Review Of Literature: Reterre Young Retire Rich By Robert Toru Kiyosaki
Student name : Vanessa Valentine Udi
Review of Literature : Retire Young Retire Rich
The book Retire Young Retire Rich was written by Robert Toru Kiyosaki, an American entrepreneur, an investor and a financial literacy activist. He had a wide range of business and investment including mining, real estate, oil wells, solar company and also financial market. In the year 1997, Robert and his wife Kim Kiyosaki founded a financial education company, The Rich Dad Company. They are also the creators of CASHFLOW games, which emphasized on the important of increasing your cash flow through passive income.
Robert T. Kiyosaki is well known as the bestselling author of the book Rich Dad Poor Dad and his other Rich Dad Series. His perspective on money …show more content…
The latest edition of this book was published by Plata Publishing, which is the publisher of all his Rich Dad Series and also his book co-authors with Donald Trump. In the book Retire Young Retire Rich, he focuses on the leverage of power. Instead of working harder, we need to learn how to use various forms of leverage. As he puts in, “Leverage is the ability to do more and more with less and less.”
In discussion of the power of leverage, he divided the book into four section which are: The Leverage of Your Mind, The Leverage of Your Plan, The Leverage of Your Actions and The Leverage of Your First Step.
In section one, The Leverage of Your Mind. Robert talks about how the leverage of mind can be a power asset. He begins with the principle of changing attitudes towards financial freedom. He emphasize that the single most powerful asset we have is our mind. As he mentioned that words are leverage, he quoted his friend Mike’s dad, who he called the Rich Dad saying, “Words do become flesh.” The difference between the poor and the rich are when comes to an opportunity, the poor will often say, “I can’t afford” and “That’s too risky” while the rich will be saying, “How could I do to afford that?” The more someone say I can’t, the more they are reducing the capacity of their reality for them to …show more content…
Robert talks about the importance to create a long-term financial freedom plan and the emotional discipline to stick to it. As he mentioned that determination, strong will and vision are important to keep you going along the journey. To come up with a plan is important, but it is more important to have the determination to keep going. Reminds us at the beginning on the book, that he mentioned about how he agrees with the quote of Steve Jobs, co-founder and CEO of Apple saying, “What separates the successful entrepreneurs from the non-successful ones is pure
Review of Literature : Retire Young Retire Rich
The book Retire Young Retire Rich was written by Robert Toru Kiyosaki, an American entrepreneur, an investor and a financial literacy activist. He had a wide range of business and investment including mining, real estate, oil wells, solar company and also financial market. In the year 1997, Robert and his wife Kim Kiyosaki founded a financial education company, The Rich Dad Company. They are also the creators of CASHFLOW games, which emphasized on the important of increasing your cash flow through passive income.
Robert T. Kiyosaki is well known as the bestselling author of the book Rich Dad Poor Dad and his other Rich Dad Series. His perspective on money …show more content…
The latest edition of this book was published by Plata Publishing, which is the publisher of all his Rich Dad Series and also his book co-authors with Donald Trump. In the book Retire Young Retire Rich, he focuses on the leverage of power. Instead of working harder, we need to learn how to use various forms of leverage. As he puts in, “Leverage is the ability to do more and more with less and less.”
In discussion of the power of leverage, he divided the book into four section which are: The Leverage of Your Mind, The Leverage of Your Plan, The Leverage of Your Actions and The Leverage of Your First Step.
In section one, The Leverage of Your Mind. Robert talks about how the leverage of mind can be a power asset. He begins with the principle of changing attitudes towards financial freedom. He emphasize that the single most powerful asset we have is our mind. As he mentioned that words are leverage, he quoted his friend Mike’s dad, who he called the Rich Dad saying, “Words do become flesh.” The difference between the poor and the rich are when comes to an opportunity, the poor will often say, “I can’t afford” and “That’s too risky” while the rich will be saying, “How could I do to afford that?” The more someone say I can’t, the more they are reducing the capacity of their reality for them to …show more content…
Robert talks about the importance to create a long-term financial freedom plan and the emotional discipline to stick to it. As he mentioned that determination, strong will and vision are important to keep you going along the journey. To come up with a plan is important, but it is more important to have the determination to keep going. Reminds us at the beginning on the book, that he mentioned about how he agrees with the quote of Steve Jobs, co-founder and CEO of Apple saying, “What separates the successful entrepreneurs from the non-successful ones is pure