Rishi Gupta

I am reading this book from last 2 weeks and iam able to develop my financial knowledge.. This book is based on two father one is highly educated, and other is never finish eight grade. Both dad were successful in their life but one dad struggles financial. Rich Dad Poor Dad is is a personal finance book, which discuss the cash flow of rich class, middle class and the poor class and how they used a money. However the poor and middle class spend their live bearing liabilities instead of asset. The rich are highly focused on building asset which can generate passive income. The poor and middle class have fear, self-doubt and low risk appetite. The rich are Financial intelligence, have courage and high risk appetite. The poor and the middle class they are unaware of liquidity risks, the rich very well known of liquidity risk. Poor and middle class invest there money in one asset and rich diversify investment portfolio in multiple assets which can generate passive income and they are reinvested, which can for the generate more income. The rich take the advantage of taxes the poor and the middle class they are unable to the advantage due to lack of financial knowledge. The main reason people struggle financially is because they have spent years in school but learn nothing about money. The result is that the people learn to work for money but never learn to have money work for them….