Most of us understand the benefits of saving money, however, buy most of us don’t know how to manage our money or create money for ourselves and our future generations. There are many books that cover personal finance, from Napoleon’s ‘Think and Grow Rich’ to Thomas J. Stanley’s ‘The Millionaire Next Door’. But ‘Rich Dad, Poor Dad’ is one of the best-selling personal finance booksby Robert T. Kiyosaki that helps to open up your mind on how to improve your financial knowledge, this book can be read by any beginner to start his financial journey towards his ultimate Goal of getting Financial Freedom
Below are the 3 reasons why you should read ‘Rich Dad, Poor Dad’.
- There is always a Choice – you just have to see the options available to you.
Many times we fail to understand and realize that it’s ultimately our decision and our ability to choose how we live, how we earn our income, and how we spend it. Nowadays there are many ways to generate income. Our ultimate goal is not to just pay bills and die, ‘Rich Dad, Poor Dad’ encourages us to explore more options on how to make money in order to escape from the rat race.
- Mastering your emotions when dealing money are as important as creating money
“Learn to use your emotions to think, not think with your emotions”
Even though mastering your emotions can be a tough one, it is not impossible. In ‘Rich Dad, Poor Dad’ Roberts rich dad states that the two emotions that trap most people in life are fear and greed/desire. Fear and desire can certainly affect an individual’s thought process leading them to make decisions that aren’t rational.
By choosing your thoughts you can confront fear, weaknesses and any other emotions you may experience. You can also begin to think of different solutions to your financial difficulties, rather than allowing your emotions to control you and your monetary situation.
- It teaches you that learning doesn’t end when you leave school
When you leave compulsory education most people believe that education is done. Whilst you may be done with education, there is no end to learning. If you want to gain more income or make money work for you, then it starts with learning. Whilst money is needed in order to function in today’s society, the only way to gain more income is to gain more financial knowledge.
“Money without financial intelligence is money soon gone”
Let’s take those who win the lottery who are poor and then gain millions become suddenly rich and then revert to being poor again; without financial knowledge, their money is gone in a blink of the eye. Building wealth takes time and understanding, take the time to understand money and how it can work for you.