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Rich Dad Poor DadI got Rich Dad Poor Dad as a present since I posted it as one of my wish lists during one of our exchange gifts. I’ve heard a lot of talks about this book and how it helps a lot in breaking the mold of what we used to think would make us wealthy in the end.

When I read it, I got hooked; because I also couldn’t get my head to absorb anything the past days due to lack of brain activity. This is the first book I’ve read in months.

Rich Dad Poor Dad talks about Robert Kiyosaki’s (the author) 2 fathers, which is actually his biological pop, and his friend’s pop. The former believed in the conventional way that for a person to be successful in life, one should study hard and get a degree to get a stable job for security.  The higher the education one would attain, the better the salary; which in turn, will constitute that notion of success. But there was a problem in the end between the organization that he was working for which ended on a sour note since his Poor Dad lost his job; hence the term ‘poor’. The latter, however, was an 8th grade drop out but learned how to make money work for him early. The Rich Dad invested his money into useful deals and let his money grow. In the end, he became a self-made multi-millionaire regardless of his educational attainmentl; hence, ‘rich’.

Don’t work so you can earn, work so you can learn.
What should I do so I can afford it?
Don’t work for money, make it work for you.

Funny how it seems that the words written (well some of them) are also what I used to hear from my father back when we just started working. Not that my father has read the book, cause I don’t see/remember him reading one in the first place.

Such phrases don’t mean much when you’re young. But they make you think twice on what to do with money. Most especially now that I’m earning more than the average income even if I’m an undergrad. Not that the monthly salary that I take home will satisfy me till eternity. Since I also have to contribute to the house, knowing that mom and pop doesn’t have a stable income due to life and starting a family early.

Try to find ways to generate cash even if you’re not physically there.

The idea I’m trying to pursue at the present is also working and earn some more while I’m at it. Growth while I’m not doing anything and to be financially literate. To put to good use the knowledge I’ve acquired through the years I’ve started working. The job that I have is my profession, finding a sideline that will add to that income is what I need to concentrate more.

Going back to the book, differentiating between an asset and a liability in simple terms enlightened me a lot on which is really which.

Asset = money that comes into your pocket.
Liability = money that goes out of your pocket.

It served as an eye-opener for me as to how I should I start spending as well as investing in something that I could make use of in the end. Acquiring income that came from an income. I may sound confusing, but the book really makes it clear. Although it seems that it’s pertaining more into venturing into real estate, and I’m still confused on where and how to start if ever that’ll be part of my plans, what matters are the techniques and the confidence that I should hone so I can make better use of my resources and turn them into profitable ventures.

I used to sell and helped people sell stuff on the floor. Right now, I can’t due to policy changes. I find it funny when people ask me what I have available when I’m not bringing anything anymore.  It makes me smile that they remember me as the businessman who sold goods and food for them to eat at their convenience, and I don’t even look that Chinese.  

Most people are poor because when it comes to investing, the world is filled with Chicken Littles running around yelling, “The sky is falling. The sky is falling.”

After reading the book, a workmate noticed a different aura in me when talking about promotions and our work environment. Most of the time before, I would just complain about our compensation and the people around us; that we never really got enough. But now, I’ve somewhat understood that although money is an important factor, it’s not everything. I can’t believe I’m saying this, but I’m saying it anyway. It’s more on the learning experiences and being exposed to a different side which matters more since I can see it in a different perspective. Bitterness will lead me nowhere except to be more bitter. And if I continue the same attitude, I’ll still end up being the loser. 

The only way to get out of the ‘Rat Race’ is to prove your proficiency at both accounting and investing, arguably two of the most difficult subjects to master.

Sure, I may seem so idealistic and surreal for being such an optimist when in reality, I’m more of the opposite. I may be all talk and all my talks are mostly bull crap, but I can’t help it. It’ll be a daunting task, but I have to set my goals straight and ultimately move forward. It goes with maturity maybe and growth, as well as the desire for change and be more independent.

I highly recommend this book to anybody who wants to just open their mind to different posibilities on how to expand what they’ve got, and to people who want to stop complaining on why the rich gets richer and the poor gets poorer and want to understand the concepts of why this is so.

We’ll see what’ll happen. I’m just maintaining my focus and I don’t want to break the momentum now that I’ve already started.



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soloflightEd.com is a travel blog by Edcel Suyo. He enjoys performing headstands and crazy stunts during his trips in the Philippines, Southeast Asia, and the Middle East. Now based in Dubai, United Arab Emirates and working to earn a living, he takes time to enjoy the city and travel during weekends.
For updates, Like his page on Facebook or Follow him on Twitter.
For questions, advertising, and other concerns, shoot an email to ed@soloflighted.com.


6 comments… add one
  • mybeautifulcomplications

    Hey Eds!

    Thanks for sharing the book.
    Great read and very inspiring..
    been reading to read that for the longest..
    a realization for me too big time when i read the book..
    thanks ulit!
    looking forward to sharing more inspiring reads with you… 🙂

  • mybeautifulcomplications

    Hey Eds!

    Thanks for sharing the book.
    Great read and very inspiring..
    been meaning* to read that for the longest..
    a realization for me too big time when i read the book..
    thanks ulit!
    looking forward to sharing more inspiring reads with you…
    🙂

  • Nicole

    Uhuh…

    Cool book. I’ve heard about this one, but I’m not so sure I should be obsessing about income nowadays. Especially this year, I’m still getting used to the idea that I am a sellout. Bummer.

  • Edcel

    Audrey: no problem Aud! let’s get back to work. hehehe…
    Nuke: Think of income as a sideline first nuke, let’s start the year right. Take care. 🙂

  • I heard good things about this book and I’m planning to save just to buy one!! hehehe

  • Edcel

    Iggy: Had no regrets over it, more so that I got it as a present. hehe

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