This is a book review of rich dad for the benefit of entrepreneurs and it should make interesting reading. There are some books that you will read and it will just change all the fundamental beliefs that you hold about life. Rich Dad, Poor Dad is one of those revolutionary books that tend to shatter the belief that formal education is the key to a successful life.
The book is a personal narrative of a man’s experience with his two dads and what they taught him about wealth. His biological dad – the poor dad, was highly educated, had top government employment and was poor. His other dad – the rich dad, has very little education, was never employed by the government, and was very wealthy.
The difference between these two men and the principal theme of
this book lies in one word – financial education.
And this is what makes Rich Dad, Poor Dad to be a very valuable,
and equally controversial, book. Its chapters form an important manual for
financial education which is an indispensable tool for anyone who really
desires to become wealthy.
The book was written by Robert T. Kiyosaki, Starting with chapter one titled “Rich Dad, Poor Dad”, the author starts by giving comparisons between his biological, poor dad and the father of his friend, Mike, the rich dad. The two boys learn a very important lesson on how to escape the ‘Rat Race’ when they are paid only three cents for three hours of work at one of Rich Dad’s grocery stores. When the boys start complaining about the poor pay, Rich Dad then offers to give them a raise with the agreement that they will learn the lessons from him.
Chapter two book review of rich dad, “The Rich Don’t Work for
Money,” talks about those who are playing it too safe and avoid taking risks,
or they are too busy working to secure their jobs that they miss out on
opportunities, these people usually end up poor. Only those who take these
risks and identify opportunities are able to turn it into riches. Chapter three
“Why Teach Financial Literacy,” shows the importance of knowing the difference
between assets and liabilities and how the proper application of this knowledge
can lead to wealth, while chapter four “Mind Your Own Business,” teaches on how
to become your own boss by focusing on building assets.
Chapter five of the rich dad poor dad book - “The History of
Taxes and the Power of Corporations” shows how the poor are manipulated by the
system, while the rich leverage on the system. Chapter six “The rich invent
money,” gives examples of how self-doubt can deprive you of riches, instead,
being “bold and adventurous” helps put some people ahead.
In chapter seven “Work to Learn, Don’t Work for Money”, the
author shows why it is important to keep learning new skills as some people
might be “one skill away from great wealth.” Chapter eight “Overcoming
Obstacles” makes a list of five personality traits that prevent growth, these
are fear, cynicism, laziness, bad habits, arrogance. Instead of dwelling on
these limitations, the author advises that you ask; “What’s in it for me?” and
focus on achieving it.
Chapter nine - the book review of rich dad “Getting Started”
gives helpful nuggets on how to acquire and grow personal wealth. Chapter ten
“Still want more? Here are some to do’s” still builds on the nuggets given from
the previous chapter, getting fresh ideas, keep learning and making money with
little or no capital.
The summary book review of rich dad, advocates for people to own the business instead of working for a business. Financial literacy is paramount in trying to build personal wealth and escape the ‘Rat Race,’ and this book just helps to guidance on acquiring this knowledge that will set on a path to financial freedom.
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As a man thinketh written by James Allen: As an entrepreneur the thoughts you have each day matter, and it goes a long way to determine your success or failure. I believe that reading this book will put your attitude on the right path to success.
Cashflow quadrant book is written by Robert T. Kiyosaki and narrated by Tim Wheeler and for the duration of 8 hours 50 minutes. It provides a simplistic and visual map on how you can go from the “left side of the quadrant” where you are involved in earning to survive to the “right side of the quadrant” where you generate income that ultimately gives you financial freedom.
The richest man in Babylon book was written by George S. Clason and narrated by Denis Waitley and it’s for a duration of 2 hours 45 minutes. Most times we often wish there was a rule book to help guide us through some tough decisions that we have to make in life, from relationships, health, and money.
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