Some helpful investing resources
Rich Dad, Poor Dad
Poor people aren't lazy, nor are rich people lucky, Robert Kiyosaki argues in his series of books on wealth building. Instead, he says, the divide has more to do with mental attitudes and decisions on how we spend, invest, and use capital.
Kiyosaki's point is most clearly illustrated in his self-help book on investing, Rich Dad, Poor Dad. In it, he says the path to riches involves shifting away from the middle-class values represented by the Poor Dad and towards the practices and attitudes of the entrepreneurial class, embodied by the Rich Dad.
To give an example, Kiyosaki says poor people pay taxes on their income and then, with what's left over, meet all their other expenses. Rich people do it in reverse. They use the tax system, writing off costs as business expenses and declaring the remainder as income.
He's not a fan of taking risks with one's money. It's a better idea to use 'the bank's money' to buy property. This is another core lesson: that rich people put other people's money to work. On a visit to Hong Kong in 2006, Kiyosaki told the Post he didn't believe in investing in stocks, calling it something poor people do. It's better to own the company that's listing.
