September 18, 2008

Rich Dad Poor Dad

Rich dad poor dad is the book I would recommend to be one of the basics of personal finance. The why we want you to be rich is also good for starters. What I love about the first book is the mental preparation for being rich. Also, it explains the importance of financial literacy, power of corporation and other business topics.

It starts with an introduction by the author explaining the differences between his rich dad and poor dad. He stresses the mental views and the words used by each dad. Both dads agrees that education is important but of different subjects especially concerning money.

He also stressed the financial habits of he middle class lacking financial literacy. Why they wonder they get so much in to debt. About the power of corporation, there are a lot of advantages of a corporation that an individual could not have especially on taxes.

This is a great book for starters. Preparing the mentality befor going to the how is very important. A great source of inspiration, too.

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