Rich Dad Poor Dad / Cashflow Quadrant by Robert Kiyosaki - Book Review

This is a book review on the bestsellers, "Rich Dad, Poor Dad" and "Cashflow Quandant" by Robert Kiyosaki, sponsored by PapaMedia.com.

The book, Rich Dad, Poor Dad, is a simplified version on the subject of financial literacy. This financial book was self-published by Robert Kiyosaki to teach practical lessons about money. Robert Kiyosaki tells a story of two metaphoric fathers and the lessons that he learned as a child from them. Initially the book summarizes the poor dads lessons to those that we are commonly taught in traditional school systems. The lessons from the rich dad reflect the lessons that adult life teaches you after you finish a formal education. The book is purposely formulated in a manner that any elementary school age child can easily understand. The first chapter of the book summarizes the story of the two dads and the lessons learned from each. It was written to help people understand that the childhood lessons that were learned helped Robert Kiyosaki become a millionaire in his adult life. The next six chapters explain the six invaluable lessons that the rich dad taught Kiyosaki and the real life examples that formed the lessons. In the lessons are practical tips that wealthy individuals use daily in order to create various forms of income. The final chapters give advice on common mistakes that people make in life and with money that cost them the opportunity to access wealth. This book is about learning to think differently than we are taught in schools so that we can create our own wealth. In conclusion, the emphasis from both dads was to focus on education. The lesson gained involved the subjects that we learn about and how we use the information in our individual lives.

Robert Kiyosakis book, Cashflow Quadrant: Rich Dads Guide to Financial Freedom, is a guidebook for goal setting that focuses on financial action. The cashflow quadrant is a symbol that classifies the types of people that exist in the working world today. The book is broken up into three sections that give information and advice to help readers understand how money flows. Part one focuses on the four quadrants: from the employee who makes money for corporations to the investor who buys assets in corporations. Each of the four quadrants is summarized to explain their advantages and disadvantages, with recommendations on how you can move to the desired quadrants. The second section of the book focuses on goal setting and action plans for your goals. These are recommended tips that Kiyosaki suggests in seminars that he teaches. The final section of the book focuses on the progression from where the reader is to where the reader wants to go in terms of the cashflow quadrants. Each level is summarized with respect to seven levels of investors and the pitfalls of each. Cashflow quadrant is set up as a resource book or textbook rather than regular reading material. Kiyosaki also includes several visual examples of worksheets and activities that make this book user-friendly and interactive.

Category:

Education

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