By Pallavi Dani:
Wouldn’t it be great if someone told how to get rich just by following some basic steps? Robert T. Kiyosaki has done just that. In his book “Rich Dad, Poor Dad”, co-authored by Sharon L. Lechter, he reveals the secrets of the rich, except that there are no secrets. What he made us realise are the things that we have always known but did not grasp the importance of. The theme of the book revolves around its tag line “What the rich teach their kids about money – that the poor and middle class do not!”
As the story goes, the author talks about his two Dads- his biological father, whom he calls his Poor Dad, is very well educated and draws a good salary, and his friend Mike’s father, whom he calls his Rich Dad, is a businessman who runs his own show. Whereas his Poor Dad is always worried about paying off taxes and loans even after earning a regular income, his Rich Dad is able to lead a comfortable life by paying himself first. The author shares the teachings of his Rich Dad and the effect they had on his life. He strongly recommends having a sound financial knowledge if you really want to become rich which is definitely a small price, considering the huge returns on it. The book attacks the established beliefs in our society that consider money as the root of all evils. The credibility of this book lies in author’s personal experiences which are presented to the reader to help them form their own opinions.
Unlike any financial book, this book does not deal with boring statistics or concepts but relates with finance in our daily lives. For a person like me who has hardly ever been interested in reading about finance and economics before, this book came as a refreshing change and had me really interested in learning more about the financial world. His simple yet influential writing will make it hard to put the book down. So instead of following what our parents have always advised us-‘Go to school and get a job’, read this book, broaden your knowledge and form your own conclusion.