Wednesday, October 18, 2006

Rich Dad, Poor Dad

Go to school, get good grades, get into college, get a job with a big company, climb the ladder.  This is the advise that most parents give their children.  This is the advise that Robert Kiyosaki will never give you. 

This book is about money.  It is about making it, keeping it, and, most of all, learning about it.  This book will make you reevaluate your financial situation and likely the actions that you have taken to get you there.  It isn't a sell everything, work six jobs, ride a skateboard to work, and live in a cardboard box strategy that Kiyosaki is suggesting but an active learning approach.  He wants you to learn about money and to save money.  If you wait till all your bills are paid to start saving it might be too late. 

Kiyosaki also suggest working your money.  Don't just sit on it in a savings account or CDs, but put it to work so you are getting a return on that money.  Kiyosaki suggests that big risks are not so big if you are educated about the products and companies that you invest.  He states that most people are so caught up in the rat race that they fear losing money, and that this fear keeps them from making money.

This was a great eye opening book.  It should light a fire under the reader to get active about their money and education.  Kiyosaki makes the book easy to read and easy to understand.  If something is important he hammers it home several times.  In fact, that is one of the only flaws of the book; it repeats important parts to the point of annoyance sometimes.   I would recommend this book to anyone, but especially those about to embark on the rat race of life or about to start investing.

1 comment:

Jody said...

I had to fight my husband to open up a savings account. He hates saving. We'll be living like this our whole lives. Just watch.