I co-related this book with me. When I started earning 200 to 300 dollar per month I did same mistakes as written in the book. I bought a bike in instalment and paying loans, a mobile phone, laptop, inverter and battery etc and paying loans and loans. And not only me most of the middle and poor people doing same mistakes.Also this book helped me to understand and choose to right business and right business revenue model. This book says invest, choose or start that businesses which pay you always if you work or not this is call passive income(Passive income means you work or not your business gives you earning).
Ex- Writing a books pays you alway a reward whenever your books are sold, Investing in Real estate like hotels, commercial properties always give you earning, Blogging, youtube earning etc are example of passive income.
Just take example of rich people business model like owner of Facebook, owner of Youtube, Owner of Google etc their business revenue model is same. Mark Zuckerberg, Sergey Brin & Larry Page etc work or not Their wealth increases always from their assets (Their assets are their websites).
After reading the book I got the formula to become rich. Then I started thinking ideas and thinking How to create assets for me which gives me regular income. And finally I got an idea from my blogger mind. Always start a business according to your interest, knowledge and strength. I selected blogging as I am master of it. I searched some unemployed young people or students who were looking for part time job. I made them blogger. I trained them and tell them about blogging. Yet I got 5 people and I created websites (Blog) for them free of cost but made a agreement with everyone that they give me a commission as my service charge every month and in return I give them full support like I teach them about blogging, Help them to increase their earning, take care of their site, help to increase their site’s traffic and do SEO for them.
Now after one year all 5 people are earning $250 – $300 per month and all of them give me commission. On average I got $100 per blogger so My earning $100 x 5 =$500 i.e Around Rs 30,000. After reading this book I took this new business action and Now these 5 people become assets for me. For becoming rich, I have to create many assets. As you have noticed that Rich persons have many assets. This is the formula of rich people I got after reading this book “Rich Dad and Poor Dad”.