Advantages Work for Learning... !!!
Disadvantages Knowledge is power only when it is applied !!!
What the Rich teach their kids about Money that the Poor and Middle Class do Not !!!How I came across this book
This book was recommended to me by one of my friend who had read this book.
He had his Poor father and his thinking and thanks to his friend's dad who was rich and he got the chance to learn how to think like a Rich Man and how a rich man thinks.
YOU DON'T KNOW WHAT YOU DON'T KNOW !!!
Robert starts off with the beautiful poem of Robert Frost… The Road Not Taken. This is so true in our life. The road you take and travel makes a loads of difference. Come to think of it, you are what you wanted to be.Some of the points which you will get out of the book.
1. The Rich don't work for Money, Money works for the Rich.
2. Its only the Poor and the Middle Class who work for the Money.
3. What's the difference between an Expenditure and an Investment
4. Cash Flow Pattern of an Asset vs Liability
5. Why the rich get richer and why the middle class struggle
6. The Rich with Corporations
b. Spend and then
c. Pay Taxes
Whereas the People who work for the Corporations
b. Pay Taxes
What you get out of the book
a. To inspire people to learn more
b. To let the people know it is easy if the foundation is strong
c. To show that anyone can achieve great wealth
d. To show that there are millions of ways to achieve your goals
e. To show that its not rocket science.
I have read this book several times and each time I read this book, I keep getting new points. I heave learnt one thing after reading this book, we all have 24 hours and some people become rich by using those 24 hours whereas others struggle. The only difference is that some people think differently and put them in action. So to get into the mindset of these millionaires we have to start thinking like them and putting our ideas into Action.This book talks about how people make money honestly and legally around the world. Robert has classified them into 4 quadrants
1. Job (Just Over Broke !!!
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Subtitled 'Rich Dad's Guide to Financial Freedom', this book is about choosing new options, new directions and a new financial future.
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