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Rich Dad Poor Dad

What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not!
By Robert Kiyosaki

Rich Dad Poor Dad, by Robert Kiyosaki is a ground breaking book about how middle class people think about money, finance, and wealth. The main message of the book is how the poor and middle class work for their money while wealthly people let money work for them. It describes the importance of changing your poor or middle class mindset from being an employee to a business owner. Rich Dad Poor Dad tells the story of how Robert's real dad was a respectable beaurcrat with a stable job and an upper middle class paycheck. His 'Rich Dad' was actually his closest friend's father who was a school dropout and multi-millionaire real estate investor and business owner.

You will never get rich working for someone else unless you are at the top of the social strata, i.e. a Harvard MBA capable of becoming a fortune 500 CEO. Something which very few people can acheive. It is much better to focus on becoming an entrepenuer and accumulating income producing real estate.

Rich Dad defines wealth as the point where your passive income exceeds all of your living expenses. This is the point where the 'ball starts rolling' and you can focus all of your free time on increasing your wealth or enjoying your life.

Most americans spend their life accumluating 'stuff' and drowning in consumer credit and become trapped in the rat race.

Most people believe that their home is their biggest investment while it is really their biggest liability. Anything that takes money out of your pocket each month is a liability while anything that puts money into your pocket each month is an asset. Learn how to accumulate assets that create cash flow streams to your. If you've ever rented you'll know that your landlord had a cash flow stream from your to him or her.

Rich Dad Poor Dad is truely a mind changing book that I would recommend as a must read for everyone. Don't let life take you in just any direction. Take action and control your own destiny. Realize that money is just a way to keep score

It contains so much information that seems like common sense that most people refuse to see or believe.

The bottom line is don't work hard, work smart. Constantly educate yourself with financial knowledge and make conscious decisions to accumulate assets instead of liabilities.

Rich Dad Poor Dad will change the way you think about your life and how you view wealth and money. It strikes your with such resounding common sense that you'll wonder why this book isn't required reading for gradeschool children.

You can't realy on a stable job to take care of your when you're old. Pensions and 401K retirement plans are industrial age ideas.

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