After buying three years ago.., I finally read the book "Rich dad, Poor dad". It is a very easy read. Read during my autorickshaw time between BTM and EGL campus(domlur) during last week...
It gives us two important thoughts:
Assets: "One which creates money for you"
Liabilities: "On which you have to spend money"
Real Estates, Mutual Funds, Bonds, FDs all may come in my assets columns....
House maintenances, Car EMIs all may come in my liabilities column...
He advices us not to spend our income fully.. But to invest... And to spend the money generated from the investments...
These are the few things I learnt from that book.....
One of my colleague commented when we discussed about these concepts. According to him:
" Assets are one which buys you happiness, and liabilities sorrow". We all agreed with his new definitions. A better one indeed.....
Now restarted reading - "The Goal" ( I am now reading that book for the third time).. May be I have started feeling myself like Alex Rugo - the hero in the book... Let me see if i can bring victory like him in the end !!!!! :)
