A guide to leading a rich life!!!

Just yesterday I completed a book called 'Rich dad poor dad' written by Robert Kiyosaki. Well, it's a non-fiction book which throws light on the importance of financial literacy, growing your own business and how to be different from the crowd. So, read the full articles to know more about this book.

Introduction:

'Rich dad poor dad' is a book written by Robert Kiyosaki in 1997. Till now, more than 32 million copies have been sold in almost 53 languages and across mote than 109 countries. It has also been a New York Times bestseller for more than 6 years. So, it's evident from these proofs that this is one of the most famous books of all time.

Main ideas:

The book is about Robert Kiyosaki's two dads- the real one (poor dad) and his best friend Mike's dad (rich dad). Although both his parents are really hard-working and emphasize on the importance of education, the rich dad often talks about how financial literacy is important and that only hardwork is not enough to be rich. We time and again encounter Robert comparing his two dads in this book, the difference in their perspectives and how they look at life. One parent has taught him to excel in his studies to get a good job and earn a decent amount of salary while the other parent spoke about using his education in building his own empire and give others jobs. One parent always worked for money while other one focused on how to make money work for him. Robert tells us that he was blessed in his life to have two dads and exploring two different perspectives. 

The book is divided into ten chapters focusing on how to be rich and what are the key points to be kept in mind to start your own business. There are in total six lessons in this book as mentioned below:

• The rich don't work for money.
• Why teach financial literacy?
• Mind your own business.
• The history and the power of corporation.
• The rich invent money.
• Work to learn, don't work for money.

The book also pinpoints the obstacles that come in our way of getting successful. They are given below:

• Fear.
• Cynicism.
• Laziness.
• Bad habits.
• Arrogance.

It throws light on the difference between assets and liabilities by giving numerous examples. It also tells us that if you want to be rich, focus on building your asset column and keep your liabilities as low as possible.

The author also compares the poor and the middle class with the rat stuck in a rat trap. They are helplessly trapped in a cycle of needing more but never able to satisfy the need of their wealth because of the lack of financial literacy.

My thoughts:

Although, this book is a handy guide to become rich, at some point it really becomes boring due to repetitive tips and ideas. Also, you might find it boring if you are a fiction lover or have just started reading books. Therefore, I would not recommend this book to beginners. 

So what's the essence? Well, you should only read this book if you are really serious about starting your own business and can take all level of risks to achieve your goals. Another important note, this is not a motivational book. It has nothing to do with how you feel about yourself or how to be confident. So, unless you are looking for any business ideas, you better don't give it a try!!!

Any suggestions??? You are free to give them in a comment box below. Meanwhile, you can also share it with your friends if you like this article!!!