Wealth is in information...The problem is that information flies
around the world at the speed of light.
"Rich Dad Poor Dad" talks about managing the financial
information. The author Robert T. Kiyosaki is very clear in his thoughts
and makes sure that he implements his principles – one of the most important
being invest in assets instead of liabilities, at any cost.
"Rich Dad Poor Dad" was a book I had my eyes on for a
long time. I finally got it on my kindle - thanks to the unlimited edition.
The author Robert T. Kiyosaki shares some of his experiences
and offers advices on managing one's financial status by changing the way we
look at our income and expenses. Robert was quite successful in explaining the
difference in the way the three most popular financial categories (Rich, Middle
Class and Poor) process their thoughts when it comes to money matters.
Pictures are best way to understand concepts and I am glad that
the author used them quite well. Robert mentions:
Cash
flow tells the story of how a person handles money. ...
Author used three diagrams
of cash flow for rich, middle class and the poor:
Abbreviations are also a wonderful way to memories things. Here
are two I can remember.
KISS
principle—Keep It Simple, Stupid (or Keep It Super Simple)
FOCUS:
Follow One Course Until Successful.
When I started with the book, I was extremely happy that I picked
it up. I loved first two chapters. Full marks to chapter 1, not so good marks
to chapter 2. But then I could see the frequent repetition. By the middle of
chapter 3, I found myself skimming through and had to remind myself again and
again to read properly.
Overall, it was a nice
onetime read and about recommending, I might do it but with my feedback.
The book is full of one
liners and quotes which might or might not be applicable to all. But at the
end, they made their way in my notes. Here is the link to them;
