Saturday, April 3, 2010

Rich Dad Poor Dad - Robert T. Kiyosaki

Rich Dad Poor Dad is the worst written book I have ever read (Although I have only read all harry potter and some Dan brown books before this ..).

Even for this huge drawback of the book, I enjoyed reading the book. May be because I could see a connect between the ways of business practiced by the author and the ones practiced in my family.

The whole book is about how the author and one of his friend used to take business lessons from his friend's dad (rich dad) during his childhood and how the rich dad was able to explain to these young boys the basic principles of business.


Author says that there are 6 basic lessons for being wealthy and remaining one in the ever changing world. Lessons like " Rich don't work for money .. Money works for them", sounded really shady by looking at the title but I was amazed by the simplicity of the explanations that author puts forth.

Towards the end of the book, he also talks about the skills one needs to run a business, below are the ones :

1. Accounting
2. Investing
3. Marketing
4. Law

He very simply makes the reader understand the importance of all 4 of these in running a corporation and how running a business through corporation is one of the smartest ways of building your assets.

My final comment : The book is mainly meant for people who do not have any knowledge about running businesses. This is a great book to build your morale and start off with your business but you will surely need much more knowledge than what is provided in the book to sustain it.