Robert T. Kiyosaki : Rich Dad Poor Dad (Review)

               “It’s not how much money you make, but how much money you keep,  

                    how hard it works for you, and how many generations you keep it for.”

Everybody has a desire to earn a lot of money in their life. Even we have listened a lot that one should study hard or work very hard in life to achieve its goal or to earn handsome amount of money.

We all know or at least we have heard that work hard and earn money but what if someone says to you that let the money work for you, quite surprising? Yes, this book is all about such theories and experiences of Mr Robert Kiyosaki. If you have the appetite of earning money then this book is amazing with its extraordinary theories and explanations.

The story starts when one day Robert with his friend Mike was casting nickel from the lead to become rich. Their dream vanished when they learned that it is an illegitimate and punishable offence. Robert's dad was an educated man who taught in the school for the living saw them and asked both of them to go to Mike's dad and learn from him. Mike's father was a businessman. Robert considered his father as the poor dad because his father always refuses to give money to him but gives lectures to study hard and earn money. Robert's fathers' perspective to look for future was very different and simple than his so-called rich dad's (Mike's Father). Later Mike and Robert started working with Mike's dad to learn the lesson's of life, which eventually turned out to be blessings for both of them.

"The poor and the middle-class work for money.

The rich have money work for them."

It was the first lesson given to them which was also the gist of his teaching's. When the middle class earn money it used to spend it on their liabilities which eventually eat up all their salary and savings. But on the other hand, rich invested their money in assets that gradually grew and helped them to increase their column of income. Rich dad always insisted children to increase their assets as it would gradually help them to earn a lot and they would never get stuck into the rat race to live on salaries and limited money. Poor dad wanted his child to be educated and a knowledgeable person. On a different note rich dad emphasised on increasing the financial intelligence. Rich dad always believed that schools must teach about the money management and financial intelligence.

"It’s not how much money you make.

It’s how much money you keep."

It is very important to earn money but what is most necessary is to keep it to yourself. We have seen many fat cats getting devastated. No doubt they earned a lot but in the end, lost all of it. There could be many reasons behind it but according to rich dad, it is very important to have the correct knowledge of the difference between assets and liabilities. "A person can be highly educated, professionally successful, but financially illiterate."

"If you work for money, you give the power to your employer:

if money works for you, you keep the power and control it."

There could be different opinions about the definition of assets but according to the Robert, the real assets are Stocks, Mutual Funds and most significant the Real estate.

The book has many beautiful one-liners which motivate you to work smart, work for yourself first, invest in assets and be bold enough to take risks in life as "Only those who dare to fail greatly can ever achieve greatly."

"Great opportunities are not those seen with eyes but with the mind."

"For most people, the reason they don't win financially is that the pain of losing money is far greater than the joy of being rich."

"There is gold everywhere. Most people are not trained to see it."

After reading this book there could be various thoughts which bend you to think differently. Maybe possible one will not agree with Robert's thinking and can choose the different path but what I find very fascinating is the message to earn assets, money will follow.