Thursday, July 17, 2014

Rich Dad Poor Dad: Book Review

I got the chance to do some travelling lately and read a book that was given to me titled, Rich Dad Poor Dad. This New York Times bestseller, written by Robert T. Kiyosaki with Sharon L. Lechter, in the late 1990's and published in 2000, proved to still be applicable to today's age. Maybe even more so now.
The book has a chronological essence to the way it unfolds. It begins with the author as a child and his friend trying to literally make money and get rich. It is this spirit and child like ambition that the book inspires it's readers to use to get out of the "Rat Race" and on the fast track to financial independence. The book shows that one can never truly be wealthy unless he or she has a sufficient financial IQ. A financial IQ allows for a person to know how money works and how to make money work for them.
Often we advise youngsters to play it safe and get secure job. This is breeding more and more "sheep" and good employees that will never get out of the Rat Race. Sheep that don't know the power of acquiring assests and making money work for them instead of working for money.
Each time you go to work your making someone else rich. Think about the ladder in a corporation you are trying to climb, you're making the guy who owns the "ladder" richer. Also when you go to work you are making the government richer, the more you make, the more you pay in taxes. After you have made all these others rich you pay your expenses and then try to save what is left over, which hardly is ever anything.
This particular book enlightens it's readers on the power of financial aptitude. I would highly recommend it to all those who are bold enough to make the change and start letting money work for them rather than remaining trapped in the Rat Race and working for money, making everyone rich but themselves.
I also see how this sort of information should be MANDATORY for all law abiding citizens with a high school or equivalent education. It allows for a more secure financial foundation and would beneficial to our society and future generations.
You can find this work online or at many book selling stores, such as Barnes and Noble or Books-A-Million


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