[Mr. Ken Russell]

Today I’m going to do a book review on Rich Dad Poor Dad by Robert Kiyosaki. This book was probably the turning point for me to start my own business and to really pave my way to success. Rich Dad Poor Dad is based on a true story about 2 dads that Kiyosaki had – one was his real, biological dad and the other was his best friends’ dad. His biological father was very well respected and worked for the government; he had a very high position and was paid really well. His best friends’ dad left school very early and started his own business. The irony in the story is that the rich dad is his best friends’ dad, and the poor dad is his own dad because the whole book is about how they do not teach you proper finance at school. They don’t really teach you to become an entrepreneur and to start your own business at school and realistically, that’s the best way to make a substantial amount of income and to achieve financial freedom.

“Rich Dad Poor Dad” is about the differences between his 2 different father figures and how the attitudes of one contrast the attitudes of the other. This is the basic concept to the book, but essentially it’s a real good business overview. Kiyosaki goes into talk about the cash-flow quadrant and how it’s so important, but the main point that I got from this book is that another quadrant that incorporates Employees, Business Owners, Self-Employed, and Investors.

Rich Dad Poor Dad talks about how to transition from being an employee, working for someone else to becoming self-employed, working for you. Then Kiyosaki tells you how to transition to becoming a business owner and having a system to run your business, this is a little trickier than the first transition, but it’s extremely possible for people who have dreams and visions of having their own business. The next step is to have funds to put in the investors side and that’s where you can get your money to work for you. Personally I’ve done all these transitions – I went from an employee to becoming self-employed, then I started up my own business and when I had enough funds to invest, I did that and continue to do so. You always need to go through these stages to get to the fun side of the quadrant - B and I. This is what “Rich Dad Poor Dad” is all about.

If you have any ambitions or dreams about becoming more than you are at the moment, I highly recommend this book. As I mentioned above, Rich Dad Poor Dad was the turning point for me because it allowed me to realize that I was fully capable of making money work for me and it showed me how to do it, and it can do the same for you!

[Mr. Ken Russell]

Young entrepreneurs, like myself, in their early 20s, 30s, and even individuals in their 40s and 50s weren't really taught how to make money work for us. What I want to do is really give you some valued content on a book that you definitely need to read or even to purchase it on audio if you don't want to read. This book is Rich Dad Poor Dad written by Robert Kiyosaki in 1997. In Rich Dad Poor Dad, Kiyosaki talks about his 2 father figures that he grew up with. His rich dad is not your traditional rich dad; he has no college degree and dropped out of school at a young age. His poor dad did go to school and works for the government and gets paid a high salary. In most cases, we look at the informational age vs. industrial age. The industrial way of thinking is go to school, get good grades and get a good job. On the other hand, in the informational age way of thinking, people are getting rich and wealthy in other ways than going to school and getting good grades; they're actually starting their own businesses and becoming entrepreneurs.

In my opinion the school system needs a lot of work. Schools focus on scholastic and professional skills, but they don't focus on financial skills when students are at a young age. Financial literacy, financial education, financial management, business management or being an entrepreneur or investing in income generating assets should be taught in our school systems all over the world. There are 6 lessons in Robert Kiyosaki's Rich Dad Poor Dad that you're going to read and I'm going to cover a couple of them today.

The first lesson in Rich Dad Poor Dad is that the rich don't work for money. If you see a business owner golfing at 3 pm on a Tuesday afternoon, in most cases, they have either passive income working for them or they have people working for them. There are three types of incomes that you're going to learn from this book:

• Earned Income
• Passive Income
• Portfolio Income

The 3 types of income listed above are going to be described and taught to you in detail in “Rich Dad Poor Dad.” I'm telling you right now that this is going to change your life and your current situation for the better. You don't need a job to be successful; if you're driven, ambitious, a leader, a developer and want to be an entrepreneur you don't want to find a job and help build someone else's dream. What you do want is to own your own business and build your dream. Rich Dad Poor Dad outlines these concepts and will help you jump start your entrepreneurship.