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| Rich Dad, Poor Dad by Rober T. Kiyosaki |
Rich Dad, Poor Dad
A bestseller in the field of entrepreneurship and business books. This is probably the best book to learn why entrepreneurship can change your whole life.
Robert Kiyosaki shares his story of success which can also be a parable to all aspiring entrepreneurs. Employment can give you benefits, a good salary and also job security but the problem is you would be stuck in the "rat race" your whole life.
According to the book, being in the "rat race" makes you live the same cycle over and over again: Study hard, get good grades and look for a good job. This may have been effective in the old days, but now everything's fast-paced and if we don't catch up, we lose everything.
This is the reason why you should be an entrepreneur. Instead of inflation affecting your expenses, owning a business adjusts to inflation. Instead of paying taxes from your salary, business tax could cost you less. Instead of working hard and earning active income, work less and earn passive income.
About the Author
Robert Kiyosaki is a genius and a great teacher to those who want to be an entrepreneur. A lot of successful entrepreneurs got out of the "rat race" because of him. You will learn a lot on how to make your fortune building up your asset column through passive income assets such as royalties, rent from real estate, businesses, stocks and bonds etc.
He also explains why it is not wise to invest more in your liabilities such as your home, car and other luxuries. He is a really good teacher and advocate of entrepreneurship. His books are written in a way that anyone could understand and easily apply the lessons he teaches.
I, myself, have learned a lot in reading his books. As an entrepreneur, I believe that listening to the advice of successful entrepreneurs will be a factor in succeeding. Let's not be employees forever, trapped in the "rat race" where our income increases as much as our expenses do. Learn more on how to be an entrepreneur and increase your financial IQ with Robert Kiyosaki's books.
Consider these as investments and I guarantee you that success would follow. You have nothing to lose, grab your copy as soon as possible. This is a book that every entrepreneur needs to read!
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Terms and definitions
Rat race - A cycle where most of the poor and middle class are stuck in. Study hard, get good grades and look for a good job.
Inflation - An increase in the prices of products and services due to more money circulating in the system.
Assets - Things that put money in your pocket.
Liabilities - Things that put money out of your pocket.
Financial IQ - Knowledge and capability of reading and creating financial statements. Also understanding how money works.
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