Excerpts..Rich dad Poor dad

Hello.

Here, you will find some of the excerpts from the book Rich Dad Poor Dad which I found very informative and inspiring. You can also use them as quotations and if you haven't read my blog reviewing this bestseller, just check it out here.

 Rich dad Poor dad...Is it worth the hype?

• "The single most powerful asset we all have is our mind. If it is trained well, it can create enormous wealth".
• " Illiteracy, both in words and numbers, is the foundation of financial struggle."
• "Cash flow tells the story of how a person handles money."                                              
• "The fear of being different prevents most people from seeking new ways to solve their problems."   

                                                                                                                                                 

• "Financial struggle is often directly the result of people working all their lives for someone else."
• "To become financially secure, a person needs to mind their own business. By this, the author means that building and keeping your asset column strong. Once a dollar goes into it, never let it come out."
• "This world is full of talented poor people."

• "Financial intelligence is simply having more options."
• "Simple math and common sense are all you need to do well financially".                     
• "The world is always handling you opportunities of a lifetime, every day of your life, but all too often we fail to see them." 

• "Great opportunities are not seen with your eyes. They are seen with your mind."
• "Education is more valuable than money in the long run."
• The primary difference between a rich person and poor person is how they manage fear." Some other reasons are-- Cynicism, Laziness, Arrogance, Bad habits.                   
• "For most people, the reason they don't win financially is because the pain of loosing money is far greater than the joy of being rich."
• Failure inspires winners. Failure defeats losers."                                                                                                                                                                                                             

• "Real estate is a powerful investment tool for anyone seeking financial independence or freedom."
• The most common form laziness is staying busy."
• "A reason or a purpose is a combination of 'wants' and 'don't wants'".
• "Most people simply buy investments rather than first investing in learning about investing."
• "The rich know that savings are only used to create more money, not to pay bills."                                                                                                                                                                                                                                                                                       Thanks you so much for reading these excerpts. I hope you are loving my work. I have added some more features. Now, you can easily download images and share them as well.                    

Rich Dad Poor Dad....... Is it worth the hype?

Rich Dad Poor Dad  emphasizes the importance of financial knowledge in one's life. Most of the people work hard and focus on earning more and more money but they have no idea regarding investments and their expenditure. That's where the problem arises. The author has highlighted it in his own style, saying--
                      "  A person can be highly educated, professionally successful and financially illiterate. "




This book is about the author Robert Kiyosaki and his two dads-- His best friend's father (Rich dad) and his real father (Poor dad), the way  his two dads shaped his thoughts regarding money and investment. Most of his financial knowledge was taught to him by his rich dad. Poor dad tells him "I can't afford it" while the rich dad teaches him "How i can afford it" , thus reflecting their mindsets as those of rich and poor.

People specially middle class section should know the differences between assets and liabilities. Most of the middle class section buy liabilities thinking it to be an asset and thus gets trapped in the rat race. This has been beautifully explained in such a simplified way giving facts and examples that even a layman can easily relate to it.

Robert Kiyosaki sees one thing common in all of us including himself. We all have tremendous potential, yet the one thing that holds all of us back is some degree of self-doubt. Often in the real world, its not the smart who gets ahead but the bold.

Author's observatory skills are something that is worth notable. His appealing one-liners which he writes every now and then, just pumps you up. It created a deep impact on me when he said -to understand a person,  observe them closely when they play any kind of game. As,
               "Games reflect behavior. They are instant feedback systems."

However, i would also like to mention that several statements were repeated thus making it monotonous at times. Most of the statements have been mentioned in the previous chapters already.
You will be excited a lot during the initial chapters but that excitement gets faded, as the book proceeds further through the chapters. Most of the greatest advises were in the last chapters of the book. So all I can say is , the author has saved his best for the last.    

I  think that I have covered most of the points . This book is full of gyans (Indian way of saying knowledge). It will open new dimensions within you. Thus, it will make you more aware dealing with financial problems. I would say that this is a kind of book which you should, must read at least once.

Some eye catching one liners from the book are--

• "There is gold everywhere. Most of the people are not trained to see it."
• "To be truly rich, we need to be able to give as well as to receive."
• "People lives are forever controlled by two emotions: fear and greed."

These were some of the impactful lines. I would be writing more of them in the next blog which you can use as a quotation. I hope you are loving my work and i would love to hear your suggestions regarding the next book which i should review.