Rich Dad Poor Dad

Tittle   : Rich Dad Poor Dad 
Author: Robert T.Kiyosaki 

The book entitled "Rich Dad Poor Dad" outlines the difference between how the rich, the middle class and the poor think about money and investment, and how a clear definition of assets, liability as well as cash flow could make huge differences in influencing ones financial decision. The author describes the differences by illustrating how his rich dad taught him how to get rich and how his poor dad, even though decently educated, was struggling to meet the end needs. The book explains that most of the time the rich acquires asset, while the poor continues buying liabilities. 

The most interesting concept that the author highlights is the importance of letting the money works for you, instead of us working hard to get money. The author states that people will not get rich by just working a 9-to -5 job. Instead, the author advises to keep the expenses low, reduce your liabilities, and diligently build a base of solid asset. Rich people buy luxuries last with income generated from investments, while the poor and middle class buy them first. 

Comments :

As a novice to the field of investment, I find the book very motivational and encouraging. Taking notes of the criticism that coming along with the book, I read it with open mind and receptive to positive suggestion. It has technically strengthened my ideas towards money and investment. The author manages to clearly point out the norm practice of the 'poor' people. Buying big cars to get the bragging right has became a lifestyle of the young generation. Well, some said that that they require the expensive car mainly due to our bad public transportation, but I beg to differ. People just make an excuse out of it.

Having said that, the book is meant for those who are looking towards fundamental of investment or want to get some rough ideas on investment rather than a how-to guide toward investment. The book doesn't explain how to buy real estates, what the criteria to look for in buying shares and stocks and neither the book properly states how to do business. Nevertheless, I would recommend the book to everyone out there as the book could shift the paradigm how to live a proper life, if we are open to change our way of life.