Sunday, November 9, 2008

Rich Dad, Poor Dad - A Review

So you are thinking of reading Rich Dad Poor Dad by Robert Kiyosaki but you are not quite sure that it is worth the read. If you are currently self-employed or in full-time employment and looking to get out of the 'rat race' then the book is well worth a read. You may be interested in building a strong asset column with the hope of someday retiring early so that you can ultimately travel the world. The trick is that you may not be able to do this in your current situation simply because if you don't show up for work you will not get paid.

So how does Rich Dad Poor Dad help with this long term dream? Well apart from changing your traditional way of thinking it opens up your world to the idea of passive income streams. This means that your money will be working for you over a long period of time so much so that one day you will no longer have to work for money anymore because your money will be working very hard for you so that you can retire early.

How long will it take? It all depends on how badly you as an individual want to generate your passive income as well as how wisely you invest what you have. In other words you don't have to be in a high paying, high flying job in order to build an asset column. In fact, you need to be smart with the money you have and pay yourself first then pay the others last. You need to ask yourself a BIG question; "What Am I Willing To Sacrifice Now In Order To Improve My Future Prospects". Of course if the answer is nothing then please stay where you are and don't read Rich Dad Poor Dad.

Does he give you the ideas and leave you hanging? Of course not! I have read many books at this stage that give lots of ideas and ways on how to retire early etc. However, Rich Dad Poor Dad is one of those books that tells you 'how he did it' and also tells you 'what else he did' to achieve his successes. You are probably wondering if he was just lucky all the way and the good think is he puts in the good, the bad and the ugly so that you can learn from his mistakes.

What do I get for this book review? Nothing! i just like helping others achieve success because the world is all about giving.