Skip to main content

Rich Dad Poor Dad: What the Rich Teach their Kids About Money that the Poor and Middle Class Do Not!




Written by Robert Kiyosaki and Sharon Lechter in 1997, Rich Dad Poor Dad is based mostly on Kiyosaki's young days spent in Hawaii. Enriched by Kiyosaki’s personal experience and the teachings he received from his rich dad and poor dad, the book highlights different attitudes towards money, work and life.
Framed around six main teachings and lessons, the book is mostly a self-reflection. Apart from the financial benefits, the book also describes and highlights the teachings he got from his poor dad, i.e., empathy and responsibility towards society.
Described as a personal finance book, it has not only challenged, but has also changed the way people think about money. The book talks about Kiyosaki’s background, his business ventures and investments and variation between possessions and liabilities and what importance they both have in terms of starting and owning a business. It also sheds light on the teachings given by rich to their kids, which is usually missed by poor as well as the middle class parents and why it is important to have financial literacy over and above all.
It also provides impetus on doing work for learning and not for earning and teaches the importance of investing and building business. This path-breaking book also showcase how one must be prepared to take action and risk and communicates the idea of how one’s primary residence is a liability and not an asset. It communicates the importance of intelligence and literacy in terms of finance and how financial and entrepreneurial skills play a vital role in the success. How to use power and prosper with the help of investment skills and why it is important to possess investment skills are also written in clear and crisp words in this book.
The book also talks of the importance of investment and free enterprise and urges the prospective investors and businessmen to learn from others, especially from rich people and generate new ideas to excel and succeed in life.
Originally published in 1997, it was also selected commercially. Termed as New York-Times bestseller, the book has been a boon for management and financial aspirants.
About the Authors
A successful American businessman, motivational speaker, radio personality and self-help author, Robert T. Kiyosaki wears many hats. A well-known writer who can inspire readers with his words, his book Rich Dad Poor Dad advocates the importance of financial independence and is arguably based on his own life.
Labels:

Comments

  1. Gangireddy Srinivasa Reddy29 October 2017 at 23:56

    I have that book and read just four pages , i have lot of time to read. So, i will read it and understand. Thank you sir for your valuable suggestion.

    ReplyDelete

Post a Comment

Popular posts from this blog

Vision 2027 for upcoming Godavari Pushkaralu

  Tourism Minister Kandula Durgesh takes part in coordination meeting Rajamahendravaram: Minister for Tourism, Culture, and Cinematography Kandula Durgesh explained the preparation of a comprehensive plan called ‘Vision 2027’ for the upcoming Godavari Pushkaralu. He announced this during a coordination meeting held on Tuesday at the Rajahmundry Municipal Corporation meeting hall, where various departments discussed the management of the 2027 Pushkaralu. Speaking at the meeting, the minister emphasised the need for a unified development strategy for the district, expecting around 80 million devotees to participate in the festival. He highlighted the importance of crowd management and traffic control to ensure a smooth experience for pilgrims. Plans are underway to develop more bathing ghats to accommodate the influx of devotees. The minister mentioned that there would be a detailed study on aspects such as accommodation, security, and transportation for pilgrims. Efforts will al...
Post a Comment
Read more

Exploring Binaural Beats: Science, Myths, and Brain Hacking Potential

Are binaural beats the secret to achieving heightened focus, relaxation, and even memory enhancement, or is this all just hype? Today, we’re delving into the world of binaural beats to see what the science says about their claims and potential benefits. What Are Binaural Beats? For those unfamiliar with binaural beats, they occur when each ear hears a slightly different frequency. The brain, in an attempt to reconcile these sounds, creates a perceived third sound — the “binaural beat” — which is the difference between the two frequencies. This phenomenon is often described as the brain “filling in the blanks,” a process many listeners find fascinating. The Potential Benefits Claimed The third beat created by the brain is where the supposed benefits of binaural beats come into play. Advocates suggest that listening to binaural beats at specific frequencies can help synchronize brain waves, encouraging different mental states. Claims range from deep relaxation and improved sleep ...
Post a Comment
Read more

Discussion about Scent Teleportation Research by OSMO AI

  This episode is a dialogue between two people based on OSMO AI research Scent Teleportation. The post from the Osmo AI blog details the company's groundbreaking work in “Scent Teleportation.” The team has developed a process using a specialized machine called the GCMS to capture the molecular makeup of a scent, analyze it with a powerful AI-driven tool called the Principle Odor Map, and then recreate it using a Formulation Robot. The article explains how this technology is constantly being refined through regular experiments, aiming to capture even the most subtle nuances of scent and ultimately make sharing smells as simple as sharing a photograph. OSMO AI Blog Post by Alex Wiltschko
Post a Comment
Read more