Rich Dad Poor Dad
by Robert T. Kiyosaki
Description:
Rich Dad Poor Dad is Robert's story of growing up with two dads — his real father and the father of his best friend, his rich dad — and the ways in which both men shaped his thoughts about money and investing. The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you.
My opinion:
If you've never read a book on personal financing, this should definitely be the first one.
The book doesn't teach you, but shows you the fundamentals why rich are getting richer and the means of investing and making money work for you.
Downside of this book is that the author only "shows" you the fundamentals, but doesn't explain how the asset value applies to todays day and age.
Favorite quote:
" Money comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth."
– Robert T. Kiyosaki
Key takeaways:
Control where your money goes by controlling your behaviour.