Robert Kiyosaki refers to two fathers, his father is poor as he went to school, earned good grades, obtained his PhD and after various years of service, retired due to differences with Government. Second father, his friend’s father is a rich father who is a businessman. This book is based on advices given by the ‘rich’ father to the author.
Six Secrets of Rich:
1. Rich don’t work for Money.
2. Learn financial literacy.
3. Mind your own business.
4. The History of taxes and power of corporations.
5. Rich Invest Money.
6. Work to Learn – Don’t work for money.
The Rich Work For Money he says when it comes to money people are driven by the emotions of fear
not having enough money and desire to have nice things. He says if you want to be rich you need to develop financial literacy even though the difference is there in assets and liabilities. He always says that “Assets earns your money and Liabilities burns your money”.
While the poor dad says work to learn but not for money. He always says there are many skills but the main thing should be you must be master in your skills. A journalist he met wanted to became a best selling author, she had written many of the novels but nothing had happened because for becoming a bestselling author first she need to learn sales skills to become a bestselling author.
OVERCOME OBSTACLES:
Fear: Nobody likes losing money so use money carefully and spent it when it is needed.
Laziness: Be Punctual in your work that the success and money you will get.
Habit: Create a good habit especially in the area of money.
Rich Dad Poor Dad is both inspirational and thought provoking. It is inspirational in the sense that he, like most of us, started on the wrong side of the track, and made his way out. It is also thought provoking because he makes you think differently than you did before. Not thinking of different things, but the same things differently. It also teaches that to become a successful man in life you need to have a big dream and also to use a power of choice i.e. you can sit at home and watch television all the day or you could take a household course to do it depends on your choice.
Though he present what he learned in 'only' six lessons, each of these lessons might take you a while to absorb - as it did him. He does not tell you how you can become rich and financially independent, but his story inspires you to find your own way. Rich Dad Poor Dad is a must buy for everyone who seriously wants to find out how the rich think and aspires to become rich. I did not have a rich dad, but I may one day become a rich dad to my children by the principles embodied in this book.
By reading the book one thing also I get to know is the generation is changing day by day so keep learning as much as you can because what you may have worked yesterday might not work today. This book has opened my eyes and I can confidently recommend it to anyone who wants to know if the rich think differently and in what ways they do
.
The main thing which I understand was the importance of the money in the World. One thing which I liked in this book is the way in which both the dads tries to explain the boy about how the generation needs money and In which way money should be gained. Many of the examples given in the books are really very good with a lot of imagination and truth in them. The main aim of this book is to provide knowledge to the up coming generation the way about dealing with the financial elements through out the life.
After reading the book I came to know that some were the thinking of the rich dad matches with me and some times the poor days feeling relay same as my opinions. One of the coolest think about this book is that we can literally visualize the situation as per the story goes.