Rich dad Poor dad

By Robert T Kiyosaki

He challenge to change the attitude and the way people think about money as he was taught under two different person whom he identify as rich dad and poor dad. He has different perspective towards money and distinguishes how rich, middle class, and poor people perceive about the money. He says that, there are people who does extremely well in education and get highly qualified but fails in money management. The reason is that people have only learn to work for money instead money work for them.
He also gives the explanation why rich get richer and middle class get trapped into debt and poor getting pooper is that the subject matter of money is taught at home not in school.
He says that he had two dads, who teaches about money in completely different way although he respected both of them equally. He was equally fortunate to have two dads so the he have the choice of advice when two dads offered the choices. He mentioned the difference between them.

He also states that it’s not about how much money that the two dad earns it’s about what attitude they have regarding the money. He says that rich don’t actually work for money, working for money is a trap of fear and greed that keeps on controlling our life. Fear of losing the job and greed of buying liabilities instead of asset.
Why Teach Financial Literacy?
To clear all the misconception that middle class and poor acquire liabilities that they think that it’s an asset. Acquiring asset is the only way to let money work for us. Interestingly, he explains mechanism of who is getting rich. For example working for a company, you make business owner rich or share-holder. Making more expenditure means making government richer. We want to own liabilities, we got to avail loan in which banks are getting richer. That’s why instead of making other rich we got to be rich ourselves too through buying real estate, stocks, bonds, notes, intellectual property of the asset which will make rich.
Why not everyone is rich?
Becoming rich requires financial intelligence which is a skills and tool that can be developed by anyone. He said Accounting, Investing, Understanding markets, and the law as a skills to develop Financial intelligence.
To know more, you got to read the book
Happy Reading