Nikunj Chhag

Background: Recently I watched a summary video on the books of M J Demarco posted by James Jani (links are given in references). The content has provoked me to write my second blog. Overall the thought process is about what billionaires do the different work than a normal middle class person (or family). If you are already a billionaire stop reading further!! School education and domestic environment around money: Money as a subject is never taught in any education system and not even in CA, CS or MBA (Finance) classes!! Sounds strange? It’s not really! I know few of them who take advice for investments. My point is taking advice of a subject expert is always preferable but generally we believe money is equal to finance in a school curriculum, which is wrong. Any school education system anywhere in the world never teaches their students about: -           What is money? -           How...

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...