Day: August 9, 2021

Rich dad poor dad : review

Book Review


Name of the Book: Rich Dad Poor Dad
Name of the Author: Robert Kiyosaki
Publisher: Plata Publishing; Second edition (11 April 2017)
Language: English
Originally published: 1997
Pages: 336
Genres: Personal finance, Economics, Non-fiction

About Robert Kiyosaki
Robert Kiyosaki is an American businessman who founded Rich Global LLC and the Rich Dad Company. The latter focuses on private financial education through the mediums of books, videos, and speeches. He is also the author of over 26 books, including this book.
Introduction
Rich Dad Poor Dad has been called the number one personal finance book of all time. Robert Kiyosaki illustrates the mindsets and beliefs that define those who become wealthy. He contrasts these mindsets with those who are poor. In this book, Robert’s example of a poor man was his dad, while the rich man was Robert’s financial mentor. Robert’s father was a genius, while his mentor didn’t even finish eighth grade. The only meaningful difference was their mindset.
Summary
Education & two perspective
In this book Kiyosaki believes that an individuals attitude towards money and their tendency to be richer or poorer can be traced back to the education they receive at home. Parents are responsible for teaching the fundamentals of finances as it’s not something that schools focus on. Kiyosaki explains that this education at home is the driver behind the rich getting richer, the poor getting poorer and the middle class continues to struggle with constant debt. He believes that the considerable debt that countries face is a result of politicians and government officials having very little education on money, yet being in a position of power.
Robert Kiyosaki emphasizes six key points through out the book. These points — which differentiate between his “poor” dad (his real dad) and the “rich” dad that helped him understand business and become wealthy — are:
The rich don’t work for money
The importance of financial literacy
Minding your own business
Taxes and corporations
The rich invent money
The need to work to learn and not to work for money
Good Points in this Book
Flawed Educational System
As Robert mentions many times in the book, our traditional educational system is flawed. Our education system is designed primarily to create employees and could be a negative influence for an entrepreneur. As Kiyosaki mentions, he’s not suggesting that people skip higher education; he’s suggesting higher education does not assist with “street smarts.” Financial literacy is something that is rarely discussed in school, and if it is discussed, it is only at basic levels. Based upon my personal background, I’ve made this a personal focus and will make sure my children are well educated in this subject.
Strong Points:
The original idea of the book Rich Dad,Poor Dad, and also the extremely effective presentation of educational financial concepts are not as simple as they seem.
An incredibly motivating book inspired by the personal experience of the author, who is himself a millionaire,
Weak Points:
A certain lack of detail in some areas mentioned by the author is regrettable.
As he says himself, his books are motivational tools, not books by a financial expert.
Why I chose this book
This book teaches us many important lessons which apply in our daily life. In this book Robert describes how you can get started in your journey towards financial education and wealth which was not included in any bookbook in easy language.
My Learning from this book
I learned many important things from this book that is:

  • Choose your friends carefully: Don’t choose your friends based on how much money they have. That said, you should be careful about being around cynics or people who don’t like talking about money. They will rub off on you. Do your best to learn from people who support you, teach you, and make you a better person.
  • Pay yourself first: If you don’t do this, you’ll find nothing left to pay yourself. This is an essential shift in mentality.
  • Assets buy luxuries: Don’t buy a luxury until you have created an asset that pays for it.
  • Teach, and you shall receive: The more you teach people, the more you will learn.
  • Look for new ideas: Read books on different subjects and learn from them.
  • Be willing to learn: Learn every skill you can. Never assume you are already knowledgeable enough on a topic.
  • Learn from history: Study successful people from the past and emulate them.
  • Action always beats inaction: If you are not sure what to do, you should just do it. Imperfect action is better than perfect inaction
  • Conclusion- Rich Dad, Poor Dad is an extraordinary book, in the literal sense. I cannot fully express how much this book transformed my vision of money and most especially my perception of wealth. Before I read this book part of me was convinced that all “rich people” were born that way. That you needed to have money to get rich and that the only solution was to join the rat race, although that is not what I called it at the time. Nowadays, I am firmly convinced that you can learn how to become rich and that financial freedom is a realistic goal if you move towards it methodically and patiently.
  • The poor and the middle class work for money. The rich have money work for them.Fear is what keeps people in jobs that they don’t enjoy. Assets and liabilities are different. Assets generate money whereas liabilities suck up your money.A rich man’s perspective is that your income is a direct result of your assets, not your job. Therefore you need to commit to investing in the right assets.
    In order to be rich, you need to have a decent financial IQ. This is made up of considerable knowledge in accounting, investing, understanding markets, and the law. Rich people “groom” their children so that they can have a complete understanding of business operations and how the family manage their finances. Management skills that should be taught include managing cash flow, managing systems and managing other people.
    Reference
    Rich Dad Poor Dad Book by Robert Kiyosaki

Hygiene

Hygiene is the science of rules of healthy living. Food hygiene is very important for healthy living because most of the diseases and disease producing germs are transmitted through food. The food may be contaminated at any stage during its journey from the producer to the consumer. It is contaminated during handling, distribution and serving. Hence hygiene refers to hygiene in the production, handling, distribution and serving of all foods. Each and every item of the food should be maintained under hygiene condition. Thus there are milk hygiene, meat hygiene, fish hygiene, fruit hygiene, vegetable hygiene, personal hygiene, etc.

Milk Hygiene

Milk is a suitable medium for most of the disease producing germs. Hence it is an efficient vehicle for many disease producing germs. It is contaminated by three main agents. They are:

The dairy animal. The human. The environment comprising contaminated vessels, polluted water, flies, dust, etc. The important diseases which are transmitted through milk are as follows:

Typhoid and paratyphoid fevers. Tuberculosis. Diptheria. Salmonellosis and streptococcal infections.

The milk hygiene is maintained by the following methods:

The dairy animal should be maintained clean and healthy. The udder should be washed and cleaned before and after milking. The dairy house should be sanitary. The vessels must be sterile and kept closed. Water used must be free from bacteria. Milkers must be free from contagious diseases. Milkers must wash their hands properly before milking. Milk should be stored at 50°F after milking. This will prevent bacterial growth.

Meat Hygiene

Meat includes a variety of edible animal tissues. The common diseases transmitted through meat are tape worm infestations and bacterial infections. Meat Hygiene is maintained by 1. Meat inspection and 2. Hygiene slaughter houses.

1. Meat Inspection:

The slaughtering animals should be subjected to proper antemortem and postmortem inspection. The unhealthy infected and pregnant animals should be eliminated.

2.Slaughter House:

The places where edible animals are killed are called slaughter houses. The hygiene of slaughter houses is very important to prevent contamination of meat. The slaughter house should satisfy the following conditions:

1. It should be located away from residential places. 2. Floors and walls should be easy to clean. 3. Provision for antemortem and postmortem inspection. 4. Provision for adequate and continuous water supply. 5. Other animals should not be allowed. 6. Meat should be stored in fly-proof and rat-proof rooms.

Fish Hygiene

Fish loses its freshness or deteriorates because of autolysis after death. The deterioration of fish is due to the infection of bacteria. The stale fish should be condemned. The signs of good fish are:

1. Stiffness or rigor mortis. 2. Gills are bright red and 3. The eyes are clear and prominent.

Hygiene of Fruits and Vegetables

Fruits and vegetables should be properly washed before they are used.

Personal Hygiene

1.The food handlers should be thoroughly examined medically and physically at the time of appointment.2. Hands should be properly washed and cleaned before handling food. 3. Finger nails should be trimmed and free from diet. 4. Head coverings should be provided, especially in the case of women to prevent loose hairs entrance into foodstuffs. 5. Coughing and sneezing should be avoided near the food. 6. Licking the fingers before picking up a food is prevented. 7. Smoking is avoided.

House

 House is a place where we spend most of our life .House provide us shelter, the food where we eat most, sleep . 

In today’s world ,Getting a good house is a dream for most guys due to high rates, poverty 

House provide us a way to enjoy, to achieve dreams by spending our most indispensable time there

Happiness

 Happiness is something which everybody wants whether it is teenager or old guy 

It is something which every person wants in life 

Happiness can be achieved by doing work 

It is something which is not hard to get

forest

 Forest is a place for animals ,birds,insects to live better than others ..

Forest is also liked by many people as it is calm ,quiet, and people love to spend time here 

People love to see animal, birds and want to enjoy nature beauty 

Indian food

 Indian food is a food  which is not only a food but gives other health benefit also 

It helps to gain strength, energy, metabolism 

Indian food is a great love for all Indians and also for foreign living people here