Wednesday, February 18, 2009

Rich dad poor dad 1

Chapter 1

This chapter talk about a comparison between two point of view about the importance of money. This is a history about one young man that have two dads one is rich and other poor, one was highly education and made one university the other never finished the eighth graduation.
This men had contrary financial situation one will be rich and other will be poor way?
Both men were strong, charismatic and work hard all their life and give advices for the young man, that had to analyze and decide how advices to follow.
The problem are that now both men was not rich and poor yet, the differences between they are about the point of view about the subject of the money.
One think that love of money is the root of all evil and other that lack is the root of all evil.
How we can see the men have point of view very different and he have to make one important decision. What way to follow ?
Opportunities come and go. Being able to know when to make quick decisions is an import skill.
One of the reason the rich get richer, the poor get poorer, and middle class struggle in debt is that the subject of money is taught at home, not in school.
How one person that don’t have a good vision about how to work with money, can give good advices.
So what can a poor parent tell their children about money, if they don’t know how to win.
They say study hard my son. The problem is that the school focus about to prepare people to follow one career and don’t give financial skill.

Wednesday, February 11, 2009

Rich dad poor dad 1

We have been living in a word where a lot of things have been changing quickly in the last decades, but our think about how to win the life in this word, never change. We need to study hard if we want to have a good chance, to find a good job and consequently earn a good salary.
The book start with this question. Does school prepare children for the real word?
The goal of the great majority of parents are give to theirs kids the opportunity to study in a good school and made a university in the future, because we believe that is the best way to win in the life.
We hope that their achieve success in their career, and have a bright future, for that we spend a lot of money with good school, although some time the results don’t attend our expected.
The task isn’t easy for the parents that need to motivate the kids day bay day and to children that need to study hard.
This is the classical way, but we have a good examples of big rich people that win a lot of money and don’t study a lot, Madonna, Bill Gates, Ronaldinho, President Lula etc.
The challenger for the parents several times have been becoming big, because people that win in the life contrary of the traditional way give power to kids to question if the effort will be rewardable.
After all effort for both parts finely the great moment happen, children graduate and now try to made exactly what was programmed, looks for a safe secure job.
After they start to spend money, go to place where other young people frequent, start to date, and get married. One new cycle restart again, buy a house, car, take vacation an have a kid etc.
After that the responsibility rise and they need to dedicate more to the job because they need to earn more money, because expend more and need to pay more tax too.
To resume they become a slave of the system, and in the future transmit this to their kids.
I agree we live in a time that the things happen vary fast and a career that made success today in the future can be obsolete.