Rich Dad Poor Dad, I had heard a lot about this book in the past few years and having read absolutely no business or financial books in years (7 to be precise), I decided to pick it up and read it. If nothing else than as a change.
In the beginning itself, let me warn you, this isn’t a get rich quick guide. So if you’re looking for that, it is better to look elsewhere.
Also, this isn’t a book for those who are easily offended. Since Robert T Kiyosaki (the author) doesn’t mince any words while debunking the myths of the middle class, whether it is believing a house is an asset or believing in working hard to earn more money for a better tomorrow.
Rich Dad, Poor Dad is a book filled with wisdom Robert receives from his father (Poor Dad) and his friend’s father and his mentor, the Rich Dad.
He mixes these lessons with his own experience and presents to the reader a way of thinking that ought to help you generate passive income i.e. have the money work for you, instead of you working for the money.
After all, it is only when the money begins to work for you and you start generating revenue from your assets, that you’re truly on the road to riches and can manage to stand out from the rat race.
At the end of the day, it really comes down to having the discipline to pay your self first (investing for your future), reducing wasteful expenditure, developing assets which make money for you, educating yourself to realize not only the opportunities which lie ahead but also come across cleaver ideas to manage your assets optimally.
Sadly though, most of us are taught from childhood that the money is the root of all evil, yet, our lives are almost entirely devoted to earning it with a guilty conscience, in order to pay for the things and experiences we really want.
And this book helps debunk that myth and helps you realize the folly of treating money as something evil and undesirable and only a medium to purchase the things you want.
Of course, there are plenty of sales pitches for Robert’s other books, games, and seminars, which may or may not be of any interest to you.
In the end, I found Rich Dad Poor Dad to be an excellent financial education book for just about everyone out there. As long as you realize, you don’t really need a huge corpse to begin investing smartly and the best time to change your attitude towards money is right now, it should help you build a better empire of your own.