Dec 15, 2015 12:50 PM
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Rich Dad, Poor Dad is the story by author Robert Kiyosaki's and this story revolve around his two fathers – one is rich and one is poor father.
The author had to choose between following the footsteps of either his poor dad – an educated government servant, or his rich dad – an entrepreneur & illiterate. And he chose to be trained according to his rich dad.
The book shows how the rich people don't work for money, actually money work for them. The rich retain assets rather than liabilities. The Author has brilliantly differentiated between the liabilities & assets and explained that most people believe that higher income will make them rich, but in reality, higher incomes repeatedly lead to higher expenses. Kiyosaki says, you are working January to mid-May just to pay your taxes.
This book focuses on the financial advice Kiyosaki learned from his rich dad. His rich father was a multimillionaire by using his financial expertise and intelligence.
We should act rich in order to become rich. I read this book long back but still applying its principles in my life. A must read book.
