Rich Dad Poor Dad



 
Since its debut in 1997, Robert Kiyosaki’s Rich Dad, Poor Dad has been a landmark among personal finance books,a best-seller that has sold nearly 40 million copies worldwide.Robert Kiyosaki emphasizes six key points through out the book. These points —
which differentiate between his “poor” dad (his real dad) and the “rich”
 dad that helped him understand business and become wealthy — are:

   1.The rich don’t work for money
   2.The importance of financial literacy
   3. Minding your own business
   4. Taxes and corporations
   5.The rich invent money
The need to work to learn and not to work for moneyRich Dad Poor Dad is the first and most popular book written by Robert T Kiyosaki. Its success has led Kiyosaki to expand his literary and business career into his own company CASH FLOW Technologies, Inc.Rich Dad Poor Dad was written by Robert to be an all in one guide to wealth.The book has a motivational aspect as well as 
 financial advice and strategies devised by Kiyosaki.Essentially, Rich Dad Poor Dad tackles financial mentalities through two perspectives that Robert saw growing up. One through his biological father who was a hard workingSuperintendent yet had no net worth. The other was through his second “Dad”, the father of a close friend, who had money and was constantlymaking more through successful investments.

 One of the main goals of Rich Dad Poor Dad is to helppeople see the world of finance from the eyes of the rich dad. Specifically, to not only earn money but to learn how to let money earn for them.Rich Dad Poor Dad has been successful in helping everyday people establish themselves as entrepreneurs
and has given them courage to enter the business world.

However, many people have questioned the validity of his financial advice and its applications in the real world.Most of the concepts in Rich Dad Poor Dad deal with taxadvantaged investment vehicles like asset investment and real estate, ventures that require money to make money.

Furthermore Robert Kiyosaki’s company has several board games that they sell which teach business and finance.The most popular games, Cash Flow 101 and 202, run dangerously close to oversimplifying wealth building in their effort to entertain customers.

Rich Dad Poor Dad succeeds as a motivational product yet lacks specific real world financial answers. Its tendency to brush over concepts without going into detail subsequently hurts the audience.



In school we learn that mistakes are bad, and we are punished for making them. Yet, if you look at the way humans are designed to learn, we learn by making mistakes. We learn to walk by falling down. If we never fell down, we would never walk.
-Robert Kiyosaki- Rich Dad Poor Dad

 "There is a difference between being poor and being broke. Broke is temporary, and poor is eternal."
-Robert Kiyosaki

"Successful people take big risks knowing that they might fall hard But, they might succeed more than they ever dreamed, too." 
- Robert Kiyosaki
Get one copy of it from here: 

Comments

Post a Comment

Popular posts from this blog

Influencer: The New Science of Leading Peoples|New York Best Seller|

Image
"The ability to influence people without irritating them is the most profitable skill that you learn"                                                                                                                                 -Napoleon Hill This book stresses on the importance of being able to induce change. This book connects the top leaders with a common thread. The books focuses on the leader's ability to influence and make a profound change. this book isn't about persuasion but it's about modifying human habits to induce important change. The book says: "As a result of failed influence efforts and unfulfilled dreams, most of us grow impatient." The book ...
Read more

Book Review-How to Win Friends and Influence Peoples|Best Seller|Communication Skills|

Image
For instant at one point, the book says: "IF YOU WANT TO GATHER HONEY, DON'T KICK OVER THE BEEHIVE" HOW TO WIN FRIENDS AND INFLUENCE PEOPLES was first published in 1937, which to some people might mean that the content is dated. In a few places, you can detect some dated language and cultural references, but for the most part it is a non issue; it's quite easy to visualize every human interaction example given in the book in a modern context. This book focused on how to deal with people especially when you are doing a business. This book provides highly practical and simple rules which can just be used as it is. There are no theories just the work done, ready to implement. This book can help you find new people and influence them the moment you meet them. “If you want the honey, Don’t kick the beehive” 1. “If You Want To Gather Honey, Don’t Kick Over The Beehive” Most people don’t respond very well to criticism, condemnation, or complaint,so if you’re feelin...
Read more

Flying Without a Net:Turn fear of change into Fuel of Success|Best Book|Best Seller in Amazon|

Image
Flying Without a Net: change fear of change into fuel of success by Thomas DeLong is best seller book of the decade. In this book Thomas DeLong explain how t draw strength from vulnerability. First , understand the forces that escalate anxiety in high achievers and the unproductive behaviors you turn to for relief. Then adopt practices that give you the courage to " do the right things poorly " before "doing the right things well." Packed with practical advice and inspiring stories, FlyingWithout a Net is an invaluable resource for all leaders seeking to thrive in this Age of Anxiety. Drawing on his extensive research and consulting work, DeLong lays out: - Roots of high achievers' anxiety: fear of being wrong and lack of a sense of purpose, and a craving for human connection - Destructive behaviors we adopt to relieve our anxiety: busyness, comparing ourselves to others, and blaming others for our frustrations - Behaviors we must adopt to gain str...
Read more