Shannon's Blog

This book is the result of the author, Robert Kiyosaki 's life time research. He believes that the US government is controlled by the multinational corporations, which is controlled by the rich people. The rich want us to “Go to school, study hard, get a degree and find a good job.”- the Poor Dad's philosophy. The rich want us to become good employees, so we can work hard for them. Then the government can get paid in the form of tax and our pensions are invested in the stock markets by purchasing the shares of multinational corporations, which makes the rich becoming even richer. Robert Kiyosaki emphasize that financial education is more than important ever in this information age and he states that the rules of money has been changed. New Rule of Money #1: Money is knowledge Today, you do not need money to make money, all you need is good knowledge. The information age has created many young billionaires more than ever before. This includes the founder of Microsoft, Bi...

I read The 7 Habits of Highly Effective People in March 2007, however I loved it so much that I decided to write a review about it this year. This wonderful book is very inspirational and summarises the 7 habits you need as follows: Habit 1: Be Proactive. The difference between people who exercise initiative and those who don't is a 5000-plus percent difference in effectiveness. It takes initiative to develop the Seven Habits and each depends on the development of a person's proactive muscles. Habit 2: Begin With the End in Mind. Imagine that you are attending your own funeral, you saw your family, friends and colleagues were there. What would you like them to say about you? What character, contributions and achievements would you want people to remember about you? This habit has reminded me the of story of how the Nobel Prize was founded. Alfred Nobel was a chemist, engineer and inventor. He amassed a fortune during his lifetime mostly through his 355 inventions in...

The book “Millionaire Next Door” was published in 1996, since then it has surprised many of the people who have read it, and I was certainly not an exception. Just like you , I was surprised to read that in the USA, many millionaire-like people, who live in big houses in posh areas, drive luxury European or sports cars, wear very expensive suits and clothes, go on luxury foreign holidays and send their children to private schools are not necessarily multi-millionaires. These people may be affluent, but they tend to have lower net worth and their lifestyles are based on hyper-consumption. This book revealed that most millionaires are ordinary looking people who could be living next door to you and they are frugal, frugal, frugal. Most of these types of millionaires are self employed business owners, who started their businesses with nothing. You would not easily recognise these people as multi-millionaires as they dress just like you, shop in the same st...