Book Review: Rich Dad, Poor Dad – Robert T. Kiyosaki

Here it is, the first book that triggers me to read more and more after a while not reading any. Rich Dad, Poor Dad is actually an old book on my room’s bookshelf. It belongs to my sister since 2014. The title always looks interesting. I tried to read it when I was in high school at summer holiday but I ended up only read the first 2 pages and felt exhausted by its contents. Or in simple way, I was too dumb for the content, I could not understand it.

Then this summer holiday in 2019, I was not accepted in internship program I applied in then I decided going back home and spending some of my time in my room trying to figure out what should I do to make this holiday more fulfilling. I looked at the bookshelf and there was this book and I just decided to read it since I think by reading something I could feel more fulfilling. 

Surprisingly, this book is so good, I really can relate why it is becoming best-selling book. I can’t stop reading it because every page leads me to another curiosity and kept me on reading until the last page within less than a month (this is an achievement for me since I did not like reading and my reading pace is so slowww back then). Even my mom felt like I acted weird reading book. XD

The reason why this review came last is I just do not know where to start reviewing this book. It is rich of content that I believe young people should notice it but yeah I believe I can't fit everything in on this blog post. It takes some time to decide which content that I wanna spill hehe. This book overall tells us "HOW TO BE RICH by being SMART FINANCIALLY"

One of the highlight that I want to share about the book is DON’T BE TRAPPED AT RAT RACE. Rat race happens when we can’t manage our own cash flow. The key is keeping the spending much lower than the income. The income should not come only from your profession salary but also from your assets (in assets, money works for us not the otherwise). He said INVEST WELL and be aware to differentiate between asset and liability because some people can’t differentiate it. For example: a house, is it a liability or asset? According to accountant rule, it is an asset account but it is actually a liability because when we own a house, a house will make us pay many things related to it such as electricity, maintenance fee, annual tax etc. The fundamental idea to differ wether it is a asset or liability is questioning; do we spend money for the things we own? does it produce money for us?

Then, anybody can guess what Rat Race is? 

Rat Race is when you work hard and get higher income then it follows by a soar spending, then you become dependence to the work you have and work harder to get higher salary but it again follows by the higher spending as well which at the end you actually do not have anything and never be financial independent. It is a cycle that repeat itself until you become fully conscious to manage your cash flow

Why rich people become richer? and poor people become poorer? Rich people manage their cash flow very well.

Interested to read more? I SUGGEST YOU TO READ this book 
Happy reading :)