Wednesday, March 11, 2009

Review on Rich Dad, poor Dad

So you ask, what is so special about this book?

All I can say for myself after reading this book is that it was an inspiration, something that really shook me up.

The book got my adrenaline pumping, couldn’t wait each day to continue reading it, not that I never heard about it, I just couldn’t be bothered to read it like most of you, but my reading habits changed that day, I truly understood the true meaning of knowledge.

This book gives you an insight about someone that tries to break the barrier, the cycle, getting out of the rat-race, a rat-race is a race that you can never win in, and that’s the race that most of us are in.

It makes you think outside the box, I’m not saying if you read the book, you are entitled to wake up from your slumbers straight away or become the smartest person right away, but it does give you an insight of being caught up in the rat-race, what it takes to break the barrier.

It makes you see things from different perspectives. It acts as a stepping stone into the world of freedom and self-actualisation, breaking you free from the chains of limitation.

But, as much as I like this book, there are some points which I totally disagree with, that’s why we all have to make up our minds, the books we all read are beliefs, opinions of different individuals, trying to give us an alternative, an option, the opportunity to see things from their point of view, the same thing I am trying to achieve here, but at the end of the day, you will have to make your conclusion.

Back to the book, He includes many vague stories about buying real estate properties for cheap with little or no money down and flipping them for great profits.

Don’t for one second; believe that because you read a good book, or you woke up inspired, with your adrenaline pumping, it makes everything easier, or you can just read a book and become rich the next month, it takes more than that.

Education is a good thing, and you have to just see if education is for you or not.

You need to work for your money before it works for you; even though he makes it sound way easy to become a millionaire.

I’d recommend this book as an excellent way to challenge your thinking about work and money,

Even though most of his points he points across, comes out vague, what do you suppose he say, he needs to make everything look easy so that we all can buy his books, but at the end of the day, the book does inspires us in some way and at the end of the day, we did buy his book, even though it was criticised or loved.

I wouldn’t advise people that want to learn about finances to read the book, or think deeply into it, not saying that when he says things like you should buy assets, not liabilities. Assets, such as real estate (especially real estate), stocks, and bonds, make you money. Liabilities, such as your house, car, gadgets, take away your money is useless, but look elsewhere for advices on financial literacy

What do you think of the book; let me know your views?

Till next time

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