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What Schools does not teach you

Want to learn money cycle?

By Moeez AhmedPublished 2 months ago 4 min read
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What Schools does not teach you
Photo by Josh Appel on Unsplash

"Rich Dad Poor Dad" is a personal finance book written by Robert Kiyosaki that has become a bestseller and has had a profound impact on many readers. The book is written in the form of a memoir and shares the story of Kiyosaki's upbringing and the lessons he learned from two fathers - his biological father, who was a highly educated government employee, and his friend's father, who was an entrepreneur and investor.

The book challenges traditional ideas about money and wealth and offers a fresh perspective on financial independence. Kiyosaki argues that the key to building wealth is not to work hard for money, but to have money work hard for you. He emphasizes the importance of financial education, stating that the education system often fails to teach people how to manage money effectively.

One of the central ideas in the book is the concept of assets and liabilities. Kiyosaki defines assets as anything that puts money in your pocket, while liabilities are anything that takes money out of your pocket. He encourages readers to focus on acquiring assets and reducing liabilities, rather than on accumulating material possessions.

Another key concept in the book is the importance of entrepreneurship and investing. Kiyosaki argues that starting a business or investing in real estate or the stock market can provide a path to financial freedom. He encourages readers to take calculated risks and to view failure as a learning opportunity.

One of the most compelling aspects of "Rich Dad Poor Dad" is the way it challenges traditional beliefs about money and wealth. Kiyosaki argues that many of the assumptions we make about money, such as the belief that a college degree guarantees financial success, are simply not true. He encourages readers to think outside the box and to be willing to take risks in order to achieve financial freedom.

Money is a fascinating concept that plays a central role in our lives. But have you ever stopped to think about how money is made, and why it has the value that it does?

Historically, money has taken many forms, from seashells and beads to gold and silver. Today, most money is created in the form of banknotes and coins, which are issued by governments and central banks. The process of creating money is known as "minting," and it involves a complex system of production, distribution, and regulation.

In the modern economy, the value of money is largely based on the concept of fiat currency. Fiat currency is money that is not backed by a physical commodity, such as gold or silver, but rather by the government's promise to honor its value. This means that the value of money is largely determined by supply and demand, as well as government policies such as interest rates and inflation.

Inflation, in particular, plays a significant role in the value of money. Inflation occurs when the supply of money increases faster than the supply of goods and services, which can lead to a decrease in the purchasing power of money. To combat inflation, governments and central banks may implement policies such as raising interest rates or reducing the money supply.

Another factor that influences the value of money is its use as a medium of exchange. Money serves as a convenient way to trade goods and services, and its value is determined by the collective trust of the people who use it. The more people trust a particular currency, the more valuable it is likely to be.

Despite its importance, money is often misunderstood and misused. Many people view money as an end in itself, rather than as a means to an end. This can lead to an unhealthy obsession with accumulating wealth, at the expense of other important aspects of life. It is important to remember that money is just a tool, and that its value lies in what it can help us achieve, rather than in the money itself.

In conclusion, money is a complex and multifaceted concept that plays a central role in our lives. Its value is largely determined by government policies, supply and demand, and the collective trust of the people who use it. While money can be a powerful tool for achieving our goals, it is important to use it wisely and to remember that its value lies not in the money itself, but in what it can help us achieve.

In conclusion, "Rich Dad Poor Dad" is a thought-provoking and inspiring book that challenges traditional ideas about money and wealth. It offers a fresh perspective on financial independence and encourages readers to take control of their financial future by focusing on assets, reducing liabilities, and investing in entrepreneurship and real estate. While not everyone will agree with all of the ideas presented in the book, it is sure to inspire readers to think differently about money and to take action to improve their financial situation.

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