Hoggit
David Clark

David Clark

Follow

Rich Dad, Poor Dad

Since its publication in 1997, Robert T. Kiyosaki's Rich Dad, Poor Dad has become a personal finance classic and a best-seller, selling approximately 40 million copies worldwide.
I read the book for the first time in 2014, when I was just starting out as a company owner. I decided to reread it now that I had more life experience basketball stars. I also wanted to check whether Rich Dad, Poor Dad was still as good as I remembered it being when I originally read it. A lot has transpired in the financial world in the previous 20 years, and I'm curious to see whether any of Kyosaki's forecasts come true.
What I appreciated most about the book when I first read it was Kiyosaki's unique perspective on the world. It caused me to reconsider my company and investments in ways I had not before considered.
In the second chapter of Rich Dad Poor Dad, I enjoy how the distinction between an asset and a liability is addressed. The second chapter demonstrates that how much money you save is more significant than how much money you earn.
An asset is anything that has worth, generates income or rises in value, and has a market where it can be readily purchased and sold.
Money is brought in via assets.
Assets increase in value.
Both assets and
Liabilities, on the other hand, cost you money because of the expenditures associated with them. This was one of the most contentious statements Kiyosaki made when Rich Dad Poor Dad was released in 1997.
That's because a house isn't considered an asset until its value rises enough to pay the expenses of ownership. Rental property, on the other hand, is an asset since it may generate enough passive income to cover the expenses of maintaining and paying for the property.

Topics: Rich Dad, Poor Dad

On certain days

On certain days, it seems like there are continual efforts to divert us. In reality, focus is influenced by both internal and external, or environmental, elements. Understanding what is presently interfering with attention and memory may assist you in learning how to improve these abilities.
• Diversion. We are continuously bombarded with new and obsolete information while attempting to do anything. According to study, the mere sight of our smartphone impairs our ability to concentrate since our brains are hardwired for this distraction. We constantly assess the information to see whether it is required, sufficient, or useless. The sheer amount of information coming in clouds our assessment of whether we really need new knowledge to make decisions.
• Inadequate rest. According to studies, a lack of sleep is associated with reduced concentration, slower brain processes, and poor focus. You may get confused and find it difficult to focus. As a result, your ability to carry out tasks, especially those requiring thinking or logic, may suffer. Chronic sleep deprivation has a negative influence on your attention and memory flagle According to Dr. Allison T. Siebern of the Stanford University Sleep Medicine Centre, if you are unable to concentrate on the work at hand, it is unlikely that knowledge will be maintained in either your short- or long-term memory.
• Inadequate physical activity. Have you ever noticed how intense exercise helps you feel more calm and invigorated throughout the day? If you do not participate in any physical activity, your muscles may tense. Your neck, shoulder, and chest may feel tight, and such constant, moderate discomfort may affect your ability to concentrate.
• Eating habits. What we eat influences how we feel all day, including how awake and clear our thoughts are. Memory loss, fatigue, and lack of focus are just a few of the symptoms we may experience if we do not feed our brains properly. Low-fat diets may hinder focus because the brain needs certain essential fatty acids. Other restrictive diets may hinder attention by denying the brain of necessary nutrients or by producing hunger, urges, or physical discomfort in the body, all of which are distracting in their own right.
• The environment. Depending on what you're doing, your surroundings may have an impact on your focus. Naturally, excessive noise is a concern, but many people have difficulty concentrating when it is too quiet. The kind of noise matters more than the amount; although the overheard conversation of two employees may distract, the vibrant, anonymous hum of a coffee shop may assist. While less noticeable instrumentals may keep you focused on the task at hand, your favorite song may quickly have you singing along, happily sidetracked. Lighting that is either too bright or too dim may impair your vision. A hot or chilly atmosphere causes uncomfortable situations.
All of these circumstances may have an effect on your capacity to concentrate. They are, thankfully, all handled.

Topics: On certain days