Dan Gakinya Mwaura

I have decided to share with you the book I enjoyed most reading and how the experience was. Without further ado, let me take you straight to the book titled “RICH DAD POOR DAD” by Robert Kiyosaki and what it talks about. The author of the book narrates about a man who was quite fortunate to have two dads, the real dad and the non-biological dad. He further continues to contrast on principles and advice given by each dad however, the author would make his own decision. His non biological RICH dad happened to be his best friend’s real dad. He was illiterate yet, he owned big companies and many employees working under his farm. On the other hand, his biological dad was literate and graduated from a higher learning institution, was employed by the government and earned a high monthly salary yet he was POOR. The author and his friend grew up getting knowledge from their parents. A time came and the rich dad decided to employ the two after they asked him to do so, on condition that he would pay them very little amount for much labour. They agreed but as time went on they started to complain the money was less and couldn’t cater for all their expenses. The RICH dad refused to give in to their request and gave them an option of quitting. The POOR dad on the other hand earned much salary yet could not get rich because he was highly taxed as well. At this point I understood why RICH dad paid the author and his friend little amount as he knew the more a person earns, the more he/she gets taxed by the government. Just to summarize the book, let me share with you few contrasts I grasped from the author as illustrated in his book. It is about the rich parents’ thoughts compared to the poor parents' thoughts. 1.       The rich teach their kids how to write best business and financial plans for job creation while the poor teach their kids how to write impressive resumes and cover letters for finding good jobs. 2.       The rich encourage their kids to study as well as to learn and understand how money works for them while the poor encourages their kids to study hard and become professionals, attorneys or accountants. 3.       The rich say "money is power" while the poor say they aren’t interested in money yet they lie. 4.       The rich create investments while the poor struggle to save few dollars. 5.       The rich believe in total financial self-reliance while the poor believe in the government chipping in to take care of them and their needs. 6.       The rich consider a home as a liability while the poor consider a home as an asset. 7.       The rich learn to manage risks while the poor don’t take risks when it comes to money but rather tend to play it safe. 8.        The rich believe they have to be wealthier because they have kids while the poor believe they aren’t rich because they have kids. Conclusion Let money work for you…