Rich Dad, Poor Dad
Rich Dad, Poor Dad- by Robert Kiyosaki
As the title suggests, this book provides a very profound contrast between the mentalities of rich and middle class parents when it comes to imparting financial knowledge to their posterity. This book goes further on to represent how the concept of finance holds great importance in times like these. It seems imperative that such elemental sense of dealing with money matters be inculcated in the minds of their children from nascence. Undoubtedly, the approach adopted by rich parents will differ from that of the middle class (or poor) ones. This is akin to various other facets of life, where Nurture overcomes Nature and causes individual differences to occur. The writer himself had the opportunity of living through a childhood which was influenced by two father figures- his own father, a well-educated middle class teacher with a Ph.D and the father of his childhood friend Mike, who wasn't as well read.
Both men were successful in their careers and worked hard all their lives. Both earned substantial incomes. Yet one always struggled financially. The other came to be one of the richest men in Hawaii and died leaving tens of millions of dollars for his family, charities, and his church. While the other left endless bills to be paid. This book advocates the importance of financial literacy and throws light on common financial blunders made by young people.
The author further guides the readers through important financial issues like loans, taxes, and how to get started with a business venture. The author being a self-made millionaire himself puts a credible front with this excellent book, mentoring young geniuses around the globe and ushering them into the World of Finance.
~By Aditya Hegde, FYBSc
As the title suggests, this book provides a very profound contrast between the mentalities of rich and middle class parents when it comes to imparting financial knowledge to their posterity. This book goes further on to represent how the concept of finance holds great importance in times like these. It seems imperative that such elemental sense of dealing with money matters be inculcated in the minds of their children from nascence. Undoubtedly, the approach adopted by rich parents will differ from that of the middle class (or poor) ones. This is akin to various other facets of life, where Nurture overcomes Nature and causes individual differences to occur. The writer himself had the opportunity of living through a childhood which was influenced by two father figures- his own father, a well-educated middle class teacher with a Ph.D and the father of his childhood friend Mike, who wasn't as well read.
Both men were successful in their careers and worked hard all their lives. Both earned substantial incomes. Yet one always struggled financially. The other came to be one of the richest men in Hawaii and died leaving tens of millions of dollars for his family, charities, and his church. While the other left endless bills to be paid. This book advocates the importance of financial literacy and throws light on common financial blunders made by young people.
The author further guides the readers through important financial issues like loans, taxes, and how to get started with a business venture. The author being a self-made millionaire himself puts a credible front with this excellent book, mentoring young geniuses around the globe and ushering them into the World of Finance.
~By Aditya Hegde, FYBSc
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