Thursday, January 15, 2009

Rich Dad Poor Dad by Robert T. Kiyosaki

This book was a very exiting book to read! If you feel like there is no way out of the day to day 9-5 job then think again. That's exactly what this book discusses. The author calls it the rat race. So maybe you're thinking that this book will give you the magic spell you've been waiting for, well think again. It does tell you how you can get out of the rat race and into the fast track, but it's going to take some eduction. The author calls it financial IQ. In order to increase your financial IQ you will have to invest time and possibly some money into it. That doesn't necessarily mean go back to college, but instead commit to educating yourself by reading, asking the experts, and gaining experience.

This book will challenge your basic way of thinking about things. Like the myth that your house is an asset and other ways of thinking that are uncommon. If you want to know how the rich get rich then this is your book.

The coolest idea in this book for me was the idea of passive income, turning money into more money. One of the ways the author mentions in this book to create passive income is to invest in real estate. Think about it, if you have a renter in a house you are renting out, theoretically you are making money in your sleep. So get out of the rat race and get this book! For more info and books by the author Robert T. Kiyosaki
go to http://www.richdad.com/.

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