Sunday, 13 April 2008

Rich Dad Poor Dad

Robert T Kiyosaki
Does school teach children for the real world?What is it the rich teach their children about money that the poor and middle class do not!

Poor Dad: The love of money is the root of all evil.
Rich Dad: The lack of money is the root of all evil.

Poor Dad: I can't afford it.
Rich Dad: How can I afford It?

Poor Dad: Rich should pay more in taxes to take care of those less fortunate.
Rich Dad: Taxes punish those who produce and reward those who don't produce.

Poor Dad: Our home is our largest investment and our greatest asset.
Rich Dad: My house is a liability and if your house is your largest investment , you are in trouble.

Poor Dad: "I'm not interested in money" or "money doesn't matter."
Rich Dad: Money is power.

I shall be telling this with a sigh
Somewhere ages and ages hence;
Two roads diverged in a wood , and I-
I took the one less traveled by,
And that has made all the difference.
Robert Frost( 1916)

Money is a form of power. But what is more powerful is financial education.The reason why people struggle financially is because they spent years in school but learned nothing about money , so they spend their lives working for money.Rich don't work for money, money works for them.

This just about sums up the first chapter of Kiyosaki's bestseller.Born and raised in Hawaii he is a fourth -generation Japanese American. Concerned about the growing gap between the have and have nots, he created the board game Cashflow.

more to come....

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