 Hi, hello This is Janth here. I just thought I'll make a video Reviewing the book Which dad were dad by Robert Kiyosaki? The reason I'm doing is the reason I'm doing this video is like The past one and a half years I've been like reading a lot. I used to read ever since I was a kid But for the past year or year and a half I've been reading a lot So before I decide which book to read I usually Look for a video of somebody reviewing the book to think that Is it worth spending my time in so I just thought I'll do one for people who are like me Okay, so getting into the book Rich dad were dad by Robert Kiyosaki It says best number one bestseller number one finance book of all time. Okay, as you can see here The reason I came about this author is I saw a Ted talk about him. Okay, and I thought he was he knew what he was talking about first of all and as usual when I scroll down below to see the comments they were like There are people who are like raising him so much and there were others who are like Telling this guy's a con artist. He's a scam guy so etc, etc But I always feel that if you if you put out mean if you are successful Over over an extent the heat has come naturally So I thought I should give this book a try and Even before I started reading Whenever I used to go to a bookstore or gift shop, I used to see this book translated in all languages in the Tamil etc, etc. So I just wanted to give it a try About this book It says what the rich teach their kids about money what That the poor in the middle class do not Okay As the name suggests rich dad for dad The author when he was little He seems to have he seems to have seems to have had two fathers One of them was his own dad. Okay, and the other is his friends his friends father His own dad is the poor dad and his friends dad is the rich dad. Okay, both of them have several contradicting views One of them believes that you should get a job. It is a privilege to work for the government He He feels that you should work hard for money and having too much money is Is a bad thing What all I just said now are the qualities or Or the beliefs of the poor dad, which is the author's own dad and his friends dad is the rich dad. Okay Rich dad has completely contradicting views like he believes that jobs of a suckers a Very high degree of education is unnecessary and money is good and you should open businesses and It's not that you have to work hard for money, but You should have financial education the poor dad believes that All education is in school the rich dad believes Education doesn't stop in school. Okay, so this is what what I just said now is the first chapter. It's it just goes like The author just recalls some of his some of his childhood experiences one thing that Mr. Kiyosaki Says again and again and again in this book is We are taught a lot of things in school Algebra trigonometry science chemistry Etc. Etc. But we know we are never taught how to Handle our finances or handle our money We have that is a lack of financial education in school That is why even when people come out of college with good grades they fail miserably when they Come to when it comes to handling the finances, okay That is one thing which is told over and over and over in this book There's one more important thing which is told in this book Which I feel that everybody should know The author tells us Talks a lot about cash flow how the money flows like He talks about four elements which is Income Income is what you get your salary, etc Not only a salary, but what whatever money comes in Next you have expenses Which you spend But then the third is assets assets are your investments Can be stocks bonds real estate etc things which consistently give Money, okay over a period of time then you have liabilities liabilities are Things which you have to pay money for like except for example you bought a house on a loan and You have to pay a certain amount every month. Okay, you get what I'm saying yeah, so So you have income expenses assets and liabilities, okay the author says that the poor they don't They struggle the poor the poor people struggle to manage their expenses Okay, the middle-class people most of us in general He says that we get confused between Our assets and our liabilities which means that We think something is an asset But it is actually a liability so the middle-class Is unable to differentiate between the asset and the liability and The rich, okay They are able to find they are able to know the difference between what is an asset and what is a liability and invest Intelligently on assets Okay if it I try to give you a short explanation of it, but I hope you understood Else I think you should you should check out the book. Okay, especially for this concept you should check out the book and Anything else stuff about this book is like I'll just give you a few hints like the author says You should get out of a job as quick as possible and you should Open a business He calls this concept of being in a job as a rat race. Okay He talks about investing a lot and he talks about investing in such a way that the income from our assets should exceed That from our expenses. Okay, so you he talks about investing intelligently that you reach a point in which Your investments give you more money more money than your income. Okay at this at that point of time he says that a person will be able to escape the so-called rat race and He can do whatever the hell you want. Okay So he says this as financial independence. Okay, and He says that and he talks of all about what rich people do to save the money like He talks a lot about corporations like From what I read in this book. It says that corporations get taxed a little compared to Normal people One more important thing which I agree A lot with what Mr. Kiyosaki said here is he says that We've been taught in school that we should Work hard to get rich the only the only Way to get rich is work hard put in time put in effort put in the sweat I believe that we should put in the sweat, but he but the author here says that That concept is outdated he says that Instead of working hard you need to work smart. You need to make smart investments Making smart investments. You can earn a lot inch Earn much more than Toiling at a job. Okay. He's given a lot of examples Real-life examples of what he has gone through in making money um Some of the terms even I could not understand like I'm not a real estate guy, so I Wasn't able to understand it, but I Think I'll I'll have to go through it once again then The seven the first seven chapters are all about Financial advice and the last three chapters. Okay, Robert Kiyosaki turns into a miniature Anthony Robbins It's all about life advice telling have a good circle of friends learn to take risks and Learn learn a lot learn a lot learn a lot read read stuff Get to know a lot of things That's what It's the last three chapters about okay Final word on the book. I feel that Um There is a lot of high power this book. Okay, it's been out since 1997 and it's still selling well, okay If you think this is the book if you read these 250 pages and you think You're gonna turn up rich I don't think I Think you're a lazy person first of all if you have that kind of thoughts, okay? But this book is is good because Most of us are clueless, okay a Lot of people want to do want to become rich, but they have no idea where to start or This book helps you Shift your perspective on on certain things you should definitely read it definitely and This book is a good start For beginners, the language is fairly simple You will be able to understand it except for the real estate terms given in the examples, okay? and I mean this book personally for me has Steered my curiosity to learn a lot more about it and he's been talking about a Game called cash flow on it. I'm like I'm looking forward to being playing in playing that and About it, I I Didn't know like my first time doing such kind of video So I don't have a proper setup and no do graphics shit but I Hope I was able to give you some info on it. Do read the book. It's good. Okay Leave some thoughts about About the review as well and So let me know if I should Do any other books you want and yeah, like comment share subscribe. Thank you. Bye