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Hi everyone, how are you? I hope everyone is well. I am new member here as a new member, it is my 1st book review , Today we will talk about A unique education on the path to financial freedom book review called Rich Dad Poor Dad. I hope everyone like it .Let's get started.
Have you ever wondered why the way rich people think and work is different from that of poor or middle-class people? The book "Rich Dad Poor Dad" by Robert Kiyosaki provides a great answer to this question. It is not just a financial guide, but an educational story that will change your perspective on life.
Book Summary
In the book, the author talks about two "fathers": Poor Dad, the author's father, an educated but financially struggling government official. Rich Dad, the father of the author's friend, is not highly educated, but has become rich through business acumen and investments. The difference in the thinking and economic philosophy of these two people is the basis of the main teaching of the book.
The main teaching and message is that financial education, which schools prepare us for jobs, does not teach us how to manage money. To become rich, acquiring financial knowledge is essential. For example, the difference between Assets and Liabilities is that Assets bring money into your pocket (e.g., investments, rental properties). Liabilities take money out of your pocket (e.g., car payments, credit card debt). Rich people invest in assets, while poor people increase liabilities.
Source
To make money work for you, create a source of income that does not depend on a job, which will generate income without your presence (Passive Income). Along with this, you learn to take risks so that you have to plan and take risks properly for economic growth. This will increase your experience and at one time, this risk will give you twice the return of the amount you plan.
My opinion
The book is written in simple language, it is fun to read like a story. For those who want financial freedom or want to become entrepreneurs, this is a great guide. However, you do not just have to read it, you have to apply the teachings of the book in practice. This will help you understand the aspects of financial independence.
Who can read this book, such as people who are interested in becoming entrepreneurs, readers who want to learn about investing, and those who want to leave their jobs and create an independent income path, this book will be very useful for them.
"Rich Dad Poor Dad" does not just teach you the techniques of making money, but also changes your mindset. This book can open a new horizon in your thinking and future financial decisions. And so those who have not read this book now can read it, the book will definitely teach you something. And so today I am ending my writing here, thank you all.
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