Rich Dad Poor Dad: What the Rich Teach Their Kids about Money That the Poor and Middle Class Do Not is a published book written by Robert T. Kiyosaki. Since it was released in the market, a lot of people have taken advantage of the insights provided in the book. This is actually a personal finance guide that tells how Kiyosaki together with his father and his best friend’s dad shaped financial ideas regarding money.
A personal-finance lecturer and author, Kiyosaki designed a unique financial perspective to help readers get a grasp of what it feels like to be out in the real world in terms of money. With the thoughts shared by his highly educated father and the multi-millionaire dad of his best friend, the book offers helpful tips in making informed financial decisions. The book was completed with the expertise of Sharon L. Lechter, a CPA and financial consultant.
Why Read the Book
By reading the book, it simply advocates the importance of financial literacy to people especially to the middle class and poor families. According to his principles, income-generating assets significantly provide better results unlike traditional jobs. It also demonstrates how assets are obtained in order to level with the income generated from getting a job. With 274 pages published by Plata Publishing on the 16th of August, 2011, Rich Dad Poor Dad is an all-time personal finances guide that people are guaranteed to take advantage of. Read More
Perhaps, you’ve come across the question of how important it is to become financially educated. Financial literacy is essential in so many ways. For instance, your life will not be complete without bank transactions since it helps you deposit and withdraw funds. You cannot survive without money because it’s the only way to acquire food, shelter, clothing, and other necessities you need.
Today, banks along with other financial institutions are overwhelming consumers with greater financial opportunities via credit cards. When you have credit, you can purchase goods without providing cash to grocery stores. However, if you’re not completely aware of how a credit card works, you will surely get into pecuniary trouble. To avoid this, you need to learn the fundamentals of finances including credit cards in order to make sure that you are taking the economical path correctly.
What Do We Mean by Financial Education
Financial education involves the management of Read More
Take accountability for your finances.
Finances was a rare subject in school, if ever taught. Other than being a hypothetical mathematic problem to solve in math class, there was little to no education on finances.
It’s no wonder majority of the people make up the poor and middle class in this country. Finance education was never a part of our public school’s curriculum. Some speculate that this is purposefully done to create such an economic class structure.
But aside from the conspiracies, what is known is that you can take control of your finances by taking accountability for it. Stop pointing your finger and blaming it on the school’s curriculum, the government, taxes, your parents, work (or lack there of), etc. Take accountability of your own finances. And I’ll tell you this: once you do, you will begin to take control of it and not have it control you!
This is Fundamental Auditing, a knowledge based resource to audit your own personal and/or business finances.
Come back here soon and we’ll have more financial knowledge for you!