Book corner: Rich Dad Poor Dad

Let’s talk finances today. So, I have read this book “Rich Dad Poor Dad” lately, which is marked as the best seller of all time. There is no doubt in the fact that the book has got all praises around the world. If you are someone who wants to learn how money works, read this book. You will find help in taking the first steps. The author, Robert T. Kiyosaki, enlightens you with financial literacy like no one (which is at least my opinion so far). I have also watched a couple of clips from his different interviews, and the reflection of his words is quite clear.

If I ever talk with someone about finances, I used to say that earning money is easy; however, the way you spend is the next level thing. Now I understand, the right word is “managing/controlling” not “spending.” It is an art for life. The earlier you learn, the better. Whether an individual or organization, all need brains to make money work for them.

Bit by bit, the book describes the thinking patterns of two different mindsets – rich and poor. It reveals why some of us struggle with our money while others are quick in making the right move at the right time. It is the unconscious behaviors of people & the way their families program – whether rich or poor. And if you know, you know that changing any learned behavior is one heck of a job. On the upside, as Eckhart Tolle (a teacher) once said, “Awareness is the greatest agent for change,” I am always eager to help myself.

Let’s roll on further to this book review.

What’s the book? Rich Dad Poor Dad

Genre: Personal finance, entrepreneurship, business, investing, economics

Author: Robert T. Kiyosaki

Good Reads: 4.1/5

Thumbs Up/Down: Always Up.

My Review: Generally, people focus on savings in a middle-class household (like many of us). Their whole lives, they work for money rather than making money work for them. They focus on savings, which isn’t profitable in long term most of the time. With the help of some simple charts, Robert explains the cash flow of rich and poor. You must have some basic knowledge of income statements and balance sheets to understand the concepts. Decisively, there are a variety of thought-provoking ideas to know.

Out of many, here I am sharing a few parts of the book I liked the most.

Intelligence solves problems and produces money. Money without financial intelligence is money soon gone.

A person can be highly educated, professionally successful, and financially illiterate.

The rich buy assets. The poor only have expenses. The middle class buy liabilities they think are assets.

Workers work hard enough to not be fired, and owners just pay enough so that workers won’t quit.

If you have little money and you want to be rich, you must first be focused, not balanced.

Our lives are a reflection of our habits more than our education.

Without a strong reason or purpose, anything in life is hard.

If you call on your financial genius, you can have all goodies of life, get rich, and pay bills. And that is financial intelligence.

If money is smarter than you, you will work for it all your life.

Whenever you feel short or in need of something, give what you want first and it will come back in buckets. That is true for money, a smile, love, or friendship.

It is true that your world is only a mirror of you.

I hope I haven’t blown away your mind by now. I could have made it short, but it just went with the flow.

If you have read this book already, how do you like it? And if not, will you plan on reading it? Let me know in the comments section below.

Peace out.

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