Tuesday, July 19, 2005

Rich Dad Poor Dad: Will it fit indian economy?

Today I finished Rich Dad Poor dad. Did a lot of thinking and found that book is not for everyone. One need to be have a broad vision. Also this book cant be just applied to every economy. Ideas/Theory explained in books may not suitably fit in economy like India. However it was page turner and also tells us pretty simple things about money. Something like the way we think about assets. How an asset can be prove to be a liability. So got to be very careful while look for an asset. Simple rule in this book is that "Buy an asset where you need to put a minimum money in its maintenance, but it gives a maximum output"

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