Rich Dad, Poor Dad

“The expressions “poor” and “rich” are used by Kiyosaki with a view to give an explanation for what form of behavior is preferable on the way to have financial freedom. It isn't always about judging yourself on the cutting-edge nation of your finances and your richness.”

The author used the argumentative expression in this book. The creator’s expression is informal. “Rich Dad, Poor Dad” is the tale of fathers; one has a set of stages and diplomas and the opposite is an immoderate school drop-out. When the overqualified father dies, he's going to depart next to not whatever behind, and even a few unpaid payments here and there. The school drop-out father becomes one of the richest men in Hawaii and will bypass on an empire to his son. Throughout his life, the former would say things like “I can’t afford to treat myself to this or that”, while the latter would say: “How can I treat myself?”

The rich father in this book teaches two small boys some invaluable lessons about money through their own experiences. The most crucial one is certainly to apprehend on how to quality use your thoughts and some time to create your very own wealth through business and investments.

Get out of the rat race. Learn the way to seize opportunities, locate solutions, deal with your commercial enterprise and investments and maximum especially, learn how to make money be just right for you and no longer be its slave!

“For most people, the reason they don’t win financially is because the pain of losing money is far greater than the joy of being rich.”

“Failure inspires winners. Failure defeats losers.”

“Real estate is a powerful investment tool for anyone seeking financial independence or freedom.”

Robert Kiyosaki tells the story about his two dads, his own dad and his best friend’s dad. Although he loved them both, while both of dads were different in perspectives about finance managing.

The author has highlighted the two main objectives/points that are considered as emotions too, these emotions makes the whole human race different in specific measures against economic and financial competition. Hence “FEAR AND GREED” dominates over one’s “decision” and “ideas”. People are afraid to be branded as weirdo’s and eventually denies to exit the “rat race”. Therefore, we will stick to the outdated mantra, “get a job, and earn money, study so that you can earn money”.

Furthermore the author signifies that modern world education system does not persuade upon educating students about fighting against subsequent favorable result for their success.

There are two types of people that are considered to be doing a job in a specific company. For example the two managers get a raise in their salaries. A wise one will invest his extra money in building up his assets that will bring him wealth. While on the other hand the person with “greed” will focus on his liabilities, his luxuries and eventually at the end of the day he will see himself on the foregoing state. If we observe in our surroundings we will see a lot of financial ignorant people. The only fault we acquire in our selves is that we let the education systems assume to make the youth programmed in such personalities that they forget about how important is gaining the knowledge regarding finances. Who we are blaming to?

The mind-set that we need to abrogate concerning about financial dealing is exclusively “arrogance”. The one who is arrogant in regards of learning about new aspects of different courses will be departed as low class and middle class. He will be left out from his “knowing it all” arrogant attitude. Moreover, the establishing of the financial IQ requires a lot of life experiences and struggles. One’s must acknowledge in regards of his/hers professional development and look forward to continue exertion in different ordered courses or events what comes in its ways. Every profession requires life experiences to proceed it in excellent ways.

The third pillar that author has specified is “taking the risks and not playing it easy”. Along with the struggles, trouncing against the hurdles that appears in our journeys is important for reaching our

Destinations. It’s the rule of thumb that the person who had faced the risks and learned to manage them has always succeeded in his/hers professions. Hence the main objective which is described above concludes that a hard work is required to achieve the goals and for attaining the targets the most important assent is learning financial management.

Another idea in this book that author has specifically high listed is that “pay yourself first each month”. This states that in every month set aside the liabilities you live on for and make assets to grow or build up wealth. It further includes that stay motivated and “mind your own business” an intellectual person focuses “how he learns and what he learns” and he invests in making his assets while the assets themselves become a source of income for him. The most important task to do is to make your own asset and be “yourself a biggest asset for you”. So the first thing to put your earn is in to your pockets.

In aspect of recommending this book I think it is highly efficient in manners of gaining knowledge regarding finance management. This book compiles the whole perspectives about fiscal matters, and the young youth necessity must not be only achieving high scores in academic era but also learning the life lessons and how to build up their personalities and accomplish their life goals and professions they had ever dreamed about.  In this book the main objective that was highlighted is particularly in consideration of how businesslike one’s person is and if he/she doesn’t acquire awareness in counts of financial IQ  so how and what does this person requires to do to achieve success in business class. 

The start of any kind of profession requires “greed” for accomplishing the victory in proclamation. In ratio of balancing these two emotions “greed” (thus mentioning this emotion doesn’t mean symbolizing the materialism) and “passion” in aspects of one’s career. The person consisting these two classifications will be able to accomplish in his/her life goals by executing what comes in its ways. The most important attribute that must be emphasized is ceasing the emotion “fear”, it retards one’s passion and willingness in contemplate of his/her career. One must overcome the fear and laziness and must back up and stand up for their ambitions. 

I must say that this book is highly appreciable and I essentially recommend this book because in this book the immense and broad strands of financial management is highlighted and exposure in regards of how important is acquiring the financial and accounting knowledge. Today’s generation is in deficient of social and communal awareness in aspects of career building because our education systems does not teach about perseverance in their professions and life goals. Hence it is stated that youth requires to research on its own ways in measures of such kind of books. 

I must say that the writers should not stop on composing or compiling such kind of life experiences and concepts of in production of financial IQ. We must not stop appreciating the authors, wordsmith, the journalists, anchor persons, motivational speakers, and the counsellors because these personalities are playing major characters in child’s uprightness and character building. These charters require a lot of public fame and motivation so that these kinds of master pieces can reach the underprivileged personalities.

So examine the book Rich Dad, Poor Dad and set yourself goals and additionally take the plunge! Most importantly, never lose sight of the truth that wealth is first and major and terrific life experience. Have a very good trip!

Rich Dad, Poor Dad is an incredible book, in the literal experience. I cannot fully explicit how a great deal this book transformed my imaginative and prescient of cash and most particularly my notion of wealth.

Before I examine Rich Dad, Poor Dad, part of me become convinced that all “wealthy people” had been born that way. That you had to have cash to get wealthy and that the handiest solution become to join the rat race, although that is not what I called it on the time.

Nowadays, I am firmly convinced that you could find out how to turn out to be rich and that economic freedom is a practical goal if you move toward it methodically and patiently.

I have come to be a real investor, in Kiyosaki’s feel of the word and even if my assets do now not yet make enough for me to stay on. I am quite hopeful that this may be the case within five to 10 years. In any case, I will do it one day!