Wisdom From Books

Rich Dad, Poor Dad – Secret of the Rich # 1

Posted on: November 16, 2009

Robert Kiyosaki has described about 6 secrets of rich people.

What is the first secret of Rich?

Its ‘Financial Literacy’!!!

Rich people have a different deifinition of assets and liabilities from rest of the people.

What is an asset and what is liability according to the rich people?

To summarize:

If a person stops working (i.e. stops his or her job), assets will FEED him / her

and liabilities will ‘EAT’ him or her.

By this token, is house an asset?

Think over it.

Keep visiting to read more – Detailed summary on November 21, 2009…


Malik Mirza


6 Responses to "Rich Dad, Poor Dad – Secret of the Rich # 1"

Great effort Mr Malik…. hopefully this blog will open new dimensions for the the indiviuals…

My best wishes are with you


Umair shah

Nobody would disagree that business is better than job. But the real issue for an individual is “what business(es) should I go into and how to start that business(es)?” How to solve this problem?


I salute your vision. I know you will leave a mark on this earth InshAllah.

Malik, i agree with your summary… What is job… Asset or liability ?

Dear Sal

Keep on reading, detailed summary on November 21, 2009

Today, I have postd on the difference between job and business……

Keep reading and kindly keep posting your comments

Dear Malik Sir
Wonderful effort. please keep it up…

Just wanted to share a reflection from a short Bengali Documentary that states ” The inability to realize abilities brings disability” and I think it makes sense what it means to be rich…

Kind regards
Karim Aman
AKU-IED, Karachi

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Welcome to the website – why to visit this website regularly?


This web site comprise of ideas and thoughts from various international management, business, self help best selling books. It is meant for all those who are interested in self-help, self growth and learning. If you are one of those who intend to read good management, business or self help books but have little time, this website is for you.

Also, if you read good books and want to share your thoughts and experiences with others, this web site is for you too......

This website is for every one who intends to learn, grow and contribute!

You can contribute your thoughts and share your ideas by making comments.

This website is updated around twice or thrice a week and hence, you may opt to subscribe when this website is updated. Welcome to the journey of learning!

Technorati verification: S49UYVK3F72J


Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 367 other followers

Visits to Blog since November 16, 2009

  • 561,729 hits

Archive of previous posts

Top Clicks

  • None


%d bloggers like this: