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Rich Dad Poor Dad Book Review

In Rich Dad Poor Dad, Robert Kiyosaki plainly states that anybody can gain wealth. Nevertheless, he cautions that it's harder for the children of the poor and middle classes because they have been taught incorrect principles. Some of these principles include, "attend school and get straight A's so you can go to college and get a steady job with good benefits." These people have been taught to say, "There�s no way I can afford it" instead of asking, "How can I afford it?" There is absolutely nothing in this world that you can't afford. When you truly want something you�ll find a way to obtain it.

One barrier that stands in the way of individuals accomplishing this goal is fear of failure. You are bound to experience failure but you have to turn it into a great opportunity by learning something from it and moving on. There's no rich person who hasn't failed, but, the trick is: when they fall down they immediately stand up again.

A great example of this principle is the Battle of the Alamo. This was a total failure for the Texans. In spite of this, or rather, because they knew the secret of turning a failure into a success, they used the Alamo to stir up the Texans to victory. Even today, more than 150 years later, Texans still talk about the Alamo with pride. And they LOST! Winners aren't afraid of losing. They know that failing is a part of the process and can become a great blessing to them if they treat it as a success.

What we must know is that life is going to be hard, unstable, and filled with failure whether we are rich or poor. You cannot avoid that. Might as well utilize the opportunities life throws at you and run with them. Do not fight against these opportunities! You can be stable and middle class or take a risk and become wealthy. It's your choice.

So what do you do about it? How do you start? Start acquiring some income producing assets. An income producing asset is:

1. A business that does not require you to be there.

2. Stocks

3. Mutual Funds

4. Income-generating real estate

5. Notes

6. Royalties from intellectual property such as music, scripts, patents, etc.

7. Anything else that has value, creates income or appreciates, & has a market.

NOTE: Use of this article requires links to be intact.

To learn more about obtaining wealth please visit our Think and Grow Rich page. Elise Fisher loves writing articles to help others learn more about their Financial Options.

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