Summary:
The narrator grows up having two dads. His biological father was the poor dad and his step father, mike, and was his best friend growing up and he was like a father to him but he was the rich one. Both fathers taught the author how to achieve success but with very disparate approaches. It became evident to the author which father's approach made more financial sense. Throughout the book, the author compares both fathers, their principles, ideas, financial practices, and degree of drive and how his real father, the poor and struggling but highly educated man, paled against his rich dad in terms of asset building and business insight. The author compares his poor dad to those people who are perpetually scampering in the Rat Race, helplessly trapped in a vicious cycle of needing more but never able to satisfy their dreams for wealth because of one glaring lack which is financial literacy. They spend so much time in school learning about the problems of the world, but have not acquired any valuable lessons about money, simply because it is never taught in school. His rich dad, by contrast, represents the independently wealthy core of society who deliberately takes advantage of the power of corporations and their personal knowledge of tax and accounting which they use to their advantage.
Review:
I really liked this book because is showed that the most useful knowledge i believe you should have is finance knowledge. Knowing how to invest in the stock market and save your money is one thing that can help you live a comfortable life.
Quote:
"A true luxury is a reward for investing in and developing a real asset." Robert KiyosakiI chose this quote becaus e it is saying that a true luxury is having success in investing your money. If you invest your money wisely then you can earn money to help you through life.
Tuesday, January 20, 2009
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