Friday, June 28, 2019

"Rich Dad, Poor Dad" by Robert Kyosaki with Sharon Lechter CPA

This is such a fun book on finances.  Robert discuss how he had two dads growing up--a rich dad and a poor dad.  His poor dad was his biological father, while his rich dad was his childhood friend's father.  Robert's poor dad wasn't destitute...he just wasn't wealthy.  Robert's poor dad worked for money.  Robert's rich dad let money work for him.  There is much discussion about cash flow, taxes, assets, and liabilities.  A good portion of the book is also allocated to lifestyle and discussing how many people with high-paying jobs squander it all on "toys" that depreciate over time.  From reading this book, I've gotten a newfound inspiration to educate myself on finances.  I want to invest more in the stock market, the real estate market, and more.  Robert encourages readers to use their minds and learn financial literacy.  Most people are poor not because they are not smart.  Most people are poor because they are financially illiterate.