Rich dad, poor dad, book review

Rich Dad Poor Dad is written by Robert Kiyosaki, a well known and successful author of many books on personal finance. I picked up a copy of Rich Dad Poor Dad over the weekend thanks to its catchy slogan 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 discusses many topics, such as the fact that it is wise to practice financial education by avoiding debt and starting businesses and real estate. Robert’s book tells us that we must acquire more and more knowledge about financial markets and finance-related terms because most people lose money not because they are stupid, but because they tend to lose out 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 fit for it. As one learns more and more about basic financial terms and practices to acquire financial literacy, 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 didn’t know anything about them.

In the book, Rich Dad Poor Dad, Robert refers to his real dad as “poor dad” as a symbol for all those people who are always running the rat race, stuck helplessly in a vicious cycle of needing more. but never able to meet your needs. dreams, all due to a glaring lack: financial education. On the other hand, the man they refer to as “Rich Dad” is the father of a neighborhood friend who has never finished the eighth grade, but owns a department store, a business, and a chain of three restaurants.

Your “Rich Dad” represents those independent and wealthy people of the world who consciously and deliberately take their personal tax and accounting knowledge and manipulate it to their advantage to enjoy great success in this world.

Rich Dad Poor Dad is a good book for people who have just started the journey of learning to read and write finance. Although there is a lack of actionable items for the reader to do, it lays the groundwork for people to get started. It is available from all the leading bookstores, although it is best purchased through some online retailers due to the deep discounts they offer.