Book Review

Book Review
Students will read one of the books listed below and write a three to four-page reaction paper. The paper will consist of
two sections: A brief overview/synopsis and an analysis. Your overview of the book should be no more than a paragraph.
In the body of the paper, you will cite specific parts of the book and write about why you personally found these ideas
to be important. This review is worth up to 150 points towards the final grade.
Books:
Rich Dad, Poor Dad by Robert T. Kiyosaki
The author discusses how his thoughts on entrepreneurship and investing were shaped by his two “dads”.
The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Timothy Ferriss
How to go about finding an idea and various other subjects.

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The Monk and the Riddle by Randy Komisar
The right and wrong way to pitch an idea.
Anything You Want – Derick Sivers
How CD Baby was started and valuable lessons on live and business.
The Power of Social Networking: Using the Whuffie Factor to
Build Your Business by Tara Hunt
Your organization is only as good as its reputation. How to use social media to get the word out.
Why We Want You To Be Rich: Two Men – One Message by
Donald J. Trump, Robert T. Kiyosaki
The two authors promote starting businesses slowly, and part-time.
Dig Your Well Before You’re Thirsty: The Only Networking
Book You’ll Ever Need by Harvey Mackay
Why networking is so important to everyone – especially entrepreneurs.

MODEL ANSWER

Overview

“Rich Dad Poor Dad” is a fascinating book by Robert Kiyosaki, who narrates how he had the guidance of two fathers during his | PLACE YOUR ORDER NOW AT writtask.com | his real father, who he considered middle class and his best friend’s, the “rich dad.” The two fathers had conflicting perspectives about almost everything except for the importance of education. Since the narrator was young, he listened to both fathers and got some insight into making the best choices that suited the kind of life he | PLACE YOUR ORDER NOW AT writtask.com | why middle or low-class people do not become wealthy and how rich individuals have attained their wealth. The narrator highlights the significance of obtaining financial intellect and its implications on acquiring wealth. The author’s primary message is how individuals should let money work for them instead of striving too hard for money.

Book Analysis

One of the most fascinating points in the book is how different the attitudes between the rich people and those in the middle or low | PLACE YOUR ORDER NOW AT writtask.com | around two other dads gave him insight into dealing with financial matters. He said that his father and his friend’s father, Mike, had different perspectives on money. For example, the author describes how middle and low-class people work hard for their money while wealthy people ensure that their money works for them.

Similarly, the author narrates the difference in attitude between the rich and the poor | PLACE YOUR ORDER NOW AT writtask.com | oor or middle-class people’s motivation is fear when it comes to making financial decisions. According to the author, these individuals want to “feel safe and secure” with their finances. Therefore, they embrace what they have and do not complain about losing what | PLACE YOUR ORDER NOW AT writtask.com | drives or motivates wealthy people, which distinguishes the two kinds of people, according to the author. The narrator says that the rich allow desire to control their financial decisions. In my opinion, the rich and the poor work equally hard, but I agree with the author because each of them goes about it very differently. The rich and those who want to become wealthy learn how to make their money work for them. According to the author, “the poor and middle class work for | PLACE YOUR ORDER NOW AT writtask.com | money work for them.” Moreover, the author says that having a typical job is a short-term solution to the long-term problem of generating wealth and financial liberty. Kiyosaki says, “It’s fear that keeps most people working at a job: the fear of not paying their bills, the fear of being fired, the fear of not having enough money, and the fear of | PLACE YOUR ORDER NOW AT writtask.com | argument that captured my interest in the book was the author’s view that a person’s home is a liability instead of an asset. According to the author, wealthy people obtain assets while poor individuals incur liabilities. The author further explains the difference between liabilities and assets: “An asset is something that puts money in my pocket. A liability is something that takes money out of | PLACE YOUR ORDER NOW AT writtask.com | individual’s home is a liability because it incurs expenses and removes money from one’s pocket. The author does not say that housing is not essential, but people should create their asset portfolios to…