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Friday, June 12, 2009

"Rich Dad Poor Dad" By Robert Kiyosaki


After nurturing different categories of novels and books, I was looking for some new taste when i came across this book. Because it was the time to improve my so called "Financial literacy".

The book is largely based on Kiyosaki's upbringing and education in Hawaii, although the degree of fictionalization in his anecdotes is disputed. Because of the heavy use of allegory, some readers believe that Kiyosaki created the Rich Dad character as an author surrogate (a literary device), discussed further in the criticism section below. The book highlights the different attitudes to money, work and life of these two men, and how they in turn influenced key decisions in Kiyosaki's life.

Among some of the book's topics are:

  • the value of financial intelligence
  • that corporations spend first, then pay taxes, while individuals must pay taxes first
  • that corporations are artificial entities that anyone can use, but the poor usually don't know how
This is an excellent book overall, because you will be 100% convinced after reading it and will also start to think about your financial world.

This book was a boom for me and hope it will be the same for you as well
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