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Robert T. Kiyosaki's Second Chance

Robert T. Kiyosaki's Second Chance

BookMattic's Rating 4/5
Goodreads' Rating: 3.69/5

Some light shines on many reasons why the world is in debt and the fact that the education system does not educate our children in the world of finance or how to use our money properly. 

Many people are well educated with their Masters or Doctorate degree but unfortunately it doesn't mean that they know how to successfully use their money to become financially free.

The Past


This book is split into three parts. The first which is 'the past' which explains how our world has got itself into financial debt and how the traditional education system is flawed. There are several graphs that show national debt, food stamp growth, inflation and several other visual aids that help us to actually see the problem rather than just reading it. A picture is worth a thousand words. 

The first half of this book is more so informational than a guide to helping you get rich like the rest of the book. It is useful information. Some people might not find this information useful but nonetheless all knowledge is worth having. In order to become successful we need to know about 'the past' in order to not make the same mistakes.

The Present


The second part of the book is 'the present' which is the smallest part but the most useful since it gives you some tools to set you in the right direction to financial success. There are even parts of 'the present' where you have to physically write things down about your financial goals which really help to realize your goals. 

According to the book around 80% of what we learn comes from taking action. Around 10% comes from reading. One part of becoming a rich person is to change the vocabulary you use. Start to speak like a rich person. Robert Kiyosaki suggests that if we say 'I am rich' and we believe it then we will make it happen. 

If we say 'I can't afford it' or 'I'm poor' we'll most likely always be that way. He gives some great examples in 'the present' as well as the other parts of the book of how he has implemented these tools and way of thinking in his life.

The Future


The last part of the book is titled 'the future' and like the second part I found it to be very useful in setting myself in the right direction. It tells you the opposite of what most people think is the normal way of making money. 

One of the reasons why the richest people are in the top 1% is because the rich don't work for money. They make money work for them. They find assets that will create cash flow and with that cash flow comes an endless waterfall of income. 

A lesson that we can learn from this part is that we need to look at both sides of the coin and sometimes sit on the edge meaning that don't just follow along with the norm, be knowledgeable, but be generalists. Being a generalist is to know a little bit about everything. A person who knows a lot about a little is called a specialist which is usually the person who ends up working for a generalist.


To Sum Things Up...

Second Chance is more of a mind opener than a 'how to'. There are many explanations about why we should focus on the 'why' we want to make more money and not the 'how'. 

Focusing on the 'how' will just slow you down. I definitely recommend reading this book to help you start on your way to getting rich. Don't be a slave to money any longer. Let all the money do the work for you

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