024-2019 Rich Dad, Poor Dad

Title: Rich Dad, Poor Dad

Author: Robert T. Kiyosaki

I bought the pocket-sized booklet of this top-seller, and am really satisfied with what I got from this read.

The approach followed by the author to tell this story is quite interesting. And it all starts with the entertaining title of the book. Before I bought myself a copy of this book, I wondered how he would give financial advice from a poor man and rich man’s perspective, and was given the answer straight away in the first chapter when he confirmed that the story is based on his time of growing up. His real dad being the ‘poor dad’ of the story and his ‘rich dad’ being the dad of his best friend. And the way he tells the story (/teaches the lessons as he grows up) was really well done.

He emphasizes on multiple occasions that schools only teach us the skills to become active and contributing members of a functioning society. Which is needed of course, for a society to function the way it does today. But there is more we could learn for ourselves, and live somewhat differently, making our lifestyles a little better.

This financial knowledge is introduced in this first book and has the following disciplines: 1) The Rich don’t work for Money, they make Money work for them; 2) It’s not how much you make, but how much you keep; 3) Mind your own business; 4) The history of taxes and the power of corporations; 5) The Rich invent Money; 6) Work to Learn – Don’t Work for Money; 7) Overcoming obstacles; 8) Getting started – There is Gold everywhere

Especially the first chapter was a little tricky for me to get in. “Don’t work for money”. I really had think on that, and even when I thought I had understood what was taught, when I read the subsequent chapters I understood more and more that that initial understanding wasn’t quite right. And gradually I learnt what he meant, and now believe I understand his lesson much better. So much so that I try and look around me for potential business ideas.

The great thing about growing up in a developing country, and then moving to a developed country, is that chances are that some ideas in place in the latter country have not yet been implemented in the former country. Thus, I look and see whether that business idea would have any feasibility in my home country.

Lesson 2 of the book I have already implemented before starting off the book, and lesson 3 is currently in progress. Having read the lessons and already seeing that to some small extent I was already on the right path, I was really excited to think of ways to take the next steps and improve my asset-base 🙂

Lesson 6 also gives good supporting reasons why we should never stop learning, and should in fact invest into our education, more so than make ‘conspicuous consumption’.

Summary:

The book was a fun read, teaches the lessons in a clear and understandable way. After every chapter there is a summary of the matters that were discussed in the chapter (however, the summary is almost written in the same manner that the chapter was written, and therefore it feels like the summary is not helpful). The lessons are sound, and the author strongly urges the reader to understand what the reader just read. The book got a rating of 5.7/5

023-2019 Think and Grow Rich

Title: Think and Grow Rich

Author: Napoleon Hill

I did finish this one some time ago but neglected to write a review before the year had ended. That’s why (even though we’re already going strong into 2020) I still title it among my 2019 reads.

Somewhere I once read that this was the book that was most commonly read by most millionaires. Once I turned the last page, I could understand how that could be true.

Even though the book was written a long time ago, the lessons it gives still hold strong value today as much as they did in the early 20th century.

The book is split into the following disciplines: 1) Desire; 2) Faith; 3) Auto-suggestion; 4) Specialized knowledge; 5) Imagination; 6) Organized Planning; 7) Decision; 8) Persistence; 9) The Power of the Master Mind Group; 10) The Mystery of Sex Transmutation; 11) The Brain; 12) The Subconscious Mind ; 13) The Sixth Sense…….off by heart 🙂

The order of the disciplines is not by random, but purposefully set in an order that the author wishes to get to the reader. With each of the disciplines taught the author gives the lesson, an illustrative example and then a session to reflect on the lesson learnt in the chapter. The examples used are of people from the early – mid 20th century, but they are clearly set out that the reader can still properly relate to the lessons.

Summary:

The book wishes to teach value to every reader, uses good examples to illustrate the 13 disciplines, and frequently links the disciplines to each other, so that the reader doesn’t see them as one, but sees the connection between them. The lesson is taught in not-too-lengthy chapters, and the examples are very well explained. This book thus got my rating of 5.7/5

PS – it’s on my reading list in the next few months so I can see and reflect, and relearn the principles, and sharpen my knowledge of them. 🙂