Book review || Rich Dad, Poor Dad || It's my Recommendation

Hi steemian!
May Allah Bless you All.
My todays post is about the book Rich Dad, Poor Dad written by Robert T. Kiyosaki which i have finished recently and i think you should also read this book once .It the one of best book i have read.

This book taught me to look at wealth from a different angle than I had before. This book can be read by anybody who wants to help manage their personal finances. It should be a part of your financial education.Robert Kiyosaki is currently the best-selling author of financial literacy books. His most famous book is Rich Dad, Bad Dad, which has sold over 40 million copies worldwide.

I'm happy his books have been transformed into English and Urdu . Financial literacy and personal finance management books are as scarce as hen's teeth. That is why you should read this book as soon as possible.
The book uses narratives and straightforward illustrations and try to capture how Robert learned to handle his money and become wealthy, stretching from his youth to his adult years. There are many ways to become wealthy; however, conventional schooling, which focuses on grades and experience, does not teach us how to take advantage of them.

Robert's childhood is the starting point for the book. His father is a well-respected university professor. His biggest dream has always been for Robert to do better in school and secure a well-paying career.Mike's father, on the other hand, was a local entrepreneur who was surrounded by talented people who worked for him and made him money.

Robert reveals that, despite his wealth, he finds his real father to be the "poor dad" in the novel. He invests all of his money on things that don't add to his income, i.e. liabilities.His father exemplified the consumerist lifestyle: the greater his salary, the higher his expenses for a higher standard of living, a "rat race," as Robert described it.

He, on the other hand, thought his friend's father was a wealthy man, despite the fact that he had never reached his father's level of living. The problem was that he planned to invest his capital in investments that would create more income.

I'd always thought of my car as a valuable possession. However, it was only after reading this book that I realised it was a liability. The car I bought further adds to my financial burden by increasing my premiums, petrol, and other inexhaustible expenses. I've also created a separate blog for this topic.Kiyosaki showed me how to spot real assets that can generate more income. This include, for example, rented real estate, a taxi car, a company that produces passive profits, and stocks.

Monthly mortgage payments, food, auto payments, vacations, and other daily costs are normally covered by middle-class wages. Any money saved is deposited into a bank account or, in the best case scenario, placed in cautious funds with large fees. The middle class still contributes the most to the national budget.The wealthy, on the other hand, continue to amass wealth because they have grown to see opportunities where others do not. They make their money work for them, which raises more profits and causes a ripple impact, with them making more and more money down the track.

This quote sums it all up and is also very close to my heart:
"My rich dad used to say „The key to wealth lies in the ability to convert your salary, as quickly as possible, into passive income or portfolio income because your salary is subject to the highest taxes of all. The passive income is subject to the lowest taxes. That’s another reason why your money should be working for you. The tax on income that you are working so hard for is a lot higher than a tax on income from the money that are working for you."

This book is well worth reading if you want to learn more about how to create capital and discern between liabilities and properties. If you want to read this book you can easily find in PDF form from the following link:
https://www.pdfdrive.com/rich-dad-poor-dad-d136494023.html

Hope you would like this book because good book never make disappointments.

Thank you All