If you don't handle money, it will handle you. That's a pretty vague outline of this book. Hailed as one of most sought book on financial literacy, it is a hard knock on the reality of many people who play it safe their entire life.
The book starts off with the author's childhood. The journey to 'make money' started in his early years along with his best friend, Mike. They first made money by smelting toothpaste tube which were in those days were made of lead. They both got excited in the process just to know later they can not make money like this, as it was illegal. But the point is they tried and made lead nickels in their backyard. Many people don't even take a chance.
Robert's father was a well educated person, staunch believer in the government system, with a safe job and he wanted his son to follow the same path. On the other hand, Mike's father was a dropout, running a successful business, didn't believe much in the system.
Both made pretty good money but what differed them was their way if thinking and their way of managing monies. One had idealistic approach to life and other didn't. One struggled financially while other one didn't. Mike's father became 'Rich Dad' for the author. Opinions and outlook of both of them shaped author's life in a different way. He had guidance of two fathers and it was upto him to make a proper choice for himself. He had an advantage unlike others who had one voice to guide them. He made a pretty good use of it.
The book gives a perspective on how poor, middle and rich class make and manage their monies. Most of us live a safe life on a safe job, earn money, spend it and so on the rat race continues. We fail to 'make' money. Rather than earn it we should be able to make money even when you're not working for it. This is the message that the author tries to convey to readers. To make money work for us. Most of the people spend their lives working for money in their monotonous life without exploring, without risking, playing it safe all along just to realize they are losing out on living life. People are afraid of change, people are afraid to get out of their comfort zone. We all have done that, been there. It's a hard hitting truth. I read somewhere that 'THE TROUBLE IS IF YOU DON'T RISK ANYTHING, YOU RISK MORE'. This statement is true in retrospective.
In this day and time the need for financial literacy is very much required. It forms the basis for converting money into investments and investments into returns. The book helps to differentiate between assets and liabilities, greediness and the need to be rich. It emphasis on 'minding your own business', in a good way, to deal with taxes, how to invent money, so on and so forth.
It isn't all about money but also about perspectives and ideologies. Financial freedom and wealth won't expand exponentially if you don't expand your mind and ideas. What I have learned from the book is that to not to get into the rat race, and get stuck their because when money controls our mind then it's difficult for us to control out life. We all want to have lots of money, who doesn't?! But when we let that money take over our brain then problems are created. It's about getting rid of those problems. Many a times its fear which creates the problems or laziness or cynicism or habits. It's about overcoming those obstacles and lead a good life. There are various real life examples in the book as a proof to be financially successful. Until one is willing to learn something new and invest time in it wont do any good to you.
Its how not to become a 'Chicken Little' and fear the falling of the sky. We all are afraid, but we overcome it at some time. Overcoming financial independence is simply a process just like any other else but one needs to try it in order to achieve it.
Question yourself - 'How can I afford that'? And your mind thinks of different ways to make money, or please yourself by telling yourself 'I cant afford that' and your mind shuts down its thinking. We human are capable of achieving anything we choose to focus our minds on. It all comes down to the execution of it.
'Rich Dad, Poor Dad' is a pretty insightful book on how to lead a debt free and financially independent life. It's about doing what you love and not be afraid of change which most us don't, for money.What we don't do is invest in ourselves and expect returns on investments which aren't financially fruitful. Educating and constantly teaching ourselves about financial literacy wouldn't hurt anyone to be rich. The book is relatable to almost everyone and its what makes it a hit among millions across the world. Read the book to know more about the financial intricacies to be successful.
For me it would be a lifelong guide and reference onto my path to financial success.
Hope you liked it! Share it with your loved ones.
The book starts off with the author's childhood. The journey to 'make money' started in his early years along with his best friend, Mike. They first made money by smelting toothpaste tube which were in those days were made of lead. They both got excited in the process just to know later they can not make money like this, as it was illegal. But the point is they tried and made lead nickels in their backyard. Many people don't even take a chance.
Then they worked at Mike's father's office for little pay. They had to make couple of sacrifices. Robert wanted a pay rise but instead he ended up working for free.
Robert's father was a well educated person, staunch believer in the government system, with a safe job and he wanted his son to follow the same path. On the other hand, Mike's father was a dropout, running a successful business, didn't believe much in the system.
Both made pretty good money but what differed them was their way if thinking and their way of managing monies. One had idealistic approach to life and other didn't. One struggled financially while other one didn't. Mike's father became 'Rich Dad' for the author. Opinions and outlook of both of them shaped author's life in a different way. He had guidance of two fathers and it was upto him to make a proper choice for himself. He had an advantage unlike others who had one voice to guide them. He made a pretty good use of it.
The book gives a perspective on how poor, middle and rich class make and manage their monies. Most of us live a safe life on a safe job, earn money, spend it and so on the rat race continues. We fail to 'make' money. Rather than earn it we should be able to make money even when you're not working for it. This is the message that the author tries to convey to readers. To make money work for us. Most of the people spend their lives working for money in their monotonous life without exploring, without risking, playing it safe all along just to realize they are losing out on living life. People are afraid of change, people are afraid to get out of their comfort zone. We all have done that, been there. It's a hard hitting truth. I read somewhere that 'THE TROUBLE IS IF YOU DON'T RISK ANYTHING, YOU RISK MORE'. This statement is true in retrospective.
In this day and time the need for financial literacy is very much required. It forms the basis for converting money into investments and investments into returns. The book helps to differentiate between assets and liabilities, greediness and the need to be rich. It emphasis on 'minding your own business', in a good way, to deal with taxes, how to invent money, so on and so forth.
It isn't all about money but also about perspectives and ideologies. Financial freedom and wealth won't expand exponentially if you don't expand your mind and ideas. What I have learned from the book is that to not to get into the rat race, and get stuck their because when money controls our mind then it's difficult for us to control out life. We all want to have lots of money, who doesn't?! But when we let that money take over our brain then problems are created. It's about getting rid of those problems. Many a times its fear which creates the problems or laziness or cynicism or habits. It's about overcoming those obstacles and lead a good life. There are various real life examples in the book as a proof to be financially successful. Until one is willing to learn something new and invest time in it wont do any good to you.
Its how not to become a 'Chicken Little' and fear the falling of the sky. We all are afraid, but we overcome it at some time. Overcoming financial independence is simply a process just like any other else but one needs to try it in order to achieve it.
Question yourself - 'How can I afford that'? And your mind thinks of different ways to make money, or please yourself by telling yourself 'I cant afford that' and your mind shuts down its thinking. We human are capable of achieving anything we choose to focus our minds on. It all comes down to the execution of it.
'Rich Dad, Poor Dad' is a pretty insightful book on how to lead a debt free and financially independent life. It's about doing what you love and not be afraid of change which most us don't, for money.What we don't do is invest in ourselves and expect returns on investments which aren't financially fruitful. Educating and constantly teaching ourselves about financial literacy wouldn't hurt anyone to be rich. The book is relatable to almost everyone and its what makes it a hit among millions across the world. Read the book to know more about the financial intricacies to be successful.
For me it would be a lifelong guide and reference onto my path to financial success.
Hope you liked it! Share it with your loved ones.
