Rich Dad Poor Dad

             - By Robert T. Kiyosaki

This is my first book on Financial Intelligence. I wish, I would have read this book before purchasing of my Flat.

The author uses very simple words to explain complex financial terms. For example, 
Asset 
- Is which puts money into your pocket and Liability is which takes money out of your pocket.
Wealth 
- Is a person's ability to survive without working, i.e., If I stop working today, how long can I survive?


Cash flow diagram described in this book is a simple and effective way of understanding your financial status.There are many online video presentations of Robert. Google to know his perspective better.


Quotation excerpts from this book are -

• Rich acquire assets and the poor and middle class acquires liabilities, but they think they are assets
• More money seldom solves someone's money problems. Intelligence solves problems
• If you find you have dug yourselves into a hole... stop digging
• Do not say " I can't afford it". Instead say "How can I afford it? ".
• An intelligent person hires people who are more intelligent than they are.
• The greatest losses of all are those from missed opportunities
• Your business revolves around your assets column, as opposed to your income column.
• Keep your daytime job, but start buying real assets, not liabilities or personal effects that have no real value once you get them home.
• An important distinction is that rich people buy luxuries last, while the poor and middle class tend to buy luxuries first
• We all have tremendous potential, and we all are blessed with gifts. Yet, the one thing that holds all of us back is some degree of self-doubt
• Often in the real world, it's not the smart that get ahead but the bold
• Financial intelligence is simply having more options
• If you are a person waiting for the "right" oppurtunities, you might wait longer.It's like waiting for all the traffic lights to go green for five miles before starting the trip.
• If you can grasp the idea that money is not real, you will grow richer faster.
• It is what you know that is your greatest wealth. It is what you do not know that is your greatest risk.
• Work to learn. Do not work for money.
• Workers work hard enough to not be fired and owners pay just enough so that workers won't quit.
• You can't teach an old dog new tricks
• Important law of money : Give and you shall receive
• For winners,losing inspires them. For losers, losing defeats them
• To make progress, you must first go unbalanced
• Cynics criticize and Winners analyse
• Chickens of a feather agree together
• The easy road often becomes hard, and the hard road often becomes easy
• Whenever you feel "short" or in "need" of something, give what you want first and it will come back in buckets
• God does not need to receive, but humans need to give
• All you need to be is generous with what you  have, and the powers will be generous with you
• You need to know what you're looking for and  then go look for it!

Hmm.. this book seems very rich in quotes.The one I like more is in bold.

-Vish