How to Change Your financial Condition? Learn Tips & Tricks
"Rich Dad Poor Dad" is a personal finance book written by Robert Kiyosaki and Sharon Lechter. It was first published in 1997 and has since become one of the best-selling personal finance books of all time. The book is written in the form of a memoir and offers insights into the differences in mindset and approach to money and investing between two father figures in the author's life: his biological father (referred to as "Poor Dad") and the father of his best friend (referred to as "Rich Dad").
The book presents a number of key concepts and lessons,
including:
Assets vs. Liabilities: Kiyosaki introduces the idea of
distinguishing between assets and liabilities. He emphasizes the importance of
acquiring income-generating assets (such as real estate, stocks, and
businesses) that put money in your pocket, rather than liabilities (such as
expensive cars or houses) that take money out of your pocket.
Financial Education: The book argues that traditional
education does not provide adequate financial literacy and that individuals
need to educate themselves about money, investing, and business in order to
achieve financial success.
Importance of Entrepreneurship: Kiyosaki encourages readers
to consider entrepreneurship as a means of creating wealth, rather than solely
relying on a traditional job.
Mindset and Attitude: The book emphasizes the importance of
cultivating a positive and open-minded attitude towards money, investing, and
taking calculated risks.
Breaking the "Rat Race": Kiyosaki introduces the
concept of the "rat race," where individuals work for a paycheck and
live paycheck to paycheck, and suggests strategies for breaking free from this
cycle by generating passive income.
Investing in Yourself: The book stresses the idea of
continually investing in personal development, self-improvement, and acquiring
new skills to increase earning potential.
It's worth noting that "Rich Dad Poor Dad" has attracted both praise and criticism. While many readers have found its principles valuable and inspiring, some financial experts and educators have criticized the book for oversimplifying complex financial concepts and for promoting risky investing strategies.
To buy this book from Amazon please click on the link: Rich Dad Poor Dad in English
To buy this book from Amazon please click on the link: Rich Dad Poor Dad (Original & Complete) Hindi
Also read another self-help book like : Don't B
Comments
Post a Comment
Your comments is valuable for us, to get more information content and products revues. thanking you