father – the poor dad - and the other was the father of his childhood best friend‚ Mike – the rich dad. Both fathers taught the author how to achieve success but with very disparate approaches. It became evident to the author which father’s approach made more financial sense. Throughout the book‚ the author compares both fathers – their principles‚ ideas‚ financial practices‚ and degree of dynamism and how his real father‚ the poor and struggling but highly educated man‚ paled against his rich dad in terms
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The gap between rich and poor in the world today. In the world of 1995‚ there are still huge differeces between rich and poor‚ developed and less developed countries. But why? Who is to blame? What can we do about it? Many things have been tried out to solve these problems‚ but does it work? It seems bizarre‚ that we‚ modern‚ intelligent people‚ have not yet succeeded to get rid of the differences between DCs (developed countries) and LDCs (less developed countries). We try‚ don’t we? Every year
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REACTION PAPER IN FINANCE Fatima May Del Monte BSTM III This story about Rich Dad‚ Poor Dad it inspires a lot of people who already read this book. It gives us motivation in life. We all know everyone has a purpose in life. Educational attainment is important to have a successful life in the future. Treasure your knowledge about the things you’ve learned. Make some experienced like working in a company and pay yourself and buy a reward for you. By sharing your knowledge to everyone
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Lessons from “Rich Dad‚ Poor Dad” by Robert Kiyosaki Being rich in the near future is everybody’s dream. Our notion of being rich is having all the money to buy all our wants and needs without exerting much effort. As a child‚ we are sent to school for which the primary reason is to learn‚ so that in the future‚ we would obtain stable jobs. It is with this same reason that the author of the book emphasized why a lot never get rich. Through this reading‚ I gained a lot of insights which will help
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Rich World‚ Poor World Samantha Valentine Dr. Rochelle Steward-Withers 131121 18 September 2012 Word count: 2275 Debt is made when one party owes party money (Oxfam‚ 2005). Just like people‚ governments of both developed and developing nations borrow money in order to function well and to maintain their economies (George‚ 1994). Debt is the economic mode that promotes economic activity in the global market (Lomborg‚ 2004). The acquisition of debt comes through loans‚ grants and aid
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Book Review How Rich Countries Got Rich and Why Poor Countries Stay Poor By Erik S. Reinert The book How Rich Countries Got Rich and Why Poor Countries Stay Poor is written by Erik S. Reinert and it is published in 2007. Reinert is a 62-year-old Norwegian economist who specializes in development economics and economic history (Wikipedia). Reinert attended the University of St. Gallen in Switzerland (where he studied economics)‚ Harvard University for MBA‚ and Cornell University
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01/16/13 ENGL 205 Sirohi‚ Gayatri Rich Man‚ Poor Man: Resources On Globalization Summary According to Carol Hammond and Robert Grosse‚ Globalization has become the motto of the 21st century. We are becoming more aware people’s ideas‚ world views‚ products‚ ideas‚ and other aspects of cultures. Globalization has opened many opportunities for other countries to explore new and different things. Globalization has increased interconnectedness among many countries most notably in the areas of
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pays well‚ but makes a person unhappy‚ and choosing a career that makes a person happy‚but does not pay well. What is the purpose of life? What is the one thing that truly matters in order to experience a meaningful‚ gratifying existence? Some people might say that love and happiness are all one needs in order to live a fulfilling life‚ where no amount of materialistic wealth will amount to the same level of contentment as a life where one’s career is something that one strongly believes in and
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Should rich people pay more taxes than poor people? Taxes are money that people and business must pay in order to support the government. The government uses the money for building roads‚ helping schools‚ and maintaining other public services. For example‚ parks‚ buildings‚ and more public utilities. People dread paying these taxes every year because large amounts of money get taken away. To make it fair‚ everybody should pay equal amounts regardless of their income. Both rich and poor should
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1. Poor people are far more likely than rich people to break the law. A. False B. I believe this statement is false because a social status does not define an individual’s character. Society has cast a negative light on the poor when it comes to crime. They determine that because someone is poor it gives them a greater chance of breaking the law. Breaking the law is not an issue of rich versus poor; it is an understanding between right and wrong. 2. It makes sense to choose a college major in
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