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Rich Dad Poor Dad
Oct 29, 2017 09:55 PM 2990 Views (via Android App)
(Updated Oct 30, 2017 12:49 AM)

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Little Robert and his friend Mike were not like the other kids at school. From a young age, they were curious about getting rich and making money. Robert's dad was a teacher, but he had no idea how to become rich. It was obvious since he was in debt for years now. Every time Robert asks him, he responds the same way: Study hard son and become a doctor.The two kids then went asking Mike's father since he was rich and Rich dad promised to reveal his wealth secrets, but only if the young boys work at his shop for very little money. Let's see what they have learned so far working there.These two keywords are the basics for getting rich: Assets and liabilities. A liability is anything that takes money out of your pocket and an asset is something that puts money in your pocket.Liabilities are like a car. It requires fuel four times a week or something like a rented house. Assets are like businesses, real estates, stocks.The rich invest in assets, the poor class goes directly to the expenses column and the middle class oh wait . don't worry I hear you saying but I am not one of those poor guys you're talking about, I am a doctor, I am a teacher. guess what? If you are a teacher and you considered the house as your biggest asset.then you are probably among those guys .you can look rich with your big mansion, your kids are attending the most expensive college .but intrinsically you are drowning in debt waiting for your loan to get paid to start traveling in your sixties. The middle class then: invest in liabilities.that they think they are assets.Poor dad told Robert to get a Ph.D. and become a doctor, pays half of his wages to the government. The government takes it's share from your paychecks before you even see it. the teachers think that more money will solve their debt problems so they Riot for a raise.if teachers get their raise, the doctor wants some part of the cake too, so they raise health care fees, making it affordable for everybody. Because doctors raised their rates, the attorneys want to raise their rates too. and the cycle goes on and on. This is what the Rich dad calls: The rat race.So if you want to get rich, invest in real assets, keep expenses down, invest the maximum you get from your day job paychecks in assets. If you can increase your monthly cash flow from assets to the point that exceeds your expenses.That's the time when you're ready .to get out of the rat race.People are poor because they want to work for money. They want a job so they can feel secure. Getting rich is not about working for money, it's about learning .how to make money.work for you.Well, it's obvious the poor and the middle class stays in the rat race because it's comfortable and predictable. People want to maximize value and minimize efforts, that; s why they don't want to think for themselves. The rich however think on their own and make money. The rich get richer and the poor get poorer. Most people go to college for four years and their education ends say rich dad learning how to make money work for you .is a lifetime education.


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Rich Dad, Poor Dad - Robert T. Kiyosaki
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