Rich Kid, Smart Kid— Giving Your Child a Financial Head Start

Here is a book from the author of the New York Times bestseller “Rich Dad, Poor Dad.” It is written for parents who value education, want to give their child a financial and academic head start in life and are willing to take an active role in making it happen.

Achieving financial success in life has never automatically meant that you have to do well in school or even go to the best colleges and universities. What it means is you need a sound financial education and, quite often, you get that through the process of living your life. Robert Kiyosaki outlines what he calls “winning formulas.” There are three primary winning formulas every child needs to learn for attaining professional and financial success later in life. With the help of their parents, children can develop all three and maximize their potential to become successful.

Rich Kid, Smart Kid has an interesting approach to assets and liabilities and discusses investment, return on investment, and taxation. The author’s approach may be considered somewhat revolutionary. However, the book is down to earth and, in some instances, very revealing. From a practical standpoint the reader is given basic information on how to read and develop a proper personal financial statement which, according to the author, is the fundamental guide to creating wealth.

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