Excerpt's From the Book Rich Dad Poor Dad Written by Robert Kiyosaki

"What the Rich Teach Their Children About Money , Which the "Poor and Middle Class " , Don't Teach Their Kids

By Praveen Sudarsan, published Mar 19, 2007
Published Content: 14  Total Views: 2,016  Favorited By: 1 CPs
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This Book "Rich Dad Poor Dad" written by Robert Kiyosaki is # 1 Newyork Times Best Seller aimed at how people can achieve financial stability in their Life .Author explains, the main reason why people struggle financially in life is because they spend so many years in school and college studying various subjects but have not learnt anything about money and how it works, thus remaining financially illiterate. So when they face the real world they struggle vary hard to earn money. The main reason behind the struggle is due to lack of financial literacy which makes them unaware of the potential opportunities which exist's around them, which can make fortunes on the other way around . So they work very hard all through their life to make money and in the process make some one else' rich and still remain financially weak.

Financial literacy is all about how money works and how to have it work for you.We hear people around us saying "study hard" , "Get good grades" ,"secure an employment in a big organization" for a big pay check, but no one ever educates us anything about money and How It Works and How to have it work for you. The rich know very well about these subjects which they pass on through generations. This is the main reason why the rich become more richer and on the other hand , the poor and middle class struggle very hard through out their life to make money but never become financially Independent.

Generally , people especially the poor and middle class , work hard throughout their life to make money and are only making some one else rich. They never know, that they are chasing a wild dream of becoming rich which actually is impossible without financial knowledge.

We hear people saying 'I am not Interested in Money', 'I cannot afford it' and so many lame phrases ,in our day to day life. They find it better to make such statement's than to accept that they lack financial knowledge. So they compromise saying vague phrases like "I am not for money " and pretend to be highly intellectual.

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