rich dad poor dad by robert kiyosaki

I read this book in two days and I would say one word “ fantastic “

If you want to become rich , you need to use this as a Bible . I recommend you guys to read this book once in 6 months again so that you can be strong in the concepts this man has articulated

Considering that we all live in different parts of the world so the economy and demand value of the asserts will change accordingly. , There are some universal rules for the financial behavior to become rich , which are very beautifully articulated by the author. 

There are few take away's from this

1. Start early once you know the goal so that even if you make a mistake and get crashed , you can get relieved from the pain and start again . The more experience you get when you are young , the better it is
2. Once you get a juicy check , don't spend it in luxury , invest in income generating assert and then with the paycheck you get from your assert , you can buy your luxury item
3. This is a continuation of 2nd point , poor and middle class spend money on luxury , at the starting . Rich people spend money on luxury at the last
4. If you want to become rich , it is not about how much you make , it is about how much you keep and where you spend
5. To be a good buisness man / women , you should take sales courses and marketing courses . Even if your product is kick-ass , if you don't know how to sell , you won't be a good buisness person
6. If you are starting something really new and your paycheck is like horse shit , it's ok . Be there to learn and get expertise . Gain more knowledge and get your skills polished
7. If you want to be a good entrepreneur , and you are in a good concern , just don't warm the same seat. Keep shifting between the departments and gain experience in every department like sales , account, marketing , human resource, etc
8. Before locking a deal, keep negotiating everywhere. Take some courses for investment, talk to a lot of people , reject , negotiate and accept . Do your research really well
9. This is a continuation from the previous point . Don't listen to people who have not done investing . Talk to people who have already done that. Take them for lunch , ask them their journey and gain more knowledge
10. Pay your broker well. Only if he chooses to give a better information you can become rich . They are the biggest asset who are there in the market and doing your research . Once you get a great deal , keep them in touch for years
11. Failure defeats losers and the same failure inspires winners
12. SPOILER ALERT : inspiring story of McDonald's is , he actually is a real estate person but he worked in odd jobs , invested that money in opening hamburger franchise and the profit he gets from the hamburger franchise he puts in real estate
13. The history of power of corporate was an eye opener.
14. Living below your means can make you rich . Follow (income - savings = expenditure) instead of (income - expenditure = savings )
15. I have learnt that , if you want to have a smooth retirement plan , don't use credit cards , don't buy unnecessary luxury items , reduce your expenditure and keep accumulating the assert column, have a secondary income source and invest in land . If you buy a house , rent it to generate a secondary income .

I can give 4 star rating out of 5. Read this book guys. It will be absolutely worth it. 

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