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Rich Dad Poor Dad
(Robert T Kiyosaki)

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Write your abstract here.

"Robert.T Kiyosaki is a person with an extraordianry
intellect.He has an extremely strong natural talent and
aptitude when it comes to dealing with money". These were
my first thoughts after reading the book "Rich dad,Poor
dad".But how true are these thoughts ? Is he really "the
God of money" ? Well, in my true opinion, no.In fact not at
all.He is just one of those rich people who understand how
money works.The only way he is different from other rich
people is that he is willing to share his knowledge.

So what exactly is this book all about ? Money ? Well, yes.
of course.But not only money.Its about about seeing the
complete picture, those many many factors, basic ideas,
those most vital facts that we miss out, beacuse we look
only at the money.

Kiyosaki teaches a very simple formula for people to get
rich.And when one thinks about it, it is indeed damn simple.
He says, if you wanna get rich, just build your assets and
keep your liabilities low.Thats it !!! Surprisingly here,
Kiyosaki expresses a strong thought behind a very simple
idea.

He gives examples of how a lot of people (especially newly
wed couples) fall into what he calls the "rat race"...work
hard...earn more...pay more...buy more...work harder...earn
even more....pay even more...buy even more....and on and
on.And what happens eventually is that you wake up one
morning to find out that you are in the middle of a deep
financial crisis.You have loans against your house, you
have loans on your cards, you have to pay them all, and
what you earn is much less that what you have to pay.So you
simply work harder, thinking that getting a raise would
solve the problem.When in fact your liabilities go up with
your income.

The solution to the problem according to Kiyosaki is that
you build your assets till you actually can afford that
liability waiting around the corner, it may be a new car,
or a new house, or anything that leaves a hole in your
pocket.Its that simple...build your assets, before you want
to have liabilities.What he is trying to say in the book
is, not to consider your income as your asset.An asset
would be an alternate source of fixed income, maybe monthly
or yearly income.Kiyosaki suggests building a good
financial and working knowledge of stocks, bonds, small
caps, real estate etc. etc. as these are good forms of
assets.

He claims that people simply refuse to use thier minds when
it comes to money.Why dont't they thik before they build
those heaps of liabilities or expenditures.Kiyosaki
suggests that building a strong financial knowledge starts
with a strong foundation.He explains that need creates
want.We must train the mind to think and use it to tell
us ways in which we can earn money.Its all about building a
good financial aptitude.And its so easy, that everyone can
do it.

The book also tells us how children getting the basic
school education miss out on financial awareness.Schools
don't teach you the science of money and besides accounts
is too boring to study.Nobody cares to study about money
and then they come up with all sorts of queries and
requests asking how to get rich soon etc. etc.The book
tells us that mastering money isn't a big deal at all.One
need not study accounts to do that.The book teaches you how
to master money and it does that by teaching simple and
basic concepts revolving around money.

The book also tells about the history of taxes and the
power of corporations.It describes how taxes eat away your
income and what are the hidden powers of
corporations.According to Kiyosaki the rich make money work
for them while the poor work for money and that the rich
don't just know to earn or accumulate money, they know to
keep it.With smart examples from his own life, Kiyosaki
explains how to make money work for you.

All in all, the book is nicely structured with exent
examples dealing with day to day life scenarios and human
emotions involving money.Its a great book for kids, adults
and anyone who wants to get rich and who wants to know how.



Resumos Relacionados


- Rich Dad Poor Dad Ii -cashlow Quadrant

- Rich Dad, Poor Dad

- Rich Dad Poor Dad

- Cashflow Quadrant---rich Dad?s Guide To Financial Freedom

- Cashflow Quadrant---rich Dad?s Guide To Financial Freedom



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