I learned a lot about saving money from the Rich Dad, Poor Dad book. Robert Kiyosaki is a great entrepreneur and really knows how to teach you to make money and save money. This art will teach you how to save money “Rich Dad, Poor Dad” style.The main premise of the Kiyosaki’s Rich Dad, Poor Dad book is that you need to stop thinking like an employee and start thinking like an owner. One of the first steps in this process is to make you money work for you.To often people keep their savings in a traditional savings account. However, they could be earning higher interest on that money be investing in a high interest savings account, high yield cds, high interest money market accounts, or stock or bonds. Any of these option typically pay better than the tradition brick and mortar bank savings account.While Kiyosaki spends most of his book talking about how to increase your earnings, he also explains how passive income and compounding interest rates can really help you to save money. By developing passive income streams you can allow today’s effort to pay of big time even when you are not actively working it in the… Read full this story
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