Rich Dad, Poor Dad Book Review

The Rich dad, Poor Dad Book is written by Robert Kiyosaki. This Book explain to us that we don't need to work for money, money should work for us. There are many lessons that we can learn from this book. Robert Kiyosaki is the author/narrator of the story. In the story, he has two fathers: The first was his biological father or the Poor dad and the other was the father of his childhood best friend, Mike or the Rich dad. The book requires the readers should have accounting knowledge so that they can clearly and easily understands what assets and liabilities are. The accounting knowledge is very important, no matter how boring it is because Robert Kiyosaki says that, "the most important subject in your life".

Robert Kiyosaki highlights two concepts by providing multiple examples for each and focusing on the need for financial literacy, how the power of corporations contribute to making wealthy even wealthier, minding your own business, overcoming obstacles by not fostering fear,cynicism,laziness and other negative attitudes and recognizing the characteristics of humans and how their are conceived notions and up bringing hamper their financial goals.

Rich Dad, Poor Dad explain to us how to live with valuable things in our lives. We should treasure and give importance to it. This book gives us six"6" major lessons, these are : (1)The Rich dont work for money, (2) The Rich invent money, (3) Minding your own business, (4) The need to work to learn and not to work for money, (5) The importance of financial literacy and the last one,(6) Taxes and corporations. These major lessons wakes up my mind. When I read the summary of every chapter of the book, I am already thinking about my future life. I want to be rich person someday. I am really inspired with this book. Honestly, I want to readd summaries only because it is easy to understand.

Rich Dad, Poor Dad, can help us alot, so I am very glad the our teacher in economics, Mr. Noel Delos Reyes, make the book review of Rich Dad, Poor Dad is our first quarterly project. From now I bear in my mind that "Money should work for me and I will not work for money"

5th Official Entry: The Best Economic System for me

For me, the best economic system is Market system also known as free enterprise. I really like this economic system. You know why? It is because we are free to move and do the things that we want to do.

We can also manage our own business without anybody's management. In this system of economic we can have many income because we all know what is the business have. We can also have free enterprise to established a great business so we can manage it easily. Compared to command economy system, market system has many advantages rather than the command economy system. In command system, no one will observes you, anytime you can rest, sleep or anything you want to do. As Sir Noel said. "LET MONEY WORK FOR YOU NOT YOU WILL WORK FOR MONEY"

For me this economic system is the best among the traditional economic system, command economic system and market system.

4th Official Entry: How could I contribute to improve the conditions in my school ot in the community

There are many simple ways that I can do to improve the conditions in my school and in the community. In school and as a student, I can do many simple things to help to improve our school. I can help by putting candy wrappers in trashcan, If there's no trashcan, I will put it on my pocket do the meantime. I can also help to improve my school by following the rules and regulations that the President and administrators have. I can also respect the school officers so they won't be thinking anymore to those student's who are not following them.

I can also help my community, by maintaining out garage clean and in the front of our house as well as. I also join activities in our community, the "TAPAT KO LINIS KO" project. We maintian our surroundings clean. I have many ways that I can do to help out community. I am putting my trash at the trashcan and I put it properly.

These are the things that I can do to improve our school and community. "Simple ways but can help ALOT"