Finance and Economics

Rich Dad, Poor Dad
Chapter 1
Robert Kiyosaki

-"the subject of money is taught at home, not in school."
-The poor dad would tell him "I can't afford it." and the rich dad would say "How can I afford it?"
-When you ask "How can I afford it?" it puts your brain to work, but it's lazy when you say "I can't afford it."
-The rich dad believed his brain got stronger everyday.
-One dad said "The reason I'm not rich is because I have kids."  The other said "The reason I must be rich is because I have you kids." The one dad liked to talk about money at the table and the other hated to.
-The one dad said "Learn to manage risk." but the other said "don't take risks."
-The poor dad said "Money doesn't matter." but the rich dad said "Money is power."
-The book shows how one person can become poor, and another could become rich.

In this book, Robert Kiyosaki explains that he had two dad and how one of them became very rich, while the other became very poor. One reason that supports the main idea is the rich dad became rich because he thought how can I make money. Another reason that supports the main idea is the poor dad became poor because he never took financial risk and wasn't as motivated to become rich. Finally the author gives the example of how each of his dads had similar wealth, but the poor dad sank deeper and deeper into dept and the rich dad got more wealthy to support the main idea. These ideas are similar to Africa, because the wealth was unevenly distributed.