Rich Dad Poor Dad and Rich Dad’s Prophecy

Written on 3:23 AM by Tushar

Does this book need any introduction? I don’t know why I did not read it for so long. Better late than never!

Pretty much everyone I deal with in day to day life knows how to earn money; there are a few who know how to manage it and then there are a precious few who know how to manage it effectively! The people in the last category are commonly known as ‘RICH’!People usually take all matters related to their careers seriously, work really hard to get a promotion or a salary increment yet are completely ignorant and are at the mercy of someone else when it comes to taxes, investment and long term decisions related to financial matters. After going through these two books I have realized the importance of having a good financial IQ and how to work towards improving it.

In Rich dad poor dad Robert Kiyosaki touches upon following principles.

• The rich don’t work for money
• The importance of financial literacy
• Minding Your own business
• Taxes and corporations
• The rich invent money
• The need to work to learn and not to work for money

Even though the book is a pleasure to read and does not take infinitely long to finish here’s a summary for the fast-food generation.

In ‘Rich dad’s prophecy’ he predicts a stock market crash in near future (2016) and also discusses 401K and other retirement plans along the way. Even there is not even a remote connection between his predictions about the stock market crash and the current economic recession it gave me a good insight into things I was looking around for an advice.

As a side note this was the first time that I tried audio books and I am completely mesmerized by this phenomenon! This is perfect for someone like me who cannot get enough of reading and is always trying to get more done in the available time. I finished these two books in less than a week and that too while doing activities like driving and washing dishes :) I am hungry for more and will encourage you to try out one!

Posted in book review

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