SHORT BOOK CLUB: RICH DAD POOR DAD

Rich Dad Poor Dad is how to use money as a tool for wealth development. Book explains why your residence,car or any kind of luxury may not really be an asset. It describes the real difference between an asset and a liability, and much more.

We learnt that stay financially healthy by investing as much of your money as possible in assets rather then spending your all your money on your luxury.

I also come to know the difference that employees who work for somebody else spend their money post-tax, while business owners earn and spend before paying tax.

To develop your financial genius understand the power of choice and choose daily what to do, including choosing the right habits and educating yourself. Think bigger to get richer, because small thinkers don’t get the big breaks.

professional success is no longer solely linked to academic success, as it once was. Because students leave school without financial skills, millions of educated people pursue their profession successfully, but later find themselves struggling financially. They work harder, but don’t get ahead. What is missing from their education is not how to make money, but how to spend money.