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Bukit Timah, Singapore
HCI 2A1'10 / M'sian scholar / CCA Chinese Chess / Reading / Football / Listening to music / Maths / Liverpool fan

Wednesday, 10 June 2009

Blog Prompt 1 - The book that impacted on my father the most

Recently, I interviewed my father about the book that made an impact on his life the most. According to him, the family condition during his childhood days were bad, thus he could hardly afford any books. However, there was one book which intrigued and affected him a lot -- Rich Dad Poor Dad, by Robert Kiyosaki and Sharon Letcher.

Below is a picture of the book :

In the book, there were two dads. One dad was highly educated and intelligent; he had completed four years of undergraduate work in less than two years. He then went to universities to do his advanced studies on full financial scholarships. Meanwhile, 'my' other dad never finished his eighth grade. Both were successful in their careers, working hard and diligently, and earned substantial incomes.


However, one dad struggled financially all his life and the other dad would become one of the richest men in Hawaii. One died leaving tens of millions of dollars to his family, charities, etc. On the other hand, the other left a legacy of unpaid bills. Both men were strong, charismatic, and influential. Both offered 'me' advice, but they were very different. Both had extremely different perspective on the subject of money. For instance, one would say, "The love of money is the root of all evil," while the other, "The lack of money is the root of all evil."


The book touches on/state that :

  • the value of financial intelligence
  • corporations spend first before paying taxes, while individuals must pay taxes first
  • that corporations are artificial entities that everyone is able to use, but most of the time the poor don't know how

"The poor and middle class work hard for their money. The Rich have their money work hard for them." This is one of my father's favourite quote in the book. Through this book, he realises the importance of money and how to "make money work" for him. Therefore, the book Rich Dad Poor Dad made a great impact in my father's live.


Below are some links which I find relevant to Rich Dad Poor Dad :


1 comment:

  1. Not a book that I really like. I am still not interested in financial things.

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