Managing finances in Information Age
Background A typical middle class family all around the world has almost similar finances. Recently I have read on this subject and very much impressed by the thoughts of Robert Kiyosaki in his books Rich Dad Poor Dad and Cashflow Quadrant. Here in this blog I have tried to summarize that thoughts. Rich and Poor! No one really aware about the main class that is the middle class. What is a middle class after all?? What I think, middle class is the family which always have debt (loans) through out their working age. Second, earning persons of the family has to do some active jobs (or self employed) and hence active income is essential. As Robert Kiyosaki points out that we are living in Information Age right now which started approx after fall of the Berlin Wall in 1989. From 1492 when Christopher Columbus found Americas we were in the Industrial Age. This is a very good concept to understand the current situation. The main issue with current Age is the uncertainty of future...