, “savers are losers”, “your house is not your asset”, “why the rich pay less in taxes”. Making the readers self conflicted as well as more interested, and then goes on to explain why he is claiming what he is claiming.
He wants us to take action and learn by making mistakes, he urges readers to invest in stock markets, in real estate and network with the professionals to learn more about the markets and the possibilities. He is very much pro education and believes in learning by doing, not just by reading.
The book is great and insights are invaluable, might sound a little preachy at times, but that is all to make us understand the complex situations. I would definitely recommend this book to improve one’s financial acumen and really gain perspectives on many economic factors that influence our lives.
Rich Dad Poor Dad (1997) By: Robert T. KiyosakiDune (2007) By: Glennon Doyle
by The Book Guide® Editors4.8/5 Excellent