[Review] Rich Dad's Guide to becoming rich

Rich Dad's Guide to Becoming Rich Without Cutting Up Your Credit Cards: Turn "Bad Debt" into "Good Debt"

Just completed this book. Its a very thin book of only about 90 pages. However there was much more information than I had expected!

The book was written from the view point that every possible future we have comes with a 'price'. There is a price for becoming rich, which was simplified to be twice the price of what the average people paid.

Kiyoasaki mentioned many concepts in this short book. Some of these include the importance of education, the importance of a personal financial report and the learning pyramid. He also touch upon some of the differences between the mindset of the rich and the mindset of the poor. One of it was that the rich used the assets to pay for their liabilities.

A major takeaway for me was the concept of the learning pyramid. Kiyosaki pointed out that the learning pyramid had 4 major points; mental, spiritual, physical and emotional, and how these 4 points had to be balanced.

"Fear of failing causes most people to fail" - Rich Dad.
This quote was mentioned in the book. It was an awakening when I read it as I am one who tends to overthink and end up not doing anything. I shall keep this quote in mind whenever I am given an opportunity in the future!

Ulysses Pact - how to prevent your future self from screwing up

Ulysses (aka Odysseus) is a Greek hero and King in Homer's Odyssey which describes his journey home after a long, drawn out war. Along the way, his ship had to pass by the Sirens, whose songs were said entice sailors to change course and suffer a shipwreck. Like any of us, he was curious about the Sirens' songs and he wanted to hear them for himself. But he also wanted to make it back home without a shipwreck. What did he do? Source: Wikipedia As the captain of his ship, he ordered all his men to cover their ears with wax so that they do not get seduced by the Sirens' songs. Next, he made a pact with his men to bind him up on the mast, to ignore his demands of changing the course of the ship while they passed the Sirens and to have their swords on hand in case he breaks free from the mast. They survived the journey passed the Sirens without a shipwreck. This became known as Ulysses Pact or Ulysses Contract - a decision made in free-will today,...

how 2021 started

I ended 2020 with "The Midnight Library", a fiction book about a girl in despair who finds herself in a library filled with infinite possibilities to how her life could be, after an attempted suicide. The plot was predictable, but the journey was memorable. A good reminder that we already have everything we need to become who we want to be. We just need to commit to the goal and have the guts to take on the process. I started 2021 with the docu-film, "Dick Johnson is dead" (available on Netflix), a lighthearted take on the impact of dementia and pending death. "He's a psychiatrist. I'm a cameraperson. I suggested we make a movie about him dying. He said yes." - Kristen Johnson Kirsten Johnson comes up with comical ways her dad would die, in an attempt to help them and their loved ones cope with his pending death. It was funny, intimate and surprisingly intimate. "She kills me. Multiple times. And I come back to life. I...

Big Picture Easy, Execution Messy

It’s easy to see the big picture, really. Read some relevant books, read some articles posted online, read some forum reviews or experience sharing by people in the industry. And almost everyone can become a consultant. Just look at the big picture, spot the obvious gaps, and…yak. Talk is cheap. Execution is what brings in the money. But Execution is messy. There are legacy issues. There are stubborn mindsets. There are cemented SOPs. There are undecipherable data. What makes you special today is the ability to convert your big picture, empty talk into executable actions that bring the results you talk about. But few can do that. Can I?

the subtle lessons

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