Reaction Paper on the story, RICH DAD, POOR DAD
Submitted by: IJ L. MADERA
The story teaches us different outlooks in life that everyone must choose in order for them to live an achieving living. People have different perspectives on their existence; different decisions to make, ideas, and principles that reflect there persona of whom they are and of what causes them to be of what they are now. The book tells us on how a two dissimilar man; the rich man with very little education but financially knowledgeable, very skilled in the investment game because that’s all he did and the poor man struggle for success through education but lacks financial literacy that he spent so much time in school learning about the problems in the world, but have not acquired any valuable lessons about money and other financial related matters. This book reduces two fundamental concepts: a can do attitude and fearless entrepreneurship which was portrayed by the two dads. The author presents six major lessons which one must inculcate in one’s wits such as the rich don’t work for money, the importance of financial literacy, minding one’s own business, importance of taxes and corporations, on how rich people invent money and the need to work, to learn and not to work for money. From the beginning of the story, the author gives much emphasis on accounting knowledge. It is an actuality that no man turn out to be successful without struggling and sacrificing. It was depicted by Kiyosaki and Mike as they have worked on a grocery store Mike’s father (rich dad) had offered for them for them to avoid the “rat race” experienced at their first job. Both boys tired of being so underappreciated but instead of giving up, both boys chose to learn the moral lesson rich dad contributed to them. This first lesson taught us that even though some people may not be grateful for our work, never give up but prove them your worth. The rich don’t work for money, instead money works for them. This is a...
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