Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! in PDF

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Aman Burgers

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Dec 22, 2022, 3:33:54 AM12/22/22
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Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! PDF File

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Rich Dad Poor Dad by Kiyosaki is a book written by Robert Kiyosaki, which advises the importance of fiscal education, prudent financial planning, creating wealth through investments, establishing businesses and then growing one's financial knowledge. The book talks about how families should handle money so that it can be used for growth and expansion. As Kiyosaki says, "A nation cannot grow to anything unless the people have enough money to support themselves." The author also advocates for the need of children to take part in public service like helping with hunger and disease, and other humanitarian works. In addition to that, the author encourages parents to save and invest for their children's future. He believes it is not enough just to provide food and shelter, but we must be smart in handling our money as well.
The book shows that by planning early, a family can become financially independent, and Kiyosaki even suggests that one should not wait until you are older to start saving. He points out that a child can start saving at the age of five or six. The book also introduces a fictional family called the Karastan, from which the main character, Matthew, is borrowing money. The book ends with Matthew writing a personal letter to each of his creditors, which he refers to as his "memorandums."
The author's educational background is based on two fields of study - religion and economic development. He earned a degree from Harvard University where he pursued graduate studies in political science and sociology. From there, he pursued a career in education, teaching for the New York City Department of Education, and then working as a professor in the Department of Labor, Economic Research Service, Economic Counseling, and Urban Education and Policy, in the Federal Reserve Bank of New York. Rich Dad Poor Dad was released in March 1997 and quickly became a best-seller. It can be said that, due to its controversial material, the Kiyosaki style of economic development has been widely dismissed. However, one cannot discount the fact that it is one of the most effective books on financial issues.
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