"Rich Dad, Poor Dad" and the Indian Education System: A Critical Review

         "Rich Dad, Poor Dad" is a best-selling personal finance book written by Robert Kiyosaki that has inspired countless individuals including me to rethink their approach to money and wealth building. The book tells the story of the author's two "dads" - his biological father, who was a highly educated and financially struggling schoolteacher, and his best friend's father, who was a successful entrepreneur and real estate investor. 

          So my name is omkar and this is my simple review , generally I do prefer not to give any of my knowledge for free to anyone but this blog is an exception and for educational purpose only , I hope reader will definitely get some interesting stuff to read here .

          In "Rich Dad, Poor Dad," Kiyosaki argues that traditional education systems are not equipped to teach individuals the skills they need to build wealth and achieve financial independence. He argues that the focus on academics and secure jobs, rather than practical financial skills and entrepreneurship, leaves many people ill-prepared to take control of their financial future.

           The Indian education system is no exception to this critique. The system is heavily focused on academics, with students being encouraged to pursue careers in fields such as engineering, medicine, or the civil services. While these careers can be rewarding, they may not necessarily provide individuals with the financial freedom and independence that they seek.

           Furthermore, the Indian education system often places a high emphasis on rote learning and memorization, rather than critical thinking and problem-solving skills. This approach may be beneficial for passing exams and obtaining degrees, but it does little to prepare individuals for the real world and the challenges they may face in their careers.

           In contrast, the principles advocated by Kiyosaki in "Rich Dad, Poor Dad" focus on developing financial literacy, entrepreneurial skills, and a mindset of abundance and growth. By encouraging individuals to think creatively and take risks, the book offers a fresh perspective on how to build wealth and achieve financial independence.

           This book changes our mindset towards money and investing , for example once a friend of mine recommended me to buy a latest model of iphone , I giggled and answered I already have brought not the product but the company i.e. I am a shareholder of USA based company Apple and that company shares their profit with me annually in form of dividends. 

           So I strongly recommend reader to go thought some of these books I personally read multiple times and recommend to you too , Try to know what is meant by "financially literate" person . 

1) Think and Grow rich 

2) Rich dad Poor Dad 

3) The Psychology of Money 

4) The intelligent Investor 

5) The Warren buffet way 

            In conclusion, while the Indian education system has its strengths and has helped many individuals achieve success, it also has its limitations. For those seeking financial freedom and independence, "Rich Dad, Poor Dad" and the principles it advocates may be a useful addition to their education and a valuable tool for building wealth. However, it's important to approach these ideas with a critical eye and to carefully consider the information presented before making any major changes to one's financial strategy.

Thank you ,

Omkar Shembekar.