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Rich Dad, Poor Dad is a motivational book written in an anecdotal fashion by Robert T Kiyosaki. This was the book that made Kiyosaki one of the best selling authors internationally. This book is about how to be successful financially, how to use business protection tactics; profits made by investing in real estate and provide useful information about running a successful business. It provides information to the readers about how to become fiscally secure, how to break free from the cycle of low income and living on a shoestring budget. This book has some excellent guidelines for investing wisely and profitably.
Rich Dad, Poor Dad is about how to make money by making the correct use of resources and people. The poor dad he refers to in the book is his dad who was educated well but who had retired poor, the rich dad is his friend Michael’s father who though not so well educated was rich due to adopting good business strategies. This book tells people that they have to learn to save money instead of spending it unwisely and making bad investments. Kiyosaki’s father had to struggle to make ends meet living on a paycheck, while the rich dad had money working for him by being a superlative businessman with great fiscal acumen. Rich Dad, Poor Dad advices people to become financially literate and to make good use of the money they earn in order to be financially secure. Kiyosaki wants to instill the habit of paying oneself first, saving money each month and to make good investments. Rich Dad, Poor Dad has received rave reviews from JP Morgan, who declared that this book rocked the financial world. According to the Wall Street Journal it is “A starting point for anyone looking to gain control of his or her financial future.” The formula to success, according to the book Rich Dad, Poor Dad, is to have the right attitude, save and invest wisely, to learn all that is possible about finance and its management and the right usage of money. It drastically changed the way people looked at money, owning houses and investments with its insights on finance and fiscal stability, and hence it appeals so many people across the world. |