Is it worth to read: Rich Dad Poor Dad?

When you want to learn about personal finance Rich Dad Poor Dad is a book that will pop up in your journey. It’s the best seller book written by Robert Kiyosaki. The question today is: Is it worth to read this book?

Where are you in your journey of personal finance?

Is this your first book to read about finance? Or have you already learned a lot from other books? How do you organize your budget? Do you have a budget? Do you have money to spend?

The first lessons you have to learn is finance! It may be not the most excited thing to do but necassary! You can earn 10 000 € but when you spend it all you’ll never have money.

It’s not how much money you make. It’s how much money you keep.

This is why you have to learn! Investing in learning is your first asset. Money can come and go but when you have the knowlegde you can start again every day! You will get up again and learned a new lesson.

If you remember this lesson the book is already worth reading

Why should you read Rich Dad Poor Dad?

In school we learn that a diploma is the most important thing in your life. When you have that you can get a job, buy a house and have kids. When you have that, you have security. It’s not necessary to take any risk. You have a happy life. But is that true? You probably work for your house, car , vacations and all the other things the neigbors have.

What if you are willing to take a risk? You want to work for it? It’s doesn’t matter if you fall? You will get up! How can you get your own passive income?

This is when the title becomes clear. The father of Kiyosaki was a professor and his poor dad. Why? Because he was like the most people : the safe way of life is the best way. When you have paid for everything your have a good life.

The father of his friend is his rich dad. He learned Kiyosaki to think on a different level. The rich don’t work for money. They even don’t work from 9 to 5. They work because they love what they do. And when it’s possible they let other people work for them.

When you love what you do and you’re getting pleasure out of it, it will not feel as work. But don’t quit your job! Learn on the go.

Now you can go back to the quote. How much money can you keep?

In the book he’ll explane the difference between a liabilitie and an asset. What is an asset? How can you let your assets work for you? How further your assets will grow, how more you can leave the rat race. You can build a passive income and enjoy life. Kiyosaki says it like this:

Financial aptitude is what you do with the money once you make it, how you keep people from taking it from you, how to keep it longer, and how you make money work hard for you