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Rich Dad Poor Dad By Robert Kiyosaki

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oliver villegas By oliver villegas on
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Rich Dad Poor Dad: What the Rich Teach Their Kids About Money, that the Poor and Middle Class Do Not! by Robert Kiyosaki is one of the must-read books regarding money, financial education, and getting rich!

Robert Kiyosaki had two 'fathers'. One was a professional, PhD, but remained poor and left debts to be paid, while the other didn't finish school, became rich, and left a sum of wealth to charities and to his family. Robert Kiyosaki opens us up to the world of the rich, and the world of the poor, and shows that it is not money that makes someone rich, it is one's mindset.

Money matters are something that is not taught in universities or schools. Poor parents teach their children what they know about money, so in turn, these children are poorly educated in terms of finance.

One of his most important lessons are to buy assets instead of liabilities, and that most people don't know how to distinguish between assets and liabilities. Assets are simply those that can bring you money. If it can't do that, then it's a liability. This is one of the most powerful messages that needs to be put in ones mind to become rich. This may sound easy, but in real life, this is very hard to follow and one needs a tremendous amount of discipline.

Another that Robert considers as very important is to give Tithes. That is, when you need something, give it. Give to your church, to orphanages, charity institutions. The return will be very great, it will give you the energy and a strong sense of purpose and accomplishment. You'll need this, as the road to being rich is not an easy one.

Being rich does not mean becoming evil. Poor Dad puts it this way: money is the source of all evil. Rich Dad, on the other hand, says that the lack of money is the root of all evil.

I highly recommend that you read this book, at least twice. I've read it, and also have an audiobook version that I play on my free time. This is a powerful influence. I suggest you let your teenagers read it too.

After having read this book, I realized a lot of my mistakes in the past, and now I know how not to make them. I now know how to have the proper mindset and discipline towards money, and am doing my best on the road to becoming rich.