This is the book I’ve been reading since quite some time. Though I finished reading the book way back and also wrote this review in advance but I couldn’t post it lately. Some of you might notice that I haven’t been blogging for quite a long period; there was a major technical hitch and as much as I wanted to, I couldn’t do anything but helplessly wait for my website developer guy to resolve it. Okay now enough of background story, let’s come to the review now 🙂 I’ll keep it crisp and to the point
Like many other books, I’ve been wanting to read this book since quite long as the introduction(of the book) and the topic interests me quite a lot. The first few pages/sections are quite confusing as the author speaks about having two dads, one rich one poor. So that got me really confusing but thankfully the confusion is cleared out quite soon – which I shouldn’t say much about cause then this article would turn into a summary of the book. Basically the book is about money making; which is one topic that really interests me to read/know about. But I strictly don’t like articles that talk about quick money or unrealistic ways of earning a lot of money. And this book is real deal for me cause this book certainly doesn’t talk about quick money. Instead it talks about how you can create a stable(even increasing) earning/cashflow through smart work and planning.
The first few chapters are very enticing for anybody to read, though you have to hold on to your patience to discover some golden rules of money making. One of the fundamentals of increasing income is smart moves with hard work and understanding the actual difference between an asset and a liability – which is very well described in the book in a utilitarian way. Basic but most important concepts described in this book include-
- How the absence of financial education creates very poorly managed finances of the working people.
- Most importantly, how to plan finances in advance and use our assets and money for earning more money.
But I would like to project out only a small demerit about this book. Some of the concepts are already being inculcated in Indian youths by their families; for an example we are not motivated to use our credit cards excessively and spending only what we can afford.
Conclusion: a very important read for anybody who wants to manage their finances in the easiest and efficient way possible. Also the lucid language of the author Robert T Kiyosaki makes this book an easy read for anyone!