? UNDER THE LAMPLIGHT-

Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money That the Poor andMiddle Class Do Nothas been a favorite among some of our readers, so we decided to explore the book ourselves. The premise of the book is that author Robert Kiyosaki observes the differences between his father — the “poor dad” — and his father’s friend — the “rich dad.” The author’s father is an academic: He’s highly educated, focused on academic success, and advocates job security and living within one’s income. However, he realized that he had no financial security. Meanwhile, his friend’s father, an entrepreneur who worked on cultivating his assets and making selective investment decisions, has financial security. This difference baffled him and from here he decided to explore why his friend’s dad had financial success. From the “rich dad” he begins to glean pearls of wisdom — all amounting to the importance of financial education. The lessons that he learns include how to drop liabilities such as debt and to focus on having assets that can generate income such as investing in businesses or in real estate. The book’s use of parables to explain how to have a healthy and positive relationship with money makes it a good read, even for those of us who dislike too much technical jargon.

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