You are viewing a single comment's thread from:

RE: What is the best book you've ever read competition! 25 SBD prize money!

in #competiton6 years ago

"Rich Dad Poor Dad" by Robert Kiyosaki and Sharon Lechter
I am reading this book right now and it's by far the best book I have read.
The book is about teaching financial literacy in quite simple language. Its principal advice is to make people understand what it means to make your money work for you and not you working for your money. Simply put: teaching you to start buying assets and not liabilities. Assets that earn you returns.
What I have liked the most is the metaphor of the rat race which in short it pictures a cycle stadium in which "poor" rats run as fast as possible in order to reach the top circle but struggle enormously and fall down, on the other hand "rich" rats manage to stay on top thanks to their assets constantly paying returns.
I have learnt from this book and started applying its rules. I hope that it'll bring benefits as it teaches and allow to reach financial independency.