Your suggestion about Financial Literacy Book

Jackelyn Olayon Elgario · Post by **Jackelyn Olayon Elgario** » 14 Mar 2023, 06:39

Do you have any suggestion about the best financial literacy book?

Tamara Bengesai · Post by **Tamara Bengesai** » 15 Mar 2023, 05:34

Rich dad Poor Dad by Robert Kiyosaki. This book changed my perception on how I view savings and investments. Its a great book, give it a try.

Nkosinathi Mkhwanazi · Post by **Nkosinathi Mkhwanazi** » 31 May 2023, 05:35

For me financial literacy is the real education every person in this world should have , I mean how can you accomplish anything in this world without having control of one of the most important thing in this world.If you don't have control of your own money it simply means you don't have control of your life

Misbah Haq · Post by **Misbah Haq** » 18 Jun 2023, 08:53

Robert Kiyosaki is the author of the personal finance and self-help book "Rich Dad Poor Dad". Since its release in 1997, it has experienced tremendous growth in popularity and is still one of the most read and talked-about books in the field of financial education.

The author's childhood experiences and the teachings of his two fathers—his real father, the poor dad, and the father of his best friend, the rich dad—are used as the foundation for this book's lessons. Kiyosaki teaches important financial lessons and insights through the divergent viewpoints of these two individuals.

One of the main lessons to be learned from "Rich Dad Poor Dad" is the value of financial literacy and how it affects one's ability to succeed financially. Kiyosaki emphasises the need to purchase resources that provide income.

Sayali Khokale · Post by **Sayali Khokale** » 14 Aug 2023, 01:48

I think 'The Richest Man in Babylon' is one of the most authentic, easy to read and powerful guide to develop financial literacy. If someone likes to read history book, they will enjoy it even better. It's filled with beautiful stories which make the book's content easy and joyful to read

Hakam Kumar · Post by **Hakam Kumar** » 27 May 2024, 14:10

Rich Dad Poor Dad" by Robert T. Kiyosaki is structured around contrasting the financial philosophies of Kiyosaki’s two father figures—his biological father (the "Poor Dad") and his best friend’s father (the "Rich Dad"). The book aims to challenge conventional financial wisdom and provide a new perspective on money management and financial independence. Here are detailed insights into the core concepts and lessons from the book:1. The Mindset of Wealth Poor Dad's Philosophy:Believes in getting a good education, finding a secure job, and working hard for a steady income.Views money as something to be earned through labor and saved cautiously.Rich Dad's Philosophy:Emphasizes financial education, understanding money, and making it work for you.Encourages investing in assets that generate income and grow wealth over time.Believes in entrepreneurship and creating opportunities for passive income.2. Assets vs. LiabilitiesAssets:Defined as things that put money in your pocket, such as rental properties, stocks, bonds, and businesses.Examples: Real estate investments, dividend-paying stocks, intellectual property (e.g., books, patents).Liabilities:Defined as things that take money out of your pocket, such as mortgages, car loans, credit card debt, and consumer goods.Examples: Personal residence, cars, gadgets, and other depreciating items.3. Financial LiteracyImportance:Emphasizes the need to understand financial statements, including income statements, balance sheets, and cash flow statements.Highlights the significance of accounting, investing, markets, and laws (e.g., tax laws).4. Investment and Entrepreneurship Investment Strategies:Encourages investing in real estate for rental income and property appreciation.Recommends buying stocks, bonds, and mutual funds to diversify and

humanize text
Rich Dad Poor Dad" by Robert T. Kiyosaki is structured around contrasting the financial philosophies of Kiyosaki’s two father figures—his biological father (the "Poor Dad") and his best friend’s father (the "Rich Dad"). The book aims to challenge conventional financial wisdom and provide a new perspective on money management and financial independence. Here are detailed insights into the core concepts and lessons from the book:1. The Mindset of Wealth Poor Dad's Philosophy:Believes in getting a good education, finding a secure job, and working hard for a steady income.Views money as something to be earned through labor and saved cautiously.Rich Dad's Philosophy:Emphasizes financial education, understanding money, and making it work for you.Encourages investing in assets that generate income and grow wealth over time.Believes in entrepreneurship and creating opportunities for passive income.2. Assets vs. LiabilitiesAssets:Defined as things that put money in your pocket, such as rental properties, stocks, bonds, and businesses.Examples: Real estate investments, dividend-paying stocks, intellectual property (e.g., books, patents).Liabilities:Defined as things that take money out of your pocket, such as mortgages, car loans, credit card debt, and consumer goods.Examples: Personal residence, cars, gadgets, and other depreciating items.3. Financial LiteracyImportance:Emphasizes the need to understand financial statements, including income statements, balance sheets, and cash flow statements.Highlights the significance of accounting, investing, markets, and laws (e.g., tax laws).4. Investment and Entrepreneursh ipInvestment Strategies:Encourages investing in real estate for rental income and property appreciation.Recommends buying stocks, bonds, and mutual funds to diversify and