Rich Dad Poor Dad Essay Example | Topics and Well Written Essays - 750 words - 1

Rich Dad Poor Dad - Essay Example He tells the reader that financial literacy and intelligence is important in acquiring wealth. According to him, the difference between the rich and poor is that the former has financial education. The author wants to express that the rich people have their own businesses and poor people work for people. For this one need to have determination and drive. According to him, people can have tax advantages by owning business. The author states that owning a corporation, one get access to tax breaks that is not available to employees. By starting business, rich people make money using their skill and opportunities. The employees need to use their current job to learn skill and proceed to start business of their own. People need to acquire wealth in the right way that is by using education, intelligence and experience which are the key elements in the book. The philosophy of acquiring wealth by the author is justifiable as it makes sense and seems practical. A person can work for ages in a career and earn nothing. He might have the experience, talent and drive for it but may hesitate to start a business for lack of confidence or money. One needs to be financially independent which means that without it people can never prosper in life. Many investment opportunities are available which can help people to start business. Moreover the financial literacy is an important aspect to become rich. A person needs to enhance his financial knowledge to acquire wealth. Only having money would not make one acquire wealth but he needs to use it in a constructive way. The entrepreneurs get the advantage of tax and this is one thing missed by the employees. The author is right in saying that one need to make use of opportunities to acquire wealth. Wealth never comes by its won it need her work, intelligence, determination and risk taking. Rich people invest money and make others work for them. Rich