Rich Dad Poor Dad

Rich Dad Poor Dad

Few years back, I read this book by Robert T. Kiyosaki

While I was doing spring cleaning, it dropped out from the shelf. Some of the question inside are argueable. Some of undoubtful argreeable.

I totally agreed with what Robert Kiyosaki’s concept on “Key to Financial Freedom” – convert earned income into passive income and/or portfolio income.

In the book, there are three different types of income.
1. Earned Income
2. Passive Income
3. Portfolio Income

Earned income – get Pay for what you work for.
Passive Income – Investment payoff.
Portfolio Income – Paper assets. Stocks, bonds or mutual funds.

Some people say “Go to school, get good grades, and find a safe secure job.”
Some people will say “Let the money work for you”
Both are ways to earn money, but from different perspective. However, solely depends on earned income will get highest tax compare to the other two income sources.

My Personal conclusion is – Learn how to use money. Not how to earn money.
With your earned income, learn how to divert your income to passive or portfolio income.

for more information, please go buy the book from mph or borders.