This assignment is about a book called “Rich Dad and Poor Dad” by Robert Kiyosaki. It has a lot of useful information and has some drawbacks. Now I will explain 3 misconceptions mentioned in this book. Firstly, as Robert Kiyosaki points out, it is possible to start a personal life just by getting financial knowledge without going to school. But in reality school serves as preliminary fundament for children to prepare for life. It broadens their horizon and perspective helping them to gain a lot of knowledge through it. For instance, even the Bill Gates and Elon Musk also went to school and with the education they learned at school they both managed to get financial knowledge that paved the way for they to proceed and prosper in their fields relentlessly.
Secondly, another cons of kiyosaki’s work is that in order to get financial education, young people need to study and work at the same time. In many countries, the laws centered on human rights prohibit the employment and use of children. Because this situation may bring with it various bad consequences. For example, they may derive some more negative traits, feeling prematurely as a result of being exposed to the workplace at the early age. And also, parents are not only unwilling to let their young children to drop off school but also they want them to be safe and consume a particular amount of knowledge until they reach to adulthood when they would be able to feel responsibility and make some choices and decisions in the right way in all respects. Studying at school prior to learning financial education would guarantee the prosperity of their own and the country they are in living as well.
Thirdly, in many developed countries such as The United States, Germany, The Great Britain, Russia and Korea bank loans are given at low interest rate. According to Robert Kiyosaki, his advice which is aimed at helping people all around the globe may be applied successfully in sort of these highlighted countries above but in developing countries bank loans have significantly higher interest rate and taxes on deposits are much higher than their counterparts. For instance, in Uzbekistan and some of other Asian countries Robert Kiyosaki’s point about loan may turn out to be somehow useless since they have limited ones with significantly high interest rates.
In conclusion, as coin has two sides, although the work of kiosoki is full of invaluable advice and tips, readers should take the contents into serious consideration.
This assignment is about a book called “Rich Dad and Poor Dad” by Robert
Kiyosaki
. It has
a lot of
useful information and has
some
drawbacks.
Now
I will
explain
3 misconceptions mentioned in this book.
Firstly
, as Robert
Kiyosaki
points out, it is possible to
start
a personal life
just
by getting
financial
knowledge
without going to
school
.
But
in reality
school
serves as preliminary fundament for children to prepare for life. It broadens their horizon and perspective helping them to gain
a lot of
knowledge
through it.
For instance
, even the Bill Gates and Elon Musk
also
went to
school
and with the education they learned at
school
they both managed to
get
financial
knowledge
that paved the way for they to proceed and prosper in their fields
relentlessly
.
Secondly
, another cons of
kiyosaki
’s work is that in order to
get
financial
education, young
people
need to study and work at the same time. In
many
countries
, the laws centered on human rights prohibit the employment and
use
of children.
Because
this situation may bring with it various
bad
consequences.
For example
, they may derive
some
more
negative
traits, feeling
prematurely
as a result
of
being exposed
to the workplace at the early age. And
also
, parents are not
only
unwilling to
let
their young children to drop off
school
but
also
they want them to be safe and consume a particular amount of
knowledge
until they reach to adulthood when they would be able to feel responsibility and
make
some
choices and decisions in the right way in all respects. Studying at
school
prior to learning
financial
education would guarantee the prosperity of their
own
and the
country
they are in living
as well
.
Thirdly
, in
many
developed
countries
such as The United States, Germany, The Great Britain, Russia and Korea bank loans are
given
at low interest rate. According to Robert
Kiyosaki
, his advice which
is aimed
at helping
people
all around the globe may
be applied
successfully
in sort of these highlighted
countries
above
but
in developing
countries
bank loans have
significantly
higher interest rate and taxes on deposits are much higher than their counterparts.
For instance
, in Uzbekistan and
some of other
Asian
countries
Robert
Kiyosaki
’s point about loan may turn out to be somehow useless since they have limited ones with
significantly
high interest rates.
In conclusion
, as coin has two sides, although the work of
kiosoki
is full of invaluable advice and tips, readers should take the contents into serious consideration.