Suggested Reading Team: 4-5 days
It is a story of a boy who had two dads, the real dad was poor and his friend’s dad was rich. Throughout the book the author compares the thought process and attitude of both his dads. He effectively brings out the positives and negatives attached with their routine decisions.
The book tries to answer the basic question as to why rich becomes richer and poor becomes poorer. The aim of the book is to spread the significance of ‘financial literacy’ and how important being a financial literate means in our daily lives. What makes the book a good reading experience is that that the author doesn’t stop just by telling about the lessons he learnt from both his dads during childhood but also narrating how he applied those lessons in his life which lead to his own financial freedom. He started by explaining the reasons to maximize one’s assets and minimize liabilities and methods to achieve it. Then went onto explain some of the technical jargon used in finance.
The book is written in simple and logical manner. The author makes clear and rational arguments to prove his point and also suggest readings and games like Cashflow to build one’s financial acumen.
Another Quote from the book: “In school we learn that mistakes are bad, and we are punished for making them. Yet, if you look at the way humans are designed to learn, we learn by making mistakes. We learn to walk by falling down. If we never fell down, we would never walk.”
Contributed by Kritika Shukla