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Book Review: “Rich Dad, Poor Dad” by Robert T. Kiyosaki

3 January 2010 271 views No Comment

As we grow up, we are often told by our parents and peer groups to go to school, get good grades, enjoy education and to get a good and secure job at a company. We strive to gain wealth by working hard, and fighting for promotions and salary raises. At the same time, we try to get ourselves comfortable lives: a nice apartment, a car, fashionable clothing, and good lifestyle in general. We use credit cards and loans to finance things for which we do not yet have money readily available, and often use out monthly salaries to pay off debt and mortgages. Then, as we grow older and our demands to life grow, we marry, get children, perhaps bigger estates, and we work even harder to keep up with the rising costs of living.

In his book Rich Dad, Poor Dad, Robert T. Kiyosaki calls this the rat race. Most people are so much taught during childhood and adolescence that this is the one and only way to achieve success and wealth, that this is the natural way to go for most people. At the same time time, each month when we receive our salaries we get disappointed; is this little salary all we get from hours and hours of hard work each month?

Robert T. Kiyosaki tells the story of aboy (himself) growing up with two dads; one “poor” dad, working his ass off for others and always struggling with financial problems his entire life, and a “rich” dad, who understands the laws of finance and making investments; whereas the poor dad works for his money, the money works for the rich dad.

Rich Dad, Poor dad is a well-written guide, in which the reader is drawn into the mind and way of thinking of an entrepreneur. The book discusses the basics of how income is earned and spent, and the differences of how the rich and the poor generate and spend money. Furthermore, the book offers a good introduction to the role of taxes, and what there is to do in order to escape the rat race and start leading a rich and fulfilling life.

The best about this book is the fact, that it does not focus on starting your own business, or anything similar. In stead, it focuses on how to correctly handle money, and how to develop the ability to identify business opportunities in its broadest sense. It is a highly motivating book, which will change the way you look at work and earning money for sure.

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