Having a financial Literacy is one of the prime thing to have in current times. I never had the proper concept of assets and liability in a way to understand how they were the source of my financial stability. Until I read this Book Rich Dad Poor Dad by Robert Kiyosaki. Although I would say that I should have read this book , that way I wouldn’t have made the mistakes which I did while making financial decisions. This book won’t exactly give you tricks and techniques to make money. But it will definitely help you widen your perspective, give you an overview of how and where to start and also where you might be going wrong.
Rich Dad Poor Dad by Robert Kiyosaki Review
Genre : Personal Finance Non-Fiction
It reads like a personal finance book which basically challenges you to change the way you think about money. It starts with the early fictitious story of Robert Kiyosaki who is influenced by two people – His Real father and the Rich Dad (His friend’s father). While his real dad was well educated yet financially very weak, the rich dad was a millionaire even after being a drop out from school. The book talks about the financial decisions taken by both dads and how each’s positives and negatives influenced Robert to run his own business ventures.
The best part about this book is that it tries to teach you about the importance of financial literacy which usually the poor and middle class people lack. It will inspire you to break the shackles created by the programmed way of thinking by schools, family and friends. Also motivating you to learn and explore the financial opportunities and risks that populate our practical world.
The not so positive part of the book is that some of the advice given in the book is inaccurate. At times it is downright wrong. Robert’s opinion that higher education is not worth pursuing is a misleading thought. There is a repetition of ideas as the book progresses with same mention of liabilities and assets. This dries out the readers’ interest as one progresses.
It’s a kind of book which you can re- read many times. And every time you read the book, you will have a better take on things. You will definitely not get deep insights but it will definitely give you a direction in which to move.
Recommended For :
Rich Dad Poor Dad by Robert Kiyosaki is recommended for Teenagers and young Adults. And probably anybody who is planning to take any financial decision. Or even someone who just want to learn the basics of investment.
About the Author :
Robert Kiyosaki is an American author and a business man. He is the author of a New York best seller Rich Dad Poor Dad which is an all time guide to personal finance. He is the founder of the Rich Dad Company. It provides financial consulting and education to people via videos and books. Robert has authored 26 books till date whose combined sale is more than 26 Mn worldwide.
Pros
- > Financial Insights are helpful
- > Motivating Writing
- > Easy to understand simple concept of finance
Cons
- > Lack of Detailed Insights
- > Unrealistic approach to personal finance at times
