Sunday, November 21, 2010

Rich Dad Poor Dad by Robert Kiyosaki

 
Aha! That is right! Wow, That is so true!

This is what I went on thinking and even saying out loud when reading 'Rich Dad Poor Dad'. And, I am very sure, most of you would have similar expressions! Robert Kiyosaki has said all about finances, cash flow, income, balance sheets, saving, wealth, rich, investments and a lot more - and said it simple enough for any one - I repeat, any one to understand. The narration goes on like a story but all the while only explaining facts and nothing else.

Is your house an asset or a liability ? Robert says if you do not have the assets to pay for the monthly EMIs and you need to pay for it from your monthly salary, it might as well be a liability and not an asset because that is an expense for which you have to stay in the 'rat race'.

Robert also talks about 'Mind Your Business'.What do you think is the main business of McDonalds ? Is it hamburgers ? Ray Kroc, the founder of McDonalds, says his main business is real estate. To understand how this works, it is better to read it in Ray Kroc's words in 'Rich Dad Poor Dad' book.

Robert Kiyosaki and his friend Mike learned all this from the age of 9. So, read the book, understand it and teach what it says to the young young ones as well.

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