Rich Dad, Poor Dad

(book review)

In the real world outside of academics, something more than just grades is
required. I have heard it called “guts,” “chutzpah,” “balls,”
“audacity,” “bravado,” “cunning,” “daring,” “tenacity” and
“brilliance.” This factor, whatever it is labeled, ultimately decides
one’s future much more than school grades.”
Robert T. Kiyosaki, Rich Dad, Poor Dad

‘Rich Dad Poor Dad’ is a book written by Robert Kiyosaki. It belongs to the business literature and in its content touches on current issues of money that all people face.

The book mainly discusses the problem of financial literacy. The author uses simple examples to try to convey to his readers the concept of money management. The main idea: to create capital and constantly increase it over the course of life. Using simple examples, the author explains why most poor people remain poor and reveals the secrets of rich people. For example, if you spend all your income for a month or a certain amount of time to accumulate funds and spend them on a new car or apartment…Robert Kiyosaki advises you not to spend money on such goods, because they are liabilities, it means that they do not bring monetary benefits, and even vice versa for their maintenance must be constantly allocated additional funds.

The author recommends investing in assets. Assets include self-education, purchase of shares, apartments, business, investments, etc. The author confirms the effectiveness of this distribution of funds by his own example, because at the time of writing he is a well-known author of business literature and manages a company that buys real estate on the balance of which about 100 buildings for rent.

Pluses: This book is quite simple and quick to read, but the whole meaning laid down by the author cannot be understood immediately. It is a bestseller among business literature because it conveys in a simple form what is not taught at schools and universities. The book is a good option for those who are just beginning to get acquainted with business literature, as most of the mentioned examples can be implemented the day after reading and feel the effect.

Minuses: Not everyone will be able to read this book to the end, even the author himself says at the end. It touches on the negative qualities that are so inherent in a modern man, so not all readers are able to accept criticism. In addition, it is almost impossible to grasp the full meaning of what was written during the initial reading, personally I had to re-read the selected points in the book several more times and after a while find confirmation of what was written in the examples around.

My rating: 4.5 / 5

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