Hello everyone,
Welcome to another book review from me based on a quote from a book. Today's writing will be from the book Rich Dad, Poor Dad by Robert Kiyosaki, and the quote says:
“It’s not how much money you make. It’s how much money you keep, and how hard it works for you.”
To me, this book is one of the oldest I have ever read, and I remember reading it again during the pandemic. The concept of money and what is yours triggered my memory to remember this quote. Although I did not get it all clearly, word for word, I checked it out once again. The quote is simple to understand. Unlike the previous quote I spoke about in my last book review on Carol Dweck's book Mindset, where you had to read the book to get a better understanding of it. In the quote above from Robert Kiyosaki, it simply says that the money you make is not how much you have, but what you keep or what works for you is your money. This means Robert Kiyosaki is talking about saving and investment. Savings are what you keep, and investments are what work for you. It is very easy to complicate what you are working for as the amount you have. But here is the thing: there are bills, expenses, upkeeps, and more that have to be factored in. Once these things are paid for, you come to realize that what you have as yours is not as much as you thought.
It also reminds me of the lesson from The Richest Man in Babylon, one of the oldest classics when it comes to finance. In the book, George Clason also spoke about keeping a portion of your money so that it is yours to keep. Basically, talking about saving something as well. Now, Robert Kiyosaki says the same thing as well, but then he goes the extra mile by suggesting that you should have something that works for you as well. Money working for you comes through the process of investment because of what is considered to be the 7th wonder of the world, and that is compound interest. It is easy to get carried away by a nice salary figure in this economy, but what one fails to remember is that inflation has a strong grip on the economy, which means the price of goods and services is increasing over time. Currently, you cannot compare the cost of buying a house now to the time of the early 1980s. There is a big difference. It was less expensive back then, and money had more value compared to now.
Inflation has grown muscles over time, which is making the payment for jobs small; people have to look for other sources or side hustles. In this current economy, there are many people working more than one job just to meetup with end's means. This speaks a lot to the fact that time has changed, and it is still changing. I remember a conversation I had with an elderly person who was talking to me about grabbing property as early as possible, and that his house is a major investment he made back then when he was earning #150,000 monthly. Currently, that house serves as his source of income, and I was amazed that back then one was able to build a house on a #150,000 salary, which is not up to a $120 in today's economy. Time flies, and we have to pay attention to what we keep, for that is what is ours.
I am 
♟♟♟♟♟♟♟♟♟
Thanks For Reading!