30th August, 2014
Rich Dad, Poor Dad
Name : Grace Loy Ming Hooi
Class : K3B
School no: 12044
Book title:Rich Dad, Poor Dad
Author :Robert T. Kiyosaki
Summary :
This book on financial education is written by a self-made billionaire named Robert T. Kiyosaki . It stresses on the lack of financial education given by the government to students.He states that there is only one rule to getting rich: Don’t buy liability, buy assets . This might sound simple but often the middle class people do not understand the meaning of assets.For example, is buying a house an asset or a liability? If your answer is liability, then congratulations, you are well on the way to becoming rich.
Conclusion :
This book is a really good book on financial education for students and parents alike. Anyone can use this book to understand the simplicity and ways to get rich and not worry about financial burden.
Opinion:
This book is really cool and it taught me a lot about financial matters which I wasn’t aware of prior to reading it. Although some of the words used in this book like ‘mortage’ , ‘bonds’ and ‘trust funds’ aren’t easy to understand but all in all, it really did benefit me and I think everyone should give it a go.
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