My friend recommended this book and I casually took it for a read.
As I went through the pages, the book made me look back and ponder for a while.
Action-no, I still haven’t taken any action based on the contents like any other common man
and so I haven’t gained anything - so far.
Robert brings forth in this book the basic question "Do you wan’t to become rich?"
And yes, I guess we all want to be rich.
In this book, Robert very efficiently and simplistically brings out the reality of why one person is rich and the other poor.
Explaining the difference between a liability and an asset, he categorises the mass into three categories:
Poor - those who neither invest in a liability nor in an asset.
Middle - those who invest in a liability thinking they have invested in an asset.
Rich - those who invest in asset/s.
The book is true in the sense that it fixes the responsibility of becoming rich on the actions of the invidiual who wants to become rich and no one else.
With some of the practical examples that have been listed, the book makes interesting read.
On the negative front, one keeps thinking if one can really do so and achieve it.
To counter this negativity, Robert says that you have to act to achieve the desire.
Nothing more can be true when he says that before paying to the government in the form of taxes, pay yourself.And that makes the core of the teachings.
* Of all the taxes, the real reality is that the rich are not taxed, we always thought so, he proves so.
* McDonald’s is an expert not at burgers but at real estate - seems unreal - but read the book and we start believing it.
* Love new ideas and love action.
* Take a break and assess what is working and what is not working.
* The rich do not work for money, they invent money.
On the whole a dynamic read - recommended for read at least once.