A different view of investing
than most people have: it takes a plan to be a successful investor. And a
plan is more than simply buying and selling, or collecting "assets" that
bring in no cash and are thus more akin to liabilities. The way most people
invest, "they might as well be pushing a wheelbarrow in a circle," he
writes. A plan is "mechanical, automatic, and boring," a formula for success
that has worked historically for most of those who've used it.
"I have often wondered why useful and
relevant courses are not taught in our schools such as the importance of
budgeting and balancing a checkbook, dangers of credit card debt, how
compound interest works, and investment choices. I was pleased to discover
in Rich Dad, Poor Dad that Robert Kiyosaki feels the same way. Education has
not kept up with our rapidly changing world and Kiyosaki believes that the
gap between the haves and have-nots in our society is widening. As his book
and ideas get more media attention and widespread discussion, perhaps
educators will take note and promote changes in school curricula to include
courses leading to financial literacy."
Communication is the foundation of
society, of our culture, of our humanity, of our own individual identity,
and of all economic systems. This is why networks are such a big deal.
Communication is so close to culture and society itself that the effects of
technologizing it are beyond the scale of a mere industrial-sector cycle.
Communication, and its ally computers, is a special case in economic
history. Not because it happens to be the fashionable leading business
sector of our day, but because its cultural, technological, and conceptual
impacts reverberate at the root of our lives.
The
stories in the book are entertaining; they are reminiscent of some of the
parables in the Bible, such as the Prodigal Son or the story of the Workers
in the Vineyard. I think this is intentional on the part of the author;
certainly readers in the 1920s had an appreciation for "old fashioned
stories with a moral" that people today seem to have lost. I enjoy the book
greatly, though, and any thoughtful person who reads the book should find it
interesting, especially if they are trying to get their finances in order.
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