Robert Kiyosaki’s book Rich Dad Poor Dad
Robert Kiyosaki’s book Rich Dad Poor Dad reflects the ways and means through which one can attain wealth. The book primarily talks of the advices that the author receives from his own father who is a well versed person, extremely knowledgeable but according to him he is ‘poor dad’. On the other hand his friend’s father is termed as ‘rich dad’ because of his outlook regarding the achievement of success. Both have different angles, the latter one has a low level of education, their perspectives differ but the author wants to show that ‘rich dad’ is a more affluent man, his principles are more effective.
He is undoubtedly moved by his natural father’s principle regarding the earning of money is concerned. His father lays emphasis on the fact that education is directly proportional to earning of money. Education definitely imparts knowledge on the basis of which one attains social status. This is the reason why children are send to school wherein the child is groomed and finally when he attains job, the job is a standard one and has some stability and security. Thus academics is given due weight age by his natural father. However Robert Kiyosaki’s states this as RAT TRAP where by the worker works dangerously but a sense of monotony works within him.
Rich dad on the other hand was more matured according to him. He was more practical so far as to earning of wealth was concerned. He suggested that the education shop mainly provided in bulk people for employment but failed in generating people who could wisely manipulate and manage their budget and finances.
Rich dad was making a hint towards the investments and Robert Kiyosaki understood his point. His book clearly states the fact that an investors prime motive should be to make his assets accumulate to the peak while staying clear of liabilities like car , residences or boats . The assets are mainly bonds, stocks and rental housing estates by virtue of which one can create income. The financial foundation can be strong when one will be able to clearly demarcate between their assets and liabilities.
The book put forth’s the point that financial literacy is utmost significant if one has to attain potluck in life .One needs to have education in this field which will increase the rate of his growth of money standards , it also helps him to make good financial selections when money is in his hand. The book will simply act as a mentor for you when you require making bold monetary decisions thus making you smarter in this domain. Money transactions will be easier for you now as it will simplify the money game and it will curtail the chances of money loss!
He is undoubtedly moved by his natural father’s principle regarding the earning of money is concerned. His father lays emphasis on the fact that education is directly proportional to earning of money. Education definitely imparts knowledge on the basis of which one attains social status. This is the reason why children are send to school wherein the child is groomed and finally when he attains job, the job is a standard one and has some stability and security. Thus academics is given due weight age by his natural father. However Robert Kiyosaki’s states this as RAT TRAP where by the worker works dangerously but a sense of monotony works within him.
Rich dad on the other hand was more matured according to him. He was more practical so far as to earning of wealth was concerned. He suggested that the education shop mainly provided in bulk people for employment but failed in generating people who could wisely manipulate and manage their budget and finances.
Rich dad was making a hint towards the investments and Robert Kiyosaki understood his point. His book clearly states the fact that an investors prime motive should be to make his assets accumulate to the peak while staying clear of liabilities like car , residences or boats . The assets are mainly bonds, stocks and rental housing estates by virtue of which one can create income. The financial foundation can be strong when one will be able to clearly demarcate between their assets and liabilities.
The book put forth’s the point that financial literacy is utmost significant if one has to attain potluck in life .One needs to have education in this field which will increase the rate of his growth of money standards , it also helps him to make good financial selections when money is in his hand. The book will simply act as a mentor for you when you require making bold monetary decisions thus making you smarter in this domain. Money transactions will be easier for you now as it will simplify the money game and it will curtail the chances of money loss!
