My dad is giving me 50 dollars if i complete this book. He is also offering me an additonal 50 dollars if i answer his question (What is the diffrence between assests and liabilities between the rich dad and the poor dad ) Thank you to whoever helps me out. I have completed this book i just only have one shot at the question and want to make sure i get it rigth
2007-12-29 13:27:08 · 12 answers · asked by Anonymous in Business & Finance ➔ Investing
You really should read the book. It's an easy read, should take you a few hours. The concepts are pretty easy to understand too.
What your father is trying to do is get you to take your first step to learn how to invest for your future and also how to be successful in life. This isn't a recipe book on how to become successful, it's to whet your appetite so you can start reading a lot of good books out there which will change your life. One story in Rich Dad Poor Dad is very true for me, the most valuable possessions I have are my books, they have made me very successful in finance and in life. A thief can steal all the TV's, jewels, paintings, and other stuff, but that's pocket change compare to the wealth of information in those books which are worth millions.
2007-12-29 16:26:05 · answer #1 · answered by Dr. K 7 · 0⤊ 0⤋
It is a good book, probably worth reading, I wouldn't say it is his best book, The biggest difference is that His poor dad says his house is a asset, while his rich dad says the house he lives in is a liability. I like his approach to real estate, which you won't hear from many people. In his other books he has advice on stock markets and other investments. There are a bunch of good investment books rated at www.novelwagon.com if you like this one.
2007-12-30 13:58:42 · answer #2 · answered by Steve 1 · 0⤊ 0⤋
The rich dad in the book may teach u how to make 50 times of 50 dollars your dad is giving you or even 500 times, 5000 times if you do it successfully. READ THE BOOK..
2007-12-29 14:56:33 · answer #3 · answered by myshop258 l 2 · 1⤊ 0⤋
3. Rich Dad loses the farm becomes Poor Dad. 4. Poor Dad wins the lottery and becomes Rich Dad.
2016-05-27 22:08:48 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Um, to "earn" the prize, I have a simple suggestion: set aside some undistracted time (like turn off the TV, music players, computer, etc.) and READ THE BOOK.
I'm no fan of the book, but the best stuff in it happens when the reader carefully reads and ponders the story on the page. The answer is there, not here.
2007-12-29 13:40:56 · answer #5 · answered by Rabbit 7 · 0⤊ 0⤋
It's not a bad book, and definitely worth reading. It gets one thinking about financial aspects in a different way. Another book you may like is The Richest Man in Babylon. It also illustrates basic financial concepts in a story like setting. As for the answer to your question, it's really quite easy. In fact, I believe it's even stated as "The difference between an asset and a liability is..."
George.
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2007-12-30 00:33:45 · answer #6 · answered by Anonymous · 1⤊ 0⤋
The difference between them is poor dad said for him to go to college and get a good job but rich dad told him to start his own business
2007-12-29 14:24:14 · answer #7 · answered by Anonymous · 0⤊ 1⤋
If you actually read the book, that is a very easy question to answer. I am confident you will get it right.
2007-12-29 14:47:03 · answer #8 · answered by kc 4 · 0⤊ 0⤋
I hope everyone else who reads your question takes the same approach and recommend that you read the book.
2007-12-29 13:56:32 · answer #9 · answered by edco 5 · 2⤊ 0⤋
First you got a great dad as you will someday see... Hopefully not to late.
2007-12-29 16:47:48 · answer #10 · answered by Kris Z 2 · 1⤊ 0⤋