A BOOK THAT CHANGED MY THINKING

 I am very glad to share with you about the book that completely changed my thinking towards money. And, because of this book I pursue commerce for my further studies.

This book is like a heaven for those who wants to control their financial future. Each and every word written in this book reflects what rich teach their child that poor or middle class don’t. In other words, this book serve us the financial knowledge because of which a rich get richer and a poor get poorer.

Now, you must be so curious to know the name of this book. So, it is none other than “Rich Dad and Poor Dad” written by ‘Robert T. Kiyosaki’. Robert himself didn’t belong to a wealthier background his father had a Ph.D. and was a professor of the well known university yet they struggle financially due to lack of financial knowledge. Financial literacy is not that how much money you make but it’s how much money you save.

On the other hand he has a friend named Mike and Mike has a father who never completed his eighth grade but soon become the richest man of Hawaii. Whom he called as rich dad and the poor dad is the author’s dad himself. Unfortunately, the poor dad is not yet poor or the rich dad is not yet rich. But, both have different perception towards money.  

Once author asked his father, "dad how can I become rich” his father said, “ Well son stay in school take good grades and find a safe and secure job”. Unlike his poor dad his rich dad always say,” stay in school take good grades so that you can buy a good company”.

So to really become rich Robert join his rich dad. Rich dad make a strong financial foundation for both Mike and Robert. He taught them many lessons one of them is one should know the difference between an asset and a liability and buy assets. This may sound simple but this is all you need to know . Most people struggle financially because they do not know, what actually an asset and a liability is! An asset is what puts money in the pocket and a liability is what puts money out of the pocket. 

Rich people acquire assets , poor and middle class acquire liabilities that they think are assets . Both dads worked hard but they both have different attitude , poor dad said ,"the reason I am not rich is I have you kids " whereas rich dad said ,"the reason I must be rich is I have you kids ". when it comes to money one said," played safe and don't take risk" , the other said," learn to manage risks." One said "I can't afford it" , the other said, "how can I afford it?" And this makes all the differences . 

Last but not the least , I would like to say just read this book and apply these lessons in your life . And, if you want to know how wealthier you are just stop working and watch how many days you would survive this will absolutely tell you how rich you are!

So, let me finish this by the quotation ,

The poor and middle class work for money,

The rich have money work for them.