Is Rich Dad Poor Dad will inspire a Poor Dad to become a Rich Dad?
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The traditional story
In today's time that we are experiencing a financial crisis, how important it is to manage our finances? How do you manage your finances? How do you deal with it? Well, in every aspect of our daily lives, we need to understand the value of financial intelligence.
I remember the story of the two men on Rich Dad Poor Dad by Robert Kiyosaki. If we all had been the Rich Dad in the story, do you think we may not be suffering the financial crisis now in the country? Rich Dad Poor Dad advocates financial independence through investing, real estate, owning businesses, and the use of finance protection tactics. But how come many have suffered the loss in investing their money? Maybe John T. Reed is right when he said that “Rich Dad, Poor Dad contains much wrong advice, much bad advice, some dangerous advice, and virtually no good advice. ”
But whatever that could maybe, the most important is that we are secured when it comes to our finances. The only person that could save you from financial trouble is yourself. You have to ask yourself, “Do I spend more than I earn?” or “What can I afford to spend?” In the book, the author Robert Kiyosaki stresses the promotion of owning the system or means of production rather than being an employee of someone else. It is practically true but there are some things you should consider. It may not apply to all individuals. Still the option goes back to every individual.
So will a Poor Dad be inspired by the Rich Dad? Well he should be. But my personal advise, don't follow the Rich Dad in the story. He became rich even though he quit school. But not all who quits became successful. So education is still somewhat important. It is true that having a business on your own is better than being an employee of someone else. Making money for your own self is more satisfying than making money for someone else. But what if you won't succeed? Won't you say that I would have been better if you worked for someone? You will still receive a salary even at the worst of your employer.
Which option you may choose, setting your financial goal is important. It is part of investing success, even though you may find some goals in conflict with others and in conflict with your lifestyle. When you set investing goals, you establish not only an end, but also a time frame for the investment.
The Rich Dad Poor Dad Books
Rich Dad Poor Dad for Teens: The Secrets About Money - That You Don't Learn in School!
In this book of Rich Dad Poor Dad, Robert Kiyosaki targeted the teens in his attempt to promote his philosophy. Most of the time teens are not aware of their finances. Through this book, teens are encouraged to be creative in developing ways to earn cash and to limit spending. Teens will be attracted and encouraged by the notion of playing games to learn more about acquiring assets and managing money.
Rich Dad, Poor Dad: What the Rich Teach Their Kids about Money-- that the Poor and Middle Class Do Not!
In this version, the author, argues that a good education and a secure job are not guarantees for financial success, and describes six guidelines for making money work for everyone.
Buy Robert Kiyosaki's books on Amazon
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Rich Dad's Conspiracy of the Rich: The 8 New Rules of Money
Price: $7.15
List Price: $12.99 |
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The Real Book of Real Estate: Real Experts. Real Stories. Real Life.
Price: $11.53
List Price: $19.95 |
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Cashflow Quadrant: Rich Dad's Guide to Financial Freedom
Price: $6.50
List Price: $17.95 |
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Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and the Middle Class Do Not!
Price: $2.98
List Price: $4.95 |
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DrFinny says:
13 months ago
I keep hearing about that book. Sooner or later I am going to have to check it out. I like very much that individuals are made responsible for their own situations. Something I address in one of my own Hubs: http://hubpages.com/hub/Is-Being-Poor-a-Choice