Rich Dad, Poor Dad Book Review - 1145 Words

Does school prepare children for the real world? Study hard and get good grades and you will find a high-paying job with great benefits, my parents used to say. Their goal in life was to provide a college education for my older sister and me, so that we would have the greatest chance for success in life. This is the introduction to the book Rich Dad Poor Dad by Robert T. Kiyosaki. This is especially true in the context of Asian countries where most of us are told to cram for exams, get good grades (top the class if possible) and jobs with fat paychecks and benefits. Though times are changing and so are people, there are some classic mindsets that we yet harbor-If my kid doesn’t get an â€Å"A† in mathematics and science how will (s)he be†¦show more content†¦The rich do not pay high taxes because they invest their money in tax saving assets and lower their taxable income by showing expenses. So, to summarize The Rich People With Corporations The People Who Work for Corporations 1. Earn 1. Earn 2. Spend 2. Pay Taxes 3. Pay Taxes 3. Spend Lesson #5 The Rich Invent Money In the real world, it is not the smart that get ahead but the bold. The author feels that financial genius requires both technical knowledge as well as courage. Rich people are often creative and take calculated risks. In this chapter Robert shows how understanding basic financial numbers can help in attaining financial success. Lesson #6 Work to Learn Dont Work for Money Most people need only to earn and master one more skill which would increase their income exponentially.Te author mentions that financial intelligence is a synergy of accounting, investing, marketing and law which when combined help making money easier. Robert’s rich dad taught him that one should not work only to earn money but to learn a little about a lot. People get trapped in endless rat races and think about paying their bills all the time.Most of us look forward to our pension after retirement which hardly serves the purpose at that time. The world is full of talented poorShow MoreRelatedBook Review Of Rich Dad Poor Dad1316 Words   |  6 PagesRich Dad Poor Dad Book Review The book is the account of a man (the storyteller and writer) who has two fathers: the first was his organic father – the poor father - and the other was the father of his youth closest companion, Mike – the rich father. The two fathers instructed the creator how to make progress however with extremely divergent methodologies. It ended up noticeably obvious to the creator which fathers approach appeared well and good. All through the book, the writer thinks about theRead MoreRich Dad Poor Dad (Book Review)1485 Words   |  6 PagesRich Dad Poor Dad by Robert T Kiyosaki * The book Rich dad poor dad is the 1# New York Times the Wall Street Journal seller. * The tag line of the book â€Å"what the rich teach their kids about money- that the poor and middle class do not!† says it all, what the entire book is about. * The book Rich Dad poor Dad tells us about the difference between what a rich dad teaches toRead MoreDrama And Themes Of Drama1111 Words   |  5 Pageswhat this movie is going to be about and expectations based on the previews prior to entering the movie theater. An additional spin on this movie, which often makes the actors and directors work more difficult, the book became popular prior to the movie being created. 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