Without doubt, books are the main catalysts for change in one’s life. Here are just a few life changing books I’ve read recently. If you’re ready to live an extraordinary life, I cannot recommend them highly enough.
~oOo~
Rich Dad, Poor Dad
Robert T. Kiyosaki & Sharon L. Lechter
Robert Kiyosaki is a big name when it comes to personal finance. He has sold 26 millions of copies of this book. Over the past 14 years, he and his Rich Dad Company have published several books and created many educational products including financial education games for high school students and adults.
The number 1 lesson in the book Rich Dad Poor Dad is that the rich don’t work for money. The rich have money working for them while the poor and middle class are slaves to it. The difference is a strong financial education. A strong financial education is not hard to attain, but it does take time and dedication.
Kiyosaki writes about the two men who have been the biggest influences in his life. His father, who he calls his Poor Dad and his mentor, who he calls his Rich Dad. Rich Dad and Poor Dad were completely different men with a completely different set of values and beliefs when it came to money.
Poor Dad believed in getting a good education, finding a “safe and secure job” with great benefits, working hard and climbing the corporate ladder. Although Poor Dad reached the top levels of education with a Ph.D, he lived his ‘golden years’ on a Government pension and left his family with no assets when he passed away.
Rich Dad on the other hand dropped out of school at the age of 13. Rich Dad also greatly valued education, but not the same type of education as Poor Dad. Rich Dad believed in the education given by life. When he passed on, he had a great business empire that he left his son and millions of dollars to charity.
So why did Rich Dad end up rich and Poor Dad end up poor? Because Rich Dad knew the difference between an asset and a liability. Poor Dad worked hard for money, which would then be taken away by the government in the form of taxes and interest from his biggest investment – the family home. Rich Dad worked hard to build and acquire assets, in the form of businesses, and investments. Assets that would eventually grow by themselves without his involvement and produce a steady flow of income.
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