Friday, 8 July 2016

Book Review - Rich Dad Poor Dad

Rich Dad Poor Dad

Author : Robert Kiyosaki
Genre : Self-help, Personal finance, Entrepreneurship, Investment, Economics
Publisher : Plata Publishing

Book's Epigram & My Critique:If you are seeking any advice, in Finance, Investment, Sensex, Entrepreneurship or any related topic, then the answer is, read the book ‘Rich Dad Poor Dad’ written by Robert T. Kiyosaki. All you need to do is read this from beginning till end. The author has shared his experience and valuable outcomes through nine chapters. The author has not addressed any core finance topic but given examples and experiences from his life to help us better understanding the subject. Author has introduced two father figure persons in this book, one is his own father whom he addressed as Poor Dad, a very talented and educated person who is busy with his job and every month focuses on his bills and expenses that he has to make. On the other hand one of author’s friend’s father whom he has addressed as his second Rich Dad, has a very different opinion and understanding about all this. How middle class people think about money and don’t differentiate between asset and liabilities while spending money is discussed well in the book. There is no hard and core tips that author talks about but shares his experience and sets you free to take your own decisions based on the situation you may encounter in your life.

The author defines wealth very nicely that most of us are not aware of. How can we turn the odd environment in our favor by investing on time, importance of becoming aware of our surroundings when we make any investment decisions, are well defined. With this the author has also focused on the learning and growing of our intellectual skills by reading books, attending seminars, meeting successful people, sharing own experience and knowledge with others etc.. There are so many example author has mentioned throughout the book, for example one should focus on various fields in the life rather than mastering in one, so that you have an understanding what’s going on in your surroundings whenever you get a chance to interact with. It doesn’t mean that you should master every field but have sufficient knowledge to deal with, if any situation arises.

This is first time I purchased any finance book for reading purpose and my experience was awesome. Through this book, Robert T. Kiyosaki, gives lots of learning to the beginners and illustrates multiple examples meritoriously. This book is a must read for those who are not satisfied with their conservative financial methods and want to be rich and wealthy in their life. By reading this book, they can understand the hurdles that are stopping them to achieve their wealthy destiny and fill themselves with the positivity. Finally I would like to mention few of my favorite quotes from the book –
“A person can be highly educated, professionally successful, and financially illiterate”.

“Financial Struggle is often the result of people working all their lives for someone else”.
“Job is an acronym for “Just Over Broke”.

“For most people, the reason they don’t win financially is because the pain of losing money is far greater than the joy of being rich”.
Rating : 4.5/5

Best Buy : Amazon : Rs. 299/- Paperback, Rs. 78.40/- Kindle
                   Flipkart : Rs. 190/- Paperback