Rich Dad

It’s not exactly a sparkling new resource, but richdad.com (companion website to the brilliant book, Rich Dad, Poor Dad) contains some great ways of looking at money and economics.

The site demonstrates differences in how the conventional middle class (or ‘Poor Dad’) have evolved to think about money and how successful business types (‘Rich Dad’) think about it. It’s a matter of looking at the same thing from a different perspective. You just have to throw out a few conventional habits in favour of some smarter ones.

For example, the middle class ethic is to work for money, while the wise ‘Rich Dads’ knows how to make money work for them. Poor Dad sees his property as assets while Rich Dad sees them as liabilities. “Understanding the difference in attitudes,” the site says, “is essential to taking the first steps to financial freedom.”

About

Robert Wringham is the editor of New Escapologist. He also writes books and articles. Read more at wringham.co.uk

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