Saturday, April 17, 2010

Rich Dad Poor Dad... A must for financial novice...

One of the most amazing and enlightening book on personal finance management, I have ever come across. Robert Kiyosaki's simple writing style with a story narration will bind you to the book. The essence lies in the fact that the book never preaches anything yet by the end of every chapter you would brutally face some of the untaught realities of life.

Robert attacks the very myth of common people who teaches their child to study hard, earn good grades and then join a GOOD job with secure future. He thinks that this very psychology of getting a good secure job without knowing the money management basics pushes a person into the vicious circle of working -> earning -> working -> earning. He described this as rat race and the goal of the personal money management should be to come out of this rat race.

I recommend each one of us read this book and also instill the basics of money management to our next generation.Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not!