(5) = Best; (4) = Better; (3) = Good; (2) = Fair; (1) = OK
These abstracts serve as reminders to myself; they serve to "jog" my memory on what a book was all about. That's all. This is not a literary critique, not a social commentary, and certainly nothing profound to warrant further discussion.
(5) = means that I really enjoyed this book; (1) = means I finished reading it but wonder if my time could have been better spent elsewhere.
This is one of those books I should have read 30-40 years ago, but then, it wasn’t around at the time. I plan to get extra copies for my children and grandchildren. I was never taught the principles outlined here! One of my sons was an Economics major. I’ll have to discuss this book with him.
The author’s father was a highly educated professor (Poor Dad - that’s me, too) and his best friend’s father (Rich Dad) did not have more than a high school education. He became the author’s childhood mentor. The contrasting views expressed by the two fathers on one’s purpose in life forms the substance of the book. The author shares his learnings – what the rich teach their children about money and what the poor and middle class do not – he offers practical advice and priorities on how to become financially independent.
As a result he also believes educational reform is needed everywhere as financial literacy is sorely absent in the curriculum.
Money is all important – it provide the backbone for one’s existence - or does it? Do you agree with him? He is, however, consistent with Abraham Maslow’s theory on the “Hierarchy of Human Needs” where physical needs and security form the basic foundation. Money provides that. We jump too quickly up the scale to focus on meaningful work, life satisfaction , personal growth, recognition, achievement and self actualization without much consideration on how money fits in to accomplishing these needs. (5)
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