I read this during my spare time. This is the first book that I read that is from Robert Kiyosaki. Yes, I heard about him before but i never really when out to buy the book until i saw a 50% discount on it :D
After reading this book, I realized that what is written in the book is really the same experiences & mental thoughts that I encountered during my working life. (I was a slacker at university, hence those are my wasted years) I believed that clever leveraging is one of the key to financial success especially when you started from zero to become something in life. There is a lot of types of leverages as indicated in the book. The key idea of the book is that one must always equipped oneself with KNOWLEDGE to achieve financial success in a early life. (Hence the title of my blog: KNOWTHYMONEY)You don't want to work hard all you life and only reached financial freedom when you are old and weak. (you basically cannot enjoy your fruit of labor)
The book mainly talked about Robert's foray into property investing, business building, stock market and options as wealth generator (not really applicable to Malaysia context as we cannot buy put options or write/sell options)
This book is a good book for beginners that wants to achieve financial freedom in their life. I feel that a lot of the younger generations out there are either too dependent on their parents even after graduating from university or just plain ignorance about financial planning & wealth building.
So my rating for the book is 8/10.
Yes, it is good especially for fresh grad to have some basic fundamental on personal finance. :)
I think his most famous book is the "rich dad and poor dad" and I read this many years ago. Probably you can consider to read that too.
Anyway, books just book. We can read many books as we like but put into practical is another story.
That is true. Practical and theoretical is 2 different thing.
Hence, i am looking for opportunities to have some side business so to lessen dependency on engineering. :D
I guess I am too long in the industry, hence i realized the need to do ventures even prior to reading this book.
Yup..i saw that there is alot of spin-offs based off the original book title."rich dad and poor dad".
There even something like "rich brother , rich sister (his sister is a buddhist nun based on the book cover)". Maybe he is running out of ideas? :D
Wow, rich brother/sister! Hahaha... Perhaps rich boy friend & rich girl friend. :)
Perhaps another topic will be "How To Find Rich Boyfriend/Girlfriend and convert it to Rich Husband/Wife" :D