Book Review: Rich Dad Poor Dad by Robert T. Kiyosaki
Buffet once said this: “How much wealth you can accumulate in your life does not depend on how much money you can make, but how you invest and manage your money.
The book I want to introduce today is so famous and that is Rich Dad Poor Dad by Robert T. Kiyosaki, how big is it? Almost no one knows about my colleagues and friends.
The official sales data is that the total global sales volume exceeds 35 million copies. The book has topped the New York Times bestseller list for 6 consecutive years.
To this, I just want to say: Awesome my brother!
However, I only read it recently, and it’s really an afterthought, no wonder I’m still so poor.
Buffett once said this: “How much wealth you can accumulate in your life does not depend on how much money you can make, but how you invest and manage your money.
Money finds people better than people find money. You must understand that money works for you, not you. Work for the money.” This shows the importance of financial management.
Understand that money works for you, not you work for money. This sentence is the core point of this book, but before we get to the point, let us first understand the author’s “rich dad” and “poor dad”.
On this Content: Rich Dad Poor Dad by Robert T. Kiyosaki
- Book: Rich Dad Poor Dad by Robert T. Kiyosaki
- About the author: Rich Dad Poor Dad by Robert T. Kiyosaki
- About this book: Rich Dad Poor Dad by Robert T. Kiyosaki
- Content overview
- What kind of book is Rich Dad Poor Dad?
- Why should I read this book?
- Book Summary: Rich Dad Poor Dad by Robert T. Kiyosaki
- Book Review: Rich Dad Poor Dad by Robert T. Kiyosaki
- Chapter 1 A person’s ideas have a huge impact on his life.
- Chapter 2 Rich people don’t work for money (turn passive into active)
- Chapter 3 Why teach financial knowledge
- Chapter Four: Focus on Your Own Business
- Chapter Five: The History of Taxation and the Power of the Corporation
- Chapter 6: The investment of the rich
- Chapter 7: Don’t work for money
- Chapter 8 Overcoming Difficulties
- Chapter 9 Getting Started Here are seven steps
- Chapter 10 Need something more? Here are some things to do.
- 5 things the author didn’t tell you about “Rich Dad Poor Dad”
- Rich Dad Poor Dad After Reading
- What do we get from reading this book?
- The knowledge points are as follows;
- Conclusion of Rich Dad Poor Dad by Robert T. Kiyosaki
FAQ: Rich Dad Poor Dad by Robert T. Kiyosaki
- What is the book review of Rich Dad Poor Dad?
- What are the key points from Rich Dad Poor Dad?
- What are the six lessons in Rich Dad Poor Dad?
- Is the book Rich Dad Poor Dad worth reading?
- What is the conclusion of Rich Dad Poor Dad?
- What is the most important asset in Rich Dad Poor Dad?
Book: Rich Dad Poor Dad by Robert T. Kiyosaki
About the author: Rich Dad Poor Dad by Robert T. Kiyosaki
Robert T. Kiyosaki is a Japanese-American, investor, and educator; Sharon L. Lechter is a certified public accountant and consultant. They hope to awaken and enhance people’s “ financial intelligence “ through best-selling books and training seminars, and these concepts are the missing courses in the existing education system.
About this book: Rich Dad Poor Dad by Robert T. Kiyosaki
The author of this book, Robert Kiyosaki, has two fathers: “Poor Dad” is his biological father, a highly educated education official; “Rich Dad” is the father of his good friend, an entrepreneur who has not graduated from high school but is good at investing and financial management.
The author follows the life path designed for him by “Poor Dad”: to go to college, serve in the military, participate in the Vietnam War, and go through ordinary early life. Until 1977, Kiyosaki witnessed the “poor dad” who had worked hard all his life lose his job, and the “rich dad” became one of the richest people in Hawaii.
Kiyosaki resolutely followed the footsteps of a “rich dad” and stepped into the business world, and since then he has boarded the rich express train.
The author was fortunate enough to catch up with the good times of America’s economic upswing (for someone with high financial intelligence, no matter the economic environment, money can work for him), and his early wealth was built mostly through buying and selling real estate and investing in small businesses. In times of economic downturn, authors shift gears to uncover new opportunities.
He first invests in assets and then generates cash flow from assets to satisfy his luxury material needs. Through his “ material desires “, he motivates himself to find ways to make money; at the same time, he increases the pressure of “ debt due and unpaid “ by “ satisfying himself first “ and stimulating his potential. Today, the author has invested in the global layout and obtained wealth.
Content overview
The book is divided into three parts, a total of 10 chapters.
The book tells about the author Kiyosaki’s growth experience under the combined influence of “ rich dad “ (his friend’s dad) and “ poor dad “ (actually not poor, poor dad has achieved a high position in the government education system), also cited the examples of many of his friends, aiming to illustrate the importance of using the mind to improve financial quotient and putting it into action.
In the face of completely different suggestions from the two fathers, he chose his own life path through independent thinking and practice: from “ minting coins “ in his student days, to learning driving and management in the military, to entering large enterprises to engaging in sales … step by step Exercise and improve your various abilities and stimulate your financial quotient potential.
What kind of book is Rich Dad Poor Dad?
“Rich Dad, Poor Dad” is an investment and financial bestseller that has been on the charts for a long time and even has a 20th-anniversary edition. The author of this book is Japanese-American entrepreneur Robert. Robert Kiyosaki, the rich dad series of books has been translated into 51 languages worldwide and sold more than 41 million copies.
Author Robert Kiyosaki grew up in Hawaii, and his financial values were guided by two fathers, his biological father, “ Poor Dad,” and his neighbor’s father, “ Rich Dad .” Two dads have very different views on money, and Robert Kiyosaki lets readers revisit this memory with him through the story of one poor and one rich.
The narrative style of this book is very fascinating. It starts with the author’s childhood story and talks about his various experiences of going out of society and starting a business.
The book challenges ordinary readers to receive financial education from “ middle-class families “, and describes the “ rich “ thinking mode in the tone of a rich dad. I have even heard many people call this book a book of financial enlightenment.
Why should I read this book?
In my opinion, the most important role of books is not to tell us what to do but to teach us to make choices, to let us know what to choose and what not to choose, and Rich Dad Poor Dad is such a book.
Rich Dad Poor Dad author Robert Kiyosaki had two dads:
A father, smart and learned, with a Ph.D., is a highly educated education official but has been in financial difficulties for many years
A dad, who didn’t even finish eighth grade, left a fortune to his family, charities, and church to become one of the richest men in Hawaii.
Both dads are successful, charismatic people, yet their financial successes are very different, and they both give the author a lot of meaningful advice, and their advice is very different, that’s why what?
The author spends a lot of time in the book thinking about why there are two very different proposals, why they do it, what the thinking behind it reflects, and so on.
Book Summary: Rich Dad Poor Dad by Robert T. Kiyosaki
When I was working, a friend who was very good at financial management bought 7 or 8 suites before 2008, so after 2008, when the housing prices soared, he rented out several of them. The monthly rent received was several times his already high salary. They would chat and say: If you want to get rich, you can’t rely on work.
After working for so many years, because of the nature of work, I have seen many companies and contacted many entrepreneurs, so I often have opportunities that are not often found in other occupations. In the process of dealing with entrepreneurs, I look at wealth from the perspective of entrepreneurs, Combined with the idea of looking at wealth as an ordinary employee, many ideas have found resonance in this book.
1. Positive outlook on wealth.
Many of my classmates and I followed the path set by the author’s poor father, became high-achieving students all the way, and finally got a degree recognized by society, but in this process, the concept of wealth was not clear. At the time of graduation, I felt that I could get an offer of 100,000 a year and I was simply satisfied.
This is really what the author said: So many talented people are underpaid. Only when we entered society did we realize that this ideal was actually insignificant compared to the hard work we had put into our studies. We actually spared a big circle, thinking of being a quality talent, finding a glamorous career, and earning a good salary.
But in the final analysis, the endpoint is still a good income. If you put your talent and energy directly into the goal of making money, you may find the most direct path forward at a different speed. Several of my classmates understood this very early. When they were in school, they directly started a clothing company. Now they are on the road to realizing financial freedom.
2. Work does not produce wealth.
The so-called work cannot generate wealth, it is relative. Work does not give workers wealth commensurate with the value they actually create. Marx explained this very incisively in “Das Kapital”.
The laborers sell undifferentiated labor, but the capitalists pay the laborers much lower than the actual value of general labor, thus exploiting the laborers’ surplus value…
Aside from the class nature point of view, the above theory is also valid in the actual operation of the company. If the laborers cannot bring additional value to the enterprise, why should the company hire these people?
Even those occupations with higher incomes, such as lawyers, doctors, and investment banks, get higher incomes because they have some hard-to-obtain knowledge and skills, but relative to the value they create, they are relatively low.
Therefore, how to correctly price your labor and get the due return for all your efforts?
The author’s point of view is to “Mind your own business” and encourage people to devote energy to doing things that are beneficial to their wealth growth, such as starting a company, doing industrial investment, financial investment, etc.
These methods may not be suitable for real social ecology, but the point is important: work can cause people to fall into a rat race, and life enters a cycle of paying bills to support their families.
3. the correct consumption concept.
The author said that people all have desires. Because of greed, they have to work and satisfy their material desires, but material satisfaction can only be temporary, and their appetites will increase, so they want more. I think that’s an accurate exposition of human nature. The question is, what is the difference between the consumption of the poor and the rich?
Take my colleague as an example. He went on a trip abroad and spent more than 400,000 dollars on shopping. This is enough for three to four ordinary families for a year, but it is not a burden for him. The rent and the income brought by the purchase of financial assets are much more than this, so in the same year, he bought himself a luxury car.
I also know some girls who have just graduated a year or two. They spend two or three months frugally, just to buy an LV bag for themselves, and then they are reluctant to put them on the security check machine when they cross the subway for fear of getting dirty.
This is the difference between the consumption of the rich and the poor: the rich do not have to consider the impact on their financial situation, while the poor do the opposite, buying luxury goods and the like to create the illusion of their own purchasing power. Think about it from another angle. If it is not the second generation, everyone is poor.
At this time, save more money and use it for investment, whether it is to improve your comprehensive ability or to buy real estate or financial products, not for consumption. , ten years later, the results are completely different. Consumed products may have been lost physically long ago, and the joy they brought has long since passed. If you invest, it may be a small fortune at this time.
4. Give up the illusion of finding a safe occupation.
Of course, the author is talking about capitalism of all evils. No company can last forever, and no company can guarantee that you will not leave one day. In this financial crisis, capitalism has revisited these stories again: auto workers in Detroit in the United States, investment bankers in the City of London in the United Kingdom, and industrial workers in Shenzhen, China…
The most embarrassing fact is that perhaps Dedicated youth in an enterprise, no longer young, one day I found that the position I was engaged in had become a sunset industry and lost my job. At this time, I had to start from scratch and compete with the 20-year-old boys who graduated.
Civil servants and employees of state-owned enterprises seem to be very safe for now. However, a sense of security can never be given by others, which is common in doing business and in relationships. The sense of security given by others can only be an illusion of self-deception.
5. Rich people make money.
The rate of return on capital is much more “expensive” than people. A well-educated, hard-working young man can earn 200,000 dollars a year in a first-tier city, which is not bad. If you consider the huge amount of money the family spends raising this young man, the return on this income is not high.
However, for financial assets, a return of 10% a year can only be considered common. The wealthy have a large number of assets, and they can also access many channels that ordinary people cannot reach or pay attention to, and find a channel for rapid appreciation of their capital.
6. To acquire wealth is to create value for others.
The process of acquiring wealth is actually the process of creating value for others. In layman’s terms, it is to make a cake of wealth. Since you have the ability to make such a cake, you naturally have the right to share a part of it.
Being poor is a concept, of always thinking “I can’t do this” and “I can’t do that”. It is these self-imposed shackles that completely hamper a person’s ability to pursue wealth.
In our society, there are many not free, but only for the pursuit of wealth, there are really not so many “can’t” restrictions, replace these “can’t”, always think about “how can I do this”, “how can I do that”. Be a positive thinker and doer. Material wealth originates from profound ideology, spiritual enrichment, and appraisal of will.
Book Review: Rich Dad Poor Dad by Robert T. Kiyosaki
One of the main reasons why the rich are getting richer, the poor are getting poorer, and the middle class is always struggling in the quagmire of debt is their concept of money Not from school, but from family.
Chapter 1 A person’s ideas have a huge impact on his life.
One dad said “I can’t afford it” and the other forbade it. He said, “How can I afford it?” The two sentences are a declarative sentence and a question sentence; Rich dad used to say, “The more you use your head, the more you make more money.” In his opinion, saying things like “I can’t afford it” is a form of mental laziness.
Although both dads work very hard, I’ve noticed that when it comes to money problems, one dad always finds a way to solve it, while the other dad is used to going with the flow. In the long run, one dad’s financial ability is stronger, while the other’s financial ability is getting weaker and weaker.
“The rich should pay more taxes to take care of the less fortunate” vs “Taxes punish diligence and reward laziness”
“Study hard to get a job in a good company” vs “Study hard and find and be able to acquire a good company”
“I’m not rich The reason is I have kids” vs “The reason I have to be rich is that I have kids”
“Be careful when making money and don’t take risks” vs “Learn to manage risk”
“Our family’s house is our biggest investment and asset “ vs “Our house is a liability, if your house is your biggest investment, you’re in trouble”
I believe that the government will care about you and meet your requirements. Care about things like raises, retirement policies, medical benefits, sick leave, paid vacation, and other perks. Love the life program that leads to a stable career through a college education.
For him, labor protection and job subsidies sometimes seem more important than the profession itself. vs Believes incomplete economic independence and opposes the “take it for granted” mentality that creates a population of weak, financially dependent people. He advocates competition.
Saving hard vs. investing constantly
teaches you how to write a great resume to land a good job vs. teaches you to write an ambitious career and financial plan to create an entrepreneurial opportunity.
“I’m never rich”; “I’m a rich man and rich people never do” vs “The difference between poor and bankrupt is: Bankruptcy is temporary, poverty is permanent”
“I’m interested in money Not interested” “Money doesn’t matter to me” vs “Money is power”
Want to study hard, get good grades, get a good job that pays well, be a professor, lawyer, or accountant, or do an MBA vs study to earn money, to understand the laws of motion of money and make this law of motion work for me. “I don’t work for money” “Money works for me”
Money is power, but even more powerful is education about financial management. Money comes and goes, but if you understand how it works, you have the power to harness it and start building wealth. The reason for just thinking about it is that most people have not mastered the real working laws of money after receiving a school education, so they work for money all their lives.
Summary:
- The reason why the rich are rich is that their attitude toward money is very important.
- Rich people are always willing to solve problems rather than compromise;
- Rich people are willing to take risks;
- Rich people understand how money works.
Chapter 2 Rich people don’t work for money (turn passive into active)
“If you understand the big lesson of life, you can do anything with ease. But even if you can’t learn it, life will still push you around. So in life, people usually do two things, some people live While pushing themselves to turn around, seize every opportunity that life gives, and some people let life dictate and don’t fight against life. They complain about the unfairness of life, so they hate their boss, work, and family. Not knowing that life also gives them opportunities.”
“If you’re the kind of person who doesn’t have perseverance, you’ll give up every push from life to you. That way, you’ll live your life steadily and without doing anything wrong, Always be ready to rescue yourself when something never happens and then die of boredom.
You will have many friends just like you and want to live a stable and unmistakable life. But the truth is, you give in to life and don’t take risks. You do want to win, but the fear of losing outweighs the excitement of success. The truth is, deep down, you always think you can’t win, so you choose stability.”
“It’s easier to change yourself than to change others.”
The poor and the middle-class work for money, and the rich make money working for them.
True learning takes energy, passion, and fervent desire. Anger is an important ingredient because passion is a combination of anger and love. When it comes to money, most people want to earn it safely, they rarely have the passion to make money, so they have to have the fear of not having money.
“Get up, go to work, pay the bill, get up again, go to work, pay the bill…their lives are endlessly chasing these two feelings: fear and greed. Give them more money, and they Repeat the cycle with higher spending. This is what I call a ‘rat race”
“They don’t try to discern the truth, they don’t think, they just react to feelings. They get scared and go to work hoping the money will do it. Get rid of fear, but money can’t get rid of fear. So fear chases them, and they have to go to work again… Fear makes them fall into the trap of work, earn money — work — earn money… Money rules their lives, they refuse to tell the truth, money controls their emotions and their souls.”
“Keeping your mouth shut about money is as much a mental illness as being dependent on it.”
“I’ve met a lot of people who say they’re not interested in money, but they work 8 hours a day and keep complaining about being boring. If they’re not interested in money, why bother with a job they don’t like? This kind of person is better than making money. People are sicker.”
“People need to have feelings, it makes us real, and the word emotion expresses the drive to act. See your feelings for real, use your mind and feelings in the way you like, not with Do it yourself.
Watch your emotions carefully, don’t rush into action. Most people don’t understand that their emotions take the place of their thoughts, that emotions are emotions, and you have to learn to think for yourself.”
If you don’t control your fears and desires first, even if You have money, you are nothing more than a high-paid slave. “
The main cause of poverty and financial problems is fear and ignorance, not the economic environment, the government, or the wealthy. Your own fear and ignorance make it hard to extricate yourself, so you should go to school and get a college education, and I teach you how not to fall into the trap. “
From now on, it is important for you to use these feelings for your long-term benefit and not let your feelings control your mind. Most people let their fear and greed rule them, which is The beginning of ignorance.
Because of fear or greed, most people live in earning wages, raises, and labor protections, without asking where the path of life leads to where this emotion dominates the mind.
“Intensifying fear and desire is a manifestation of ignorance, which is why many rich people are often afraid. Money is carrots and people are phantoms. If the donkey could see the whole image, it might reconsider whether to go after the carrot. “
Once a person stops seeking knowledge and information, she becomes ignorant. Therefore, one needs to constantly struggle with oneself: whether to open one’s heart by learning, or close one’s mind.
“In a country with high levels of education and government Prices don’t go up in a well-managed society, they should actually go down, the reason for the price going up is greed and fear caused by ignorance.
“Business schools are better at making accurate and cheap ‘calculators’, they can’t do great things. All they do is look at the numbers, fire people, and screw up the business, all they think about is lowering costs and raising prices, In fact, it creates more problems. The calculation is important, and I hope more people know how to calculate, but it’s not everything.”
Learn to let your emotions follow your thoughts, not your thoughts.
How we think and not just react to emotions. Don’t solve your problems by getting up to work because you’re afraid you won’t have the money to pay your bills. Are you going to take the time to think about such a problem, and is working harder the best way to solve it?
Many people are afraid, to tell the truth, themselves. They are so overwhelmed by fear that they dare not think, so they go out and look for work because fear rules them.
I always hear things like, ‘everyone has to go to work’, or ‘rich people are liars’, ‘I’m going to change jobs’, ‘I deserve a higher salary, ‘you can’t be at your mercy’ Me’, ‘I like this job because it’s settled’ instead of saying, ‘Have I lost something, so as to save you from being emotional and giving you time to think carefully.”
I have to admit, this Really important lesson in knowing when a person is expressing feelings rather than expressing clear thoughts. This lesson has benefited me for the rest of my life, especially when my words, too, came out of reaction rather than reflection.
You will see what others cannot, and the opportunity is right in front of you. Most people don’t see this opportunity because they’re too busy looking for money and security, so they’re limited in what they get. When you see an opportunity, you have learned and will continue to find opportunities throughout your life.
Summary:
- Don’t be pushed by life, but try to take the initiative.
- Thoughts control emotions.
- Don’t follow suit, learn more, and think more.
- When encountering things, you can’t just look at the surface and think more than others. (See “what I wish I knew when I was 20”)
Chapter 3 Why teach financial knowledge
Our wealth escapes inflation and keeps increasing. I guess that’s financial freedom. Assets have grown enough to grow in value, like planting a tree, you water it year after year, and one day it no longer needs your care and can grow on its own. Its roots are deep enough that you can now enjoy its shade.
I think too many people still focus too much on money rather than their greatest asset — their education. If people are flexible, keep an open mind, and keep learning, they will get richer day by day through these changes.
If you think that money can solve all problems, I am afraid that these people will not have a good time. Knowledge solves problems and creates wealth, and money not earned with financial knowledge will soon disappear.
You must understand the difference between assets and liabilities, and buy as many assets as possible.
“The rich get assets, and the poor and middle class get debts, but they think those are assets.”
The “KISS” principle, or the “Stupid Financial Principle” (Keep It Simple Stupid).
“It’s not words but numbers that define assets. If you can’t read numbers, you can’t discover and identify assets.” “In accounting,” he continued, “it’s not numbers that count, it’s numbers that tell Your stuff. Numbers are not words, but like words, they tell you what it wants to tell you.”
“Assets are things that put money in your pocket” Liabilities are taking money out of your pocket thing.
If you want to get rich, just keep buying assets throughout your life; if you want to be poor or middle-class, just keep buying liabilities. It is precise because people do not know the difference between assets and liabilities people often buy liabilities as assets, causing most of the world’s people to struggle with financial problems.
The rich are rich because they are more knowledgeable in a certain area than those struggling financially, so if you want to get rich and keep your wealth, financial literacy, including an understanding of words and numbers, is very important.
Money often exposes the weaknesses in our human nature, and money cannot hide our ignorance. That’s why so often someone who suddenly gets a big windfall, like an inheritance, a raise, or a lottery win, loses it quickly — and some people are even worse off financially than they were before they got the money.
Money just makes the flow of the cash flow diagram in your head more obvious. If your cash flow diagram is to spend all your income, then the most likely result is to increase your income and also increase your expenses. As the saying goes: “Money fools people”.
They work hard but make no progress, they are taught not how to make money but how to spend it, which creates what is called a financial attitude — what do you do when you make money? How to prevent others from taking money from you? How long can you have this money?
How do you make money work for you? Most people don’t understand why they’re in financial trouble because they don’t understand cash flow. A person may be highly educated and have a successful career, but also be financially illiterate. Such people tend to work harder than they need to because they know how to work hard but don’t know how to make money work for them.
The Japanese focus on three powers: swords, gems, and mirrors.
- The sword symbolizes the power of the weapon. Americans have spent hundreds of billions of dollars on weapons and are the world’s military superpower.
- Gemstones symbolize the power of money. As the adage goes, “Remember the golden rules: those who have the gold make the rules.”
- The mirror symbolizes the power of self-knowledge. In the eyes of the Japanese, self-knowledge is the most precious of the three powers.
Many people think speaking in public is scarier than dying. In psychiatry parlance, the fear of speaking in public is the fear of being ostracized, the fear of standing up, the fear of being criticized, the fear of being wrong, the fear of being expelled.
In short, the fear of being different from others results in preventing people from thinking of new ways to solve problems.
It is only when they look in the mirror that they discover the truth that most people talk about as “stable” out of fear. Other things can also be seen clearly through the mirror, such as sports, social relations, career, and money.
Most people’s financial troubles are caused by simply following others. So we all need to look in the mirror from time to time to trust our inner wisdom and not just fear.
He hates words like “We have to do it because everyone else does it,” and he hates the word “can’t.” If you want him to do something, an effective way is to say to him, “I don’t think you can do this.”
“Smart people always hire smarter people.”
“Schools make good employees, not good employers.”
The biggest loss is the loss of opportunity. If all your money is invested in the house, you have to work hard because your cash is constantly flowing out of expenses instead of into assets, which is a Typical middle-class cash flow model. What is the right way to do it?
If a young couple puts more money into their assets sooner, they will have an easier time in the next few years, especially if they are ready to put If the kids go to college, because the investment in the assets will make their assets continue to increase and automatically cover the expenses.
And the practice of investing in a big house first is just taking out a mortgage to pay for the rising expenses, as a result, But it’s just tearing down the east wall to make up the west wall.
Deciding to own a very expensive house instead of starting securities investment early will have an impact on a person’s financial life in the following three aspects:
- Losing the opportunity to use other assets to increase value
- Capital that could have been invested will be used to pay for various high, long-term expenses on the house
- Loss of educational opportunities. People often include their houses, savings, and retirement plans among their assets.
The middle class finds itself always struggling with financial problems. Why? The main income of the middle class is wages, and when wages increase, so do taxes, and more importantly, their propensity to spend increases with income. Increase with equal increase.
Reasons why the average middle class is forced to avoid risk. They have to operate safely because their economic position is weak: their balance sheets have never been balanced, they have a lot of debt, and have no real assets that can generate income. Their source of income is just their salary, and their lives depend entirely on their employer.
Net worth usually includes those non-cash assets, like the stuff you buy back and pile up in your garage. Wealth is a measure of how much your money is making, and how much your financial viability is.
Wealth is determined by comparing the cash flow generated under assets with the cash flow outflow under expenses.
- The rich buy assets;
- the poor only spend;
- the middle class buys liabilities they think are assets.
Summary:
- Our most worthy investment is our brain. Education is the means;
- Understand the difference between assets and liabilities, and buy assets as much as possible;
- Financial knowledge is important, numbers can tell you what’s under the surface, learn to build the correct cash flow chart;
- Don’t be afraid to be different. Think more, dare to publicize the results of your thinking, and don’t be afraid of making mistakes or being criticized;
- Do more introspection;
- Pay attention to your time and energy, the opportunity cost is very important;
You May Also Like: Book Review
The Queen’s Gambit by Walter Tevis
- Book Review: The Queen’s Gambit by Walter TevisThe Queen’s Gambit is a novel about an orphan named Beth Harmon who discovers her love for chess, which helps her escape her surroundings. She had a natural gift to envision the game and go through all its permutations in h…
Robinson Crusoe by Daniel Defoe
- “Robinson Crusoe” is a novel by the British writer Daniel Defoe. The book was first published on April 25, 1719. This novel is considered to be the first novel written in English in the form of a diary and enjoys the title of Britain’s first realistic novel. The main st…
Great Expectations by Charles Dickens
- Book Review: Great Expectations by Charles DickensCharles Dickens (1812–1870) was a British novelist who created 14 novels, many novels, short stories and essays, travel notes, dramas, and sketches in his life.”Great Expectations” (also known as “Blood and Tears”) is on…
Northanger Abbey by Jane Austen
- “Northanger Abbey” is a novel written by the British female writer Jane Austen. This novel is different from Austen’s other novels. In “Northanger Abbey”, Catherine is not A smart woman, but a young woman who has grown up gradually in the process of life experience. The…
Persuasion by Jane Austen
- “Persuasion” is the last complete novel by the British female writer Jane Austen. It is written with more thought and emotional depth than the previous works and is regarded by many critics as Austen’s best work. The author lashes out at the hypocrisy and snobbery of th…
David Copperfield by Charles Dickens
- Introduction: David Copperfield by Charles Dickens Book ReviewDavid Copperfield is the story of a young man’s adventures on his journey from an unhappy and impoverished childhood to the discovery of his vocation as a successful novelist. Among the gloriously vivid cast…
Gone with the Wind by Margaret Mitchell
- Book Review: Gone with the Wind by Margaret Mitchell One of the most complex emotions in human nature is love, and “Gone with the Wind by Margaret Mitchell” uses the image of the protagonist Scarlett very well to describe the love story that happened during the American…
The Great Gatsby by F. Scott Fitzgerald
- Book Review: The Great Gatsby by F. Scott Fitzgerald “The Great Gatsby”, the top work of American writer Fitzgerald, has long been a world classic and has been respected by a group of famous writers such as Haruki Murakami.The reason why it has become a classic is that …
Emma by Jane Austen
- Emma by Jane Austen Book Review, Quotes, Summary, Characters, and Analysis. EMMA is one of the most influential classic novels of the 19th century, edited by the famous British writer Jane Austen. The protagonist Emma is a beautiful, intelligent, and wealthy girl, and s…
Educated: A Memoir by Tara Westover
- Book Review: Educated: A Memoir by Tara Westover Can someone who has never been to school since childhood get admitted to Cambridge University? And also become a Ph.D. Introduction of Educated: A Memoir by Tara Westover. Reality can bewilder and be more inspirational th…
Anne of Green Gables by L. M. Montgomery
- Book Review of “Anne of Green Gables by L. M. Montgomery” A World Classic Every Girl Should Read Introduction of Anne of Green Gables by L. M. Montgomery. A children’s literature for all ages, it tells the story of unmarried siblings Matthew and Marilla living in Green …
Wuthering Heights by Emily Brontë
- Wuthering Heights by Emily Brontë — Book review, Summary, Characters, Analysis & Quotes Emily Brontë, the author of Wuthering Heights (1818–1848), an English writer and poet, was one of the three Brontë sisters. Published a self-published poetry collection in 2009, focu…
Jane Eyre by Charlotte Bronte
- Jane Eyre by Charlotte Bronte — Book review, Summary, Characters, Analysis & Quotations Jane Eyre is a classic handed down in the history of British literature. It has successfully shaped the first British literary history to adopt an independent and proactive attitude …
To Kill a Mockingbird by Harper Lee
- Book Review: To Kill a Mockingbird by Harper Lee To Kill a Mockingbird is a novel by American author Harper Lee published in 1960. The novel tells the story of a young man named Tom Robinson who was falsely accused of rape because he was a black man. Defense attorney At…
Atomic Habits by James Clear
- Book Review: Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones by James Clear Introduction of Atomic Habits by James Clear. People often think that your life can only change if you set big goals. But world-renowned habit expert James Clare found …
Man’s Search for Meaning by Viktor E. Frankl
- Book Review: Man’s Search for Meaning by Viktor E. Frankl Every suffering is the meaning of life. Find worthy goals, choose your own life, and explore the purpose and meaning of life. Introduction of Man’s Search for Meaning by Viktor E. Frankl. What is the meaning of l…
The Alchemist by Paulo Coelho
- Book Review: The Alchemist, 25th Anniversary: A Fable About Following Your Dream by Paulo Coelho The Alchemist by Paulo Coelho is the most realistic fairy tale. I felt lucky to read this book when I was the most confused in my life. The first thing that struck me deeply…
How to Win Friends and Influence People
- Book Review & Summary “How to Win Friends and Influence People” by Dale Carnegie “How to Win Friends and Influence People” is Carnegie’s most successful inspirational classic, which brings together the most essential parts of Carnegie’s ideology. The book was first publ…
Think and Grow Rich by Napoleon Hill
- Book Reviews: Think and Grow Rich: The Landmark Bestseller Now Revised and Updated for the 21st Century by Napoleon Hill Introduction of Think and Grow Rich by Napoleon Hill. Think and Grow Rich is the representative work of the American successful scientist and writer …
Start with Why by Simon Sinek
- Book Review: “Start with Why: How Great Leaders Inspire Everyone to Take Action” by Simon Sinek: Belief first, unity of knowledge and action. This book articulates a “Start with Why” and “Why to What” mindset — any external behavior pattern is determined by internal val…
Zero to One by Peter Thiel, Blake Masters
- Book Review of Zero to One: Notes on Startups, or How to Build the Future by Peter Thiel & Blake Masters Introduction of Zero to One by Peter Thiel, Blake Masters. Peter Thiel, the founder of Paypal in the United States, is known as a thinker in the investment world and…
The 7 Habits of Highly Effective People
- Book Review: The 7 Habits of Highly Effective People: Develop these 7 good habits to make your life go uphill Introduction of The 7 Habits of Highly Effective People by Stephen R. Covey In The 7 Habits of Highly Effective People, author Stephen R. Covey presents a holis…
Rich Dad Poor Dad by Robert T. Kiyosaki
- Book Review: Rich Dad Poor Dad by Robert T. Kiyosaki The book I want to introduce today is so famous and that is Rich Dad Poor Dad by Robert T. Kiyosaki, how big is it? Almost no one knows about my colleagues and friends.The official sales data is that the total global …
The Four Agreements by Don Miguel Ruiz
- Book Review: The Four Agreements: A Practical Guide to Personal Freedom (A Toltec Wisdom Book) by Don Miguel Ruiz Introduction of The Four Agreements by Don Miguel Ruiz. What are the four agreements of life by Don Miguel Ruiz? The book “Four Agreements-The Practical Gui…
12 Rules for Life by Jordan B. Peterson
- Book Review: 12 Rules for Life: An Antidote to Chaos by Jordan B. Peterson Introduction of Jordan Peterson’s book 12 rules for life. what are Jordan Peterson’s 12 rules for life? What does everyone in the modern world need to know? Renowned psychologist Jordan B. Peters…
Sense and Sensibility by Jane Austen
- Book Review: Sense and Sensibility by Jane Austen Introduction of Sense and Sensibility by Jane Austen. Although “Sense and Sensibility” is Jane Austen’s first novel, their writing skills are quite skilled. Every plot in the story, though the author’s ingenious …
Pride and Prejudice by Jane Austen
- Book Review: “Pride and Prejudice” by Jane Austen Introduction of Pride and Prejudice by Jane Austen Book. For over 150 years, Pride And Prejudice have remained one of the most popular novels. Jane Austen herself called this brilliant work her “own darling child.” Pride…