RichDad PoorDad is new York times best selling book. This is a Personal Finance Book & the author Robert Kiyosaki explains personal finance in very simple and easy to understand language.
This is my favourite Personal Finance Book. However, many authors don’t agree with the philosophy of Robert. The Book says that, if you want to be rich in future than you have to start building Assets & grow your Asset Column of the financial statement from today.
A Business is an Asset & starting a Business means creating your own Asset in the Asset Column of the Financial Statement. Many Financial planners & Personal Finance Gurus say that, it is extremely risky. while Robert says that, being Financially uneducated is risky.
According to the book, if you want to be ultra-rich than you MUST have to create Assets that millions of people want to buy or want a part of it.
It means that if you want to be Ultra-rich than you have to CREATE Investments rather than investing in someone else’s Business. So How anyone can create investments? Well, by developing a successful business and taking that business to the public. Once your business will be listed publically, millions of people, mutual funds & investors want to invest in your business by buying stocks of your Business.
According to Robert, what Middle class people do is, they invest in some mutual funds or divert their money to some professional financial advisor and all of them divert their money ultimately to the wall street. Instead of that, why not start your own business, taking it to public and create investments?
The book is all around the idea of – Growing your Asset Column by acquiring assets, converting something into assets and creating assets (Businesses).
Many people around this world say that, if they had read this book 20 years before than they would be much more richer than today. So RichDad PoorDad is a motivational book for those who want to start their own business.
In fact, this book is all about changing your Middle Class mindset. Rich people are rich because they have rich mindset.
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