Rich Dad Poor Dad Lesson 1

Only available on StudyMode
  • Download(s) : 213
  • Published : May 6, 2013
Open Document
Text Preview
CABARRUBIAS, John Rodnie C.
1 – CBE
REFLECTION PAPER
(“Rich Dad Poor Dad” Lesson 1: The Rich Don’t Work for Money)

Rich Dad Poor Dad lesson 1 really focuses on how money works on a rich person by having controlling their fear and desire. It is true that we need to control our fear and desire. If we have fear we are afraid and then after that we have the desire to have or to move on it. I usually encounter this kind of situation for example when I buy clothes, I usually have fear to bought it because I am afraid to lose money on the end but still I have the desire to buy that clothes because it is my need. But if we usually do this that fear and desire are really controlling us we should change, because we will end up nothing and afraid for something that we either want or not.

“Money is not taught in schools. Schools focus on scholastic and professional skills, but not on financial skills.” In all some of the quote this thing really strikes me most, because of the thing that we usually the one can figure it out to teach us about money rather in school. It is more in skills that is developing inside a school so that we can have a better job and to have a higher income.

In school we usually study hard so that we can find a good company to work for so that we have income instead we study hard so that we can find a good company to buy. It is true that we should study more in handling money or on how money works so that on the end we know how can we buy a good company in a successful way.

Taking risk are really part of understanding money, simply because we usually give up something in order to have a bigger opportunity or to have a better chance in life. In this lesson the rich dad really teach the two children to take risk and to manage risk in order to understand the meaning of revolving their self in money. Managing risk sometimes frustrates us in a way that we ended up nothing, but we should think what the instances if we take it and manage...
tracking img