"Rich dad poor dad." By Robert T. Kiyosaki. This is the best book to read if you want to become rich. Not only rich... It'll also help you in other things you are interested in. It'll teach you how and where to invest your money.

[BEST THAT I'VE EVER READ]

Description

Product description

Written by Robert Kiyosaki and Sharon Lechter in 1997, Rich Dad Poor Dad is based mostly on Kiyosaki's young days spent in Hawaii. Enriched by Kiyosaki’s personal experience and the teachings he received from his rich dad and poor dad, the book highlights different attitudes towards money, work and life.

Framed around six main teachings and lessons, the book is mostly a self-reflection. Apart from the financial benefits, the book also describes and highlights the teachings he got from his poor dad, i.e., empathy and responsibility towards society.

Described as a personal finance book, it has not only challenged, but has also changed the way people think about money. The book talks about Kiyosaki’s background, his business ventures and investments and variation between possessions and liabilities and what importance they both have in terms of starting and owning a business. It also sheds light on the teachings given by rich to their kids, which is usually missed by poor as well as the middle class parents and why it is important to have financial literacy over and above all.

It also provides impetus on doing work for learning and not for earning and teaches the importance of investing and building business. This path-breaking book also showcase how one must be prepared to take action and risk and communicates the idea of how one’s primary residence is a liability and not an asset. It communicates the importance of intelligence and literacy in terms of finance and how financial and entrepreneurial skills play a vital role in the success. How to use power and prosper with the help of investment skills and why it is important to possess investment skills are also written in clear and crisp words in this book.

The book also talks of the importance of investment and free enterprise and urges the prospective investors and businessmen to learn from others, especially from rich people and generate new ideas to excel and succeed in life.

Originally published in 1997, it was also selected commercially. Termed as New York-Times bestseller, the book has been a boon for management and financial aspirants.

About the Authors

A successful American businessman, motivational speaker, radio personality and self-help author, Robert T. Kiyosaki wears many hats. A well-known writer who can inspire readers with his words, his book Rich Dad Poor Dad advocates the importance of financial independence and is arguably based on his own life.

Review

Personal-finance author and lecturer Robert Kiyosaki developed his unique economic perspective through exposure to a pair of disparate influences: his own highly educated but fiscally unstable father, and the multimillionaire eighth-grade dropout father of his closest friend. The lifelong monetary problems experienced by his "poor dad" (whose weekly paychecks, while respectable, were never quite sufficient to meet family needs) pounded home the counterpoint communicated by his "rich dad" (that "the poor and the middle class work for money," but "the rich have money work for them"). Taking that message to heart, Kiyosaki was able to retire at 47. Rich Dad, Poor Dad, written with consultant and CPA Sharon L. Lechter, lays out his the philosophy behind his relationship with money. Although Kiyosaki can take a frustratingly long time to make his points, his book nonetheless compellingly advocates for the type of "financial literacy" that's never taught in schools. Based on the principle that income-generating assets always provide healthier bottom-line results than even the best of traditional jobs, it explains how those assets might be acquired so that the jobs can eventually be shed. --Howard Rothman

About the Author

About the Author: Robert T. Kiyosaki is an American investor, businessman, self-help author, motivational speaker, financial activist and financial commentator. Kiyosaki is the bestselling author of the Rich Dad Poor Dad series of motivational books and several other publications published under the Rich Dad brand. Having written over 15 books, with combined sales of over 26 million copies, he also has a blog and maintains a monthly column on Yahoo Finance. He writes about his latest thoughts on global economics, investing, business, world financial markets and personal finance on Yahoo.

[Source Amazon]