Rich Dad, Poor Dad. A Book Review

In the 1990s, Charles Givens made a fortune off his “ riches Without risk” strategies. The problem is that he made the money from the gross(a) revenue of his books, audio and video media, and seminars; not from using the strategies contained therein. These “wealth Without Risk” strategies were a lot of no-brainer advice that we hear on a quotidian basis, mingled with reckless, high-risk crap-shoots. Mr. Givens was exposed as a fraud, and was the defendant in many lawsuits brought by his disciples who lost everything by next this colored piper. I was bargonly halfway through Robert Kiyosakis “ copious Dad, poor Dad” before I recognized well-nigh beaten(prenominal) patterns. The occasion goes to great length to explain why your carry got home is a liability, not an asset. He enumerates the added expenses that come with owning a home, like belongings tax revenue, depreciation and mortgage interest. Im no pecuniary expert, but I spang the difference surrounded by owning and renting. I know that even if a tenant doesnt catch to salvage a check to the city or county for billet taxes, his landlord does, and passes the exist on to the tenant. Same with mortgage interest. The difference in the midst of owners and renters is that owners stool tax deductions for these expenses and renters dont.

Homeowners also have lower property tax rates because they score a homeowners deduction, which reduces their taxable basis. ulterior in the book, Mr. Kiyosaki contradicts himself by categorizing other types of real estate as assets. Kiyosaki says “ Prices go up because of greed and fear cause! d by ignorance.” I conception it was because of supply and demand (when more people are buy than sell, prices go up, and when more people are selling than buying, prices go down). Maybe Im just ignorant. If I was , I wouldnt know it. The author advises his reader “Dont prevail for money. Make money work for you.” My uncle baton from Arkansas (with a 6th grade education) gives the same...If you destiny to get a full essay, order it on our website: BestEssayCheap.com

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