This book completely surprised me and my first impression after reading the book was how did I miss this book so far?

Thanks to a friend who had mentioned about this book sometime back in our friend’s gathering. I had bought the book that time itself but couldn’t read it at home. I wanted to read it at a stretch and absorb as much as possible. However, I was not able to find a reading slot of 4-5 hours as I work full time and in the evenings I spend a bit time on blogging and remaining time with family.

It was my traveling which got me an opportunity to read this book. It was a weekend, and I was supposed to travel by train to my relative’s place. Trains are always my favorite mode of travel because I feel good to peep through the windows and enjoy the view nature while train is on the move. I also get lot of fresh ideas while traveling.

I had reserved the ticket and reached the station well ahead of time and got inside my compartment.

I actually had 2 books with me. One was Rich Dad Poor Dad and the other one was Focus from Leo Babuta. Since Focus Book was uncopyrighted book (Free to share), I had taken the print of the book and wrapped it with a nice binding.

I started with introduction in which Sharon Lechter who is co author of the book gives the background of book’s origin and sets the stage.

Then he teaches various lessons such as financial literacy and inventing money and few other amazing chapters are included. I was reading a amazing book about wealth building which exposed the real secret of how to get rich.

I took out my notebook (which I carry in all the journeys) and decided to take notes. I feel good to take notes while reading something interesting because writing works as a “save” button for me.

Author surprised me when he said that buying home is not an asset, but a liability. I was in shock. Then he reveals the reason behind this statement using simple diagrams. I couldn’t agree more with him. My note book, was now full of action points for myself. I have been a good financial planner but Rich Dad Poor Dad is an eye opener for me. I found I was following few points in the book already but book revealed many secrets about money management which I did not know.

I had finished the book around 9 pm and it was a wonderful journey for me. Those 4 hours that I put in reading the book taught me financial wisdom and much more.

RichDad Poor Dad has great influence on me as it educated me about financial literacy and encouraged me in living the life the way I always wanted. Rich Dad Poor Dad is not just about get rich formula, it’s about understanding difference formal education and financial literacy. No wonder the book is bestseller and I am sure it still sells thousands of copies worldwide.

To end this post, I recommend this book to one and all. Books can change lives. There cannot be a better example than book like Rich Dad Poor Dad.

When I was young, I thought that money was most important thing in life; now that I am old, I know it is – Oscar Wilde

With this article I am going to show where your hard earned money is getting wasted (or poorly spent) and why you are not able to save money even though you earn a decent monthly income. If you feel that you manage your money very well, then you can ignore this article

To start with, what we need to realize is, its not important how much we earn, it is important how much you save (keep) and how you manage your money. Below are 5 areas in the modern eras where you are spending your hard earned money and you were clueless so far about these. Not because you did not know these but you did not notice them.

So controlling your temptation is the key. Haven’t you heard about a Kite? If you want it to fly well, you need to have control over the thread. What happens if you lose the thread? Kite will slap the ground soon. Money is like Kite. You need to hold the thread to make it fly.

Let me share a humor with you. I heard this from a friend. There was a person who was using credit card and has maintaining it so well that he never had to pay any penalty or overdue charges. He always paid his dues on time. One day he was going to pay his dues to credit card office as usual on time. Then credit card officials whispered amongst themselves “Hey Look, our worst customer is at the door”!!! I think you got my point.

Coming to the telephone bills, shut down unwanted phones. If you travel frequently then try avoiding roaming charges by taking a local number or SIM cards. There is a golden word. Talk Less, Say More. Talking in phone is not same as talking in person.You will see considerable amount of savings after implementing point number 3.

4) You are not tracking your money: Start maintaining a spreadsheet to record your monthly outgoing and incoming money flow. It need not be complicated formula based spreadsheet but a simple one would do. It will serve the purpose of your money tracking. It is difficult in the beginning to note down everything but once you make it a habit, it’s actually an exciting and fulfilling exercise.After all its your money. If you don’t track your money then who will?

So folks, this long article, I tried to show you some practical ways to save money. It takes little sacrifices such as giving up your temptations, limiting your phone calls but this comes at a very good reward. After all it’s your hard earned money. A penny saved, is a penny gained.

I suggest you to read a fantastic book called Rich Dad Poor Dad which is about managing your money. Author Robert T. Kiyosaki explains difference between an Asset and liability. He also teaches financial literacy which is very different from our education. This book is a international bestseller. Check it out at Amazon where you get it for very small price.

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not!