Does school prepare children for the real world? "Study hard and get good grades and you will find a high-paying job with great benefits," my parents used to say. Their goal in life was to provide a college education for my older sister and me, so that we would have the greatest chance for success in life. This is the introduction to the book Rich Dad Poor Dad by Robert T. Kiyosaki. This is especially true in the context of Asian countries where most of us are told to cram for exams, get good grades (top the class if possible) and jobs with fat paychecks and benefits. Though times are changing and so are people, there are some classic mindsets that we yet harbor-If my kid doesn’t get an “A” in mathematics and science how will (s)he be successful in life? This book shatters all these mindsets. Because life is not about grades alone. To start with, this book talks about Robert’s two dads. Now don’t get me wrong here. He has only one biological father. The other one is his friend Mike’s father. He refers to Mike’s father as his Rich Dad and his own father as his Poor Dad. Both dads have influenced him considerably throughout his formative years. His Poor Dad was a PhD and working in a government job and yet struggled financially. His Rich Dad though not educated beyond the 8th grade was self employed and succeeded because of his financial knowledge. The author then goes ahead to explain that financial knowledge and how to make your money multiply is essential in life.The five lessons that the young Robert learns from his Rich Dad are: Lesson #1 The Rich Don't Work for Money
Lesson #2 Why Teach Financial Literacy?
Lesson #3 Mind Your own Business
Lesson #4 The History of Taxes and the Power of Corporations Lesson #5 The Rich Invent Money
Lesson #6 Work to Learn Don't Work for Money
Lesson #1 The Rich Don't Work for Money: This chapter shows how Robert and his friend Mike are employed by Mike’s dad (Rich Dad) at his store for paltry sum and are made...