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Rich Dad Poor Dad by Robert Kiyosaki Book Summary

Rich Dad Poor Dad by Robert Kiyosaki Book Summary

Does money ever make you nervous? Do you feel that you cannot deal with personal finances? Suppose, you have credit card debt, or maybe you are afraid of getting into debt? Or, maybe you are so afraid of debt that you never opened a credit card at all. You may have never opened a channel of credit at all. The author Robert Kiyosaki observes that the mindset is the most significant part of these limitations. The statements like: ”I am not smart enough to manage money”. That is not confusing, ”I cannot figure it out.”

Rich Dad Poor Dad by Robert Kiyosaki Book Summary

According to the author, our experience with financial education lies at the helm of these insecurities. We need to know what the rich, or poor know about money.

Chapter 1 Explore Your Money Motivations

The author’s experience has shown that money, people are motivated by one, or two things such as greed, or fear. However, the question of managing money never comes in our minds. Emotions can drive our decisions. We must imagine a scenario in which you have started a new job with a raise in salary, but the next step is to decide how to manage the money. As you decide, what would be the right thing to do? Would you buy a new car, or a new house, or fashionable accoutrements? Or you should invest in stocks, or bonds? This is the point, according to the author, when class divide comes into play. Wealthy people ask children to hang on to their wealth.


It also means redistributing to invest in stocks. Besides, this people, who have less financial education are unlikely to make choices to secure a financial future. On the other hand, people born into poor families are unlikely to know about investment.

Chapter 2: Who Wants to be a Millionaire?

If you went to an average person on the street, it is clear that many would say yes, I want to be a millionaire. However, an excess amount of wealth can also be a problem because staying wealthy might be a problem because people then, do not have a handle on their spending like spending a million dollars on a house. According to the author, people who consider dilemmas, after getting a million dollars would have planned accordingly.

Chapter 3: How to Make Smart Investments

What is an asset, and a liability? An asset is an investment that help in making more money for the company. A liability is an investment that will cost you money. Besides, house is also thought of as an asset, but is a big liability because you are constantly putting money into it.

Chapter 4 Final Summary

The author shows that socio-economic divide between rich, and poor parents have created a disparity in financial education. Wealthy parents are comfortable with the inner workings of the stock market. Hence, the author uses his experience to create a roadmap by explaining the basics of the stock market. Besides there are many takeaways for Rich and Poor Dad

Key points of Rich Dad Poor Dad

  • The poor and middle-class work for money, but the rich have money work for them, the truly wealthy understand the standpoint that money should come to them through assets, stocks and bonds. In other words, make money work for you.
  • It is not how much money you make; it is how much money you keep. Many people believe that we are rich by the money we make, but it is how much we keep. According to the author, the key to becoming wealthy is to manage money smartly.
  • Financial education is very important because graduates’ complete degree without knowledge of financial aptitude. Thus, educated individuals struggle because they cannot manage money, and they do not how to make money work hard for them.
  • People need to mind their own business by focusing on the asset column, while everyone else focuses on income statements. The key is to acquire assets that generate income.
  • You need to pay yourself first which means you need to prioritize on saving, before paying bills. It is the lack of self- discipline that causes most winners to go broke.
  • Do not fear losing money, fear of failure prevents opportunities to build wealth and you, then cannot take financial risks.
  • Patient investing is not gambling, it requires precision of thought, patience and knowledge, in addition to research.

Book Blurb

It is a thought-provoking book that challenges the mindset around wealth, and financial success. It highlights on the following differences:

  1. It provides eye opening insights into the differences between rich and poor. It also offers rich, valuable lessons on building wealth. It also shows how to achieve financial independence.
  2. The book empowers readers to take control of their financial independence.

Thus, Rich Dad Poor Dad is a great book for all those, who are looking to invest in wealth, build a vision for the future. If you want more such great self-help books, then, login at bookswagon.ae and order them now. It is a haven for book lovers in the UAE offering language diversity with multiple genres of books such as self-help, graphic novels such as Manga, historical fiction, memoirs, science fiction, children’s books and a lot more.

Browse the cart for the books which you want to order, add to the cart and order now. You will get the books on your doorstep in 2-3 days. You can heave a sigh of relief and enjoy your days with the book of your choice.

Importance of reading books: A valuable journey of our life

Importance of Reading Books: A Valuable Journey of Our Life

There is a huge importance of reading books for all the ages of people. Books are the prime window for grabbing knowledge offering valuable insights in distinct subjects and fields. The importance of reading includes escalating critical thinking, nurturing emotional balance, and understanding the world comprehensively. Ultimately we can say that books help in gain a vast level of knowledge and growth in our career.

Importance of reading books: A valuable journey of our life

In the era of dominating digital screen life, the intensity of book reading never faded. The only traditional way of delivering timeless literature and knowledge has consistently created a huge impact on people. Being a cornerstone for intellectual and emotional growth, there are many benefits of reading books of different categories like self-help and personality development, fiction, non fiction etc. that assists us in sharpening our memory, expanding new horizons, and delving into the ocean of knowledge.

Why books are the gateway to knowledge?

Books have an ancient history signifying their importance and are recognized as the ocean of knowledge. It offers valuable insights on different and diverse subjects and fields like history, science, philosophy, arts, etc. Grabbing such in-depth knowledge and insights proves the value and importance of reading books continuously. It’s not just about reading fiction and non-fiction books, several other genres and categories can embrace your experience and imagination.

Moreover, the benefits of reading a book provide you with a platform to foster your cognitive skills, vocabulary, and critical thinking enabling you to grasp complex ideas.

Let us elaborate on the importance of reading books:

  • Depth of information: books are the treasure of knowledge providing comprehensive coverage of various subjects and fields. They help you in presenting your ideas and notions in an organized way.
  • Diverse perspective: There are books available in various genres and categories covering a wide range of topics and viewpoints. A redress can embrace their knowledge in history, fiction, and philosophy offering a diverse perspective that broadens our horizons.
  • Boosting imagination and creativity: whether you are a fiction or a non-fiction lover, it helps you to transport in the world of creativity and imagination by having a different perspective. This enhances critical thinking and empathy allowing readers to better understand the world.
  • Accessible learning: books are quite easy to access as compared to any other form of education. Readers can find them easily in libraries, bookstores, and any online platform making it easier for readers to buy them without any hindrances.
  • Continuous learning: Reading books is a lifelong learning journey. Always there is something to learn new things through every page of a book.

What skills do we gain by reading books every day?

Reading books is a boon for people to gain knowledge and become successful in their lives. Not only for entertainment, the importance of reading books has served to a larger extent in personal growth too. Below we have discussed lucrative skills you can gain by reading books:

Expanding horizonsWith the ability to transport readers into different places, times, and perspectives, reading books has established themselves at their peak to expand their horizons.
Knowledge gainFor gaining a tremendous amount of knowledge in different fields, books are a pivotal part of every human being’s life. They help us in grasping the knowledge of history, science, philosophy art, etc.
Critical thinkingBooks also encourage readers to develop their critical and analytical skills. By engaging the readers in different notions and concepts, books help to analyze crucial conditions comprehensively.
Language and vocabulary developmentBooks are also an essential tool for enhancing language and vocabulary through continuous reading. You will get exposure to various languages and vocabulary, ultimately strengthening sentence structure and writing style.
Benefits of Reading books every day

Here Is the List of the Most Important Books to Read

Whether you are a novice or a veteran reader, reading books continuously enhances your knowledge and skills. But it is mandatory to know which books can be beneficial for you and must be read once in your lifetime. Further in this blog, we will let you know about the list of important books to read:

  • Harry Potter books: Reading the Harry Potter series transports the readers into the world of magic and imagination. Encouraging the readers to escalate their level of creativity and explore new adventures is the biggest benefit of reading it.
  • Think and Grow Rich: One of the most significant books on developing an individual’s personal and financial growth. The book delivers a comprehensive knowledge of practical strategies for achieving goals by developing a powerful mindset. 
  • Atomic Habits: An incredibly written valuable book making positive changes in your life. This highly influencing book resonates with various concepts to harness your power of consistency and leverage your habits.
  • 48 Laws of power: a perfectly written book by Robert Greene offering valuable insights in the field of dynamics of power and influence. The book helps readers explore the strategic ideas, and psychological principles to understand the framework of dynamic power comprehensively. 

The above-mentioned important reads are quite beneficial in developing your skills and knowledge. If you are among the avid readers and have a genuine interest in reading books, you can easily buy them from www.bookswagon.ae. It is UAE’s most recommended online book platform assisting readers to delve into the world of literature. So what are you waiting for, log into www.bookswagon.ae and buy the most important books to read.