Everyone in this world want to earn money but no one is admitting it. even they say, "Iam not intrested in money." Why not? Ofcourse I want money. Not as greedy person but to fullfill my dreams and to live the way I want.
As this with very fascinating name Rich Dad and Poor Dad, create a schema in our mind that his rich dad may have given some sceret to earn money or may be somthing else. I am not here to discuss that. I want to share my experience with this book.
I heard about this book from various sources and thought that I should read this book but I had'nt started that time due to lack of interest in earning passive money. One day I was watching social media and suddenly a video of Robert T. Kiyosaki came out, in which he was talking about his Rich dad who had just given him a path to learn, no shortcut. Then suddenly something change in my mind and at that moment I decided to read this book . Being a science stream student we dont go with fantasy ,we always want facts and logic behind everything and I felt some logic in this.
Finally I started the reading and found a connection with it, because in india maximum people are from middle class and I am also from middle class family with dad who always says study hard in school to a get decent job. I have learnt many thing from my dad which I appreciate and want to say thanks for making me so thoughtful person.
what I found in this story is that a 9 year boy with CURIOSITY, which it is very important for any kid in their development. This kid bullied by other rich boys so he also wanted to become a rich . His father had not supressed his thinking ,which i found very interesting ( People can share their idea but can't force to follow him). It was his father's idea to talk with Rich Dad(his friend's father).
here the conflit of two thought process started, so in this book he is talking about our thought process ,our perspective towards situations.
Like: The LOVE of Money is the root of all evil.
or
The LACK of money is the root of all evil
I can't afford it.
or
How can i afford it?
The reson I'm not rich is because I have you kids.
or
The reson I'm rich is because I have you kids.
My House is my biggest ASSET.
or
My House is my biggest LIABILITY.
Study hard so you can find good company to WORK.
or
Study hard so you can find good company to BUY.
Don't Take risk. Play it safe.
or
Learn to manage risk
These conflicting thoughts make you think more and study more to take right dicisions. Which made him to a good thinker .
It is true that parents never talk about the money , how it runs in market, business, society and when we start our earning then they talk about saving by cutting down expenses. Which make us frustrating because we don't know how to handle money.
I experienced that we studied hard and finished our gradutation with excellent marks but with no knowlegde of managing money and we work for money.
Rich Dad : I don't work for money, Money works for me.
This book talks about mindset, becomeing rich and poor is just a mind game. First fetch your mind with good knowlege about every thing.
Rich Dad: We should know a little about a lot.
I learnd that the poor and middle class work for money, they do hard work to make rich others.
The rich have money work for them, they mind their business.
Rich Dad: mind your business.
I learned that in your life ,if any thing, you want ,you need a passion,(it applys for money also). But always a fear (fear to lose, fear to face situation) which stop you and make you weak. It is a big obstacle .If you want anything in your life first leave your fear and greed It makes people weak and coward.
"True learning takes energy, passion and a burning desire"
Passion= Anger+Love
"People want to play it safe and feel secure so Passion does not direct them,fear does."
I learned honesty is key to success, yeah we have read this many times, but we never understand this in depth or completly, it means be honest with your feeling, tell truth to yourself, admit to yourself. What is your weakness, what is your strength, your phobia, your passion,your anger,your love.
Rich Dad : Emotion = Energy in Motion
I learned that whatever you are doing in your life, Either you are professor, in private/government job,or even house manager, you should know about FINANCE, STOCK, SHARE, BUSINESS and you must know the difference between an ASSET and a LIABILITY. It is not irrelevant to you , it is very important for you and everyone, initially I also used to think like that, but after reading this I realized and understand the importance of the knowledge of finance. Poor/middle class pay taxes by which government runs all thing, and business in all other country and in our country, influence our taxes, prices ,everything. We are part of it, but still we are ignoring it, why?
"We are Taxed when we Earn,
We are Taxed when we Spend,
We are Taxed when we Save,
We are Taxed when we Die."
It developed a interest in me, for finance .
It has taught me various things in a simple way like asset,liabilities.
It has taught me to manage money,
It has taught me to study hard to know about everything.
It has taught me meaning of phrase -"Mind Your Business"
It has taught me to study-Accounting,investing,market,law.
It has taught me you must be focused not balanced.
Balanced people go nowhere.
They stay in one place.To make progress,you must first go unbalanced.
Now I know why I want to be a rich and how I can be. There is no shortcut. you have to study and work hard.Open your mind and observe things to grab opportunity, kill your greed and fear.
I personally want that everyone read this book.
Thankyou
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