Richard Harrison Memphis writes…
What is This Blogpost About?
If you exist in the United States, you have probably heard of Rich Dad, Poor Dad. It is a popular book.
I took the time to read it. I found it useful. Perhaps, there was popularity that was evidence enough it was great, and that I should have read it immediately, when one of my best friends told me about how great it is, back in the 2000s.
Things I Learned from the Famed Financial Literacy Book
- Middle and lower class people think that if they get a better job that earns more money, they can afford to buy the home they want.
- Lower class people think if they earn some money, it is time to buy something with it. For example, people buy cars.
- The thing is, these classes depend on their wages for paying for everything. There is no passive income to some. There is no entrepreneurial income in these classes.
- When the small-figure money from jobs is taken away, panic sets in for the middle class. When the economy goes down, people panic.
- Instead of starting a business and earning more, people work. Instead of starting a business, people go to college and get jobs that keep them working hard for someone else.