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Second chance

From the author of New York Times best-seller Rich Dad Poor Dad, comes a new book dedicated to handling your personal finances with an ease.

Robert Kiyosaki’s newest book is a good follow-up to Rich Dad Poor Dad, but even if you have not read it – Second Chance will give you a pretty good idea on finance, taxes, assets and liabilities. That is, with a lot of reference to his previous book, in this one Kiyosaki further explains the main points raised in Rich Dad. For instance, the idea that The Rich Don’t Work for Money, expressed in chapter one of Rich Dad Poor Dad, is reflected upon in a great detail in Second Chance – entrepreneurs ‘work hard to own resources and production’, not for the money ‘that is tertiary wealth.’

What is great about this book is that it is separated into three big sections: The Past, The Present and The Future, making it easier for the reader to follow the steps into his own financial understanding. Furthermore, the Question & Answer narrative gives the book an interview-like atmosphere. This is a perfect opportunity for the author to explain each one of his points by giving direct answers to directly written questions – the questions that the reader might very well have. So, Second Chance is the perfect read for people in business, who want to further their financial education regardless of their own personal competence. Thus, even if finance is not your forte, chances are this book is going to clear up this area for you, making it easier to manage your own accounts.

Kiyosaki raises up some interesting points, reflecting on the way society is changing in the USA right now – the shrinking middle class, the poor who become poorer, and the rich who stay rich. Indeed, his book is focused on the USA and there is even a brief study of the last ten US presidents and the duplicity in their financial policies. However, the conclusions that he draws by studying the American society and financial system could be easily used in every other state, making this book a helpful manual for non-American readers.

Most importantly, Kiyosaki emphasises on the importance of financial education above every other type of education. That is, according to him, financial education should be taught to children from an early age, so that they could use it with an ease when they reach adolescence. That he says was the past, so, in The Present section of the book, he explains how you can fill an income statement and a balance sheet, and put your financial situation in order. Once you do that you can make a move to the future (read time and section of the book) and, hopefully, to a financial stability and wealth creation.

All in all, in Second Chance, Kiyosaki emphasises on the importance of knowledge – be it financial, or any other kind of it. ‘Knowledge is power’, lack of it is a weakness. Reading his book will help you in making smarter decisions regarding your money and your life.

Robert Kiyosaki is an American businessman, motivational speaker and financial commentator. He is best known as the author of Rich Dad Poor Dad – a New York Times best-seller that stayed at No 1 for six weeks. Among his books are also The 8 New rules of Money, Rich Dad’s Guide to Investing, and Unfair Advantage.

You can order Second Chance here. 

Lyubomira Kirilova

Lyubomira Kirilova

Mira is a new member of UWN team. She recently graduated in International Relations and Journalism at the University of the West of England, Bristol. She is interested in cinema, literature and environmental issues. Based in London, she is presently blogging about current affairs and issues relating to women entrepreneurs.
Lyubomira Kirilova
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