Rich Dad Poor Dad is written by Robert Kiyosaki, a well-known and successful author of many books on personal finance. I happened to buy a copy of Rich Dad Poor Dad over the weekend thanks to his catchy catchphrase or maybe I thought it might help my dwindling bank balance! This book has been on the New York Times bestseller list for many years and has many other credits to its name.
Rich Dad Poor Dad covers many topics, such as the fact that it is advisable to practice financial education by avoiding debt and starting businesses and real estate. Robert’s book tells us to get more and more knowledge about financial markets and finance related terms because most people lose money not because they are dumb but they tend to lose because of lack of knowledge.
According to the book Rich Dad Poor Dad, financial education should be treated like learning another language and one should be apt for it. As one learns more and more about basic financial terms and practices to become more financially literate, one begins to pay more attention to details such as financial statements, assets, liabilities, credit and debt, and other components of the financial world. These terms would have been ignored before or one simply did not know anything about them.
In the book Rich Dad Poor Dad, Robert refers to his real father as “poor dad” as a symbol for all those people who are always running the rat race, helplessly trapped in a vicious cycle of needing more but never being able to. meet your needs. dreams, all due to a flagrant lack: financial education. On the other hand, the man they refer to as “Rich Dad” is the father of a neighborhood friend who never finished eighth grade but owns stores, a company, and a chain of three restaurants.
Your “rich dad” represents those independent and wealthy people in the world who knowingly and deliberately take advantage of their personal knowledge of taxes and accounting and manipulate it to their advantage in order to enjoy great success in this world.
Rich Dad Poor Dad is a good book for people just starting out on the road to financial education. Although there is a lack of actionable items for the reader to do, it sets a foundation for people to get started. It is available at all leading bookstores, although it is better to buy it through some online retailers due to the deep discounts they offer.
