There are many of those books floating around on how to make money, spend money, invest money...mostly it's a lot of fluff. Rich Dad, Poor Dad was recommended to me by my dad and brothers as something that changed their way of thinking. The book really challenged the reader to understand accounting and how money works - this I applaud. Too many authors focus on what the person can do for their money versus what their money can do for them. The book was broken up into multiple "lessons," each built onto the previous. While I think an updated book based on the market today (versus in the 90's when the book was published) would be much more applicable and some of his examples seemed a little "too simple" for what an average investor could do; I do believe the basic understanding is important. Learn how money works, taxes work, learn to think like a rich person before you become a rich person. Isn't that true of most things in life? Want to be promoted? Already perform at the level you want to be promoted to. It's important to look at it as mind over matter, we have the power within us to change our life, our jobs, our finances. You don't have to become a millionaire (and frankly, you probably won't) but you can at least allow your money to work for you.
No comments:
Post a Comment