I know this book has been out for quite some time but its still one of those books Im glad I read. The true story is that of a two childhood friends who grow up in the same neighborhood. The father of the first child is a very educated engineer and the father of the other child has his HS Diploma. Now the surprise is that the father whom does not have a formal education is the wealthier of the two fathers. The children then go on a journey to figure out the unintuitive. How could the less educated father be far richer/wealthier then the formally educated and well repute d father?! The the wealthier father shows them how he became so successful and teaches them his own thought pattern and mentality.
A wealth of information is in this book. Some examples that resonated with me were:
- Project Managers love to brag about how many people work underneath them, while good businessmen on the contrary take great pride in having less people underneath them.Thus meaning they have setup a better business model.
- Giving up is a sure way of failing. Persistence and sheer will can get you far.
- Basic accounting is needed to be able to balance income, expenses,assets, and liabilities
- Education is the greatest wealth you can own because its an investment in yourself. The author says he will listen and talk to as many people as he can to learn about things that make them successful.
These are only a few I remember off the of my head. I'm sure I can think of many more. Kiyosaki puts a wealth of information in this book and its definitely worth a glance. Its an easy read since it combines light wittiness with practical information. Its definitely one of my top picks.
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