🐶💰 Rich Dad – Bodo Schäfer: A classic introduction to financial literacy

Hello everyone~ Today I'd like to introduce you to a very special financial book— "Money or the Law of Money" (originally titled "Ein Hund namens Money" in German) . Written by German financial coach Bodo Schäfer , this book has been hailed as a "beginner's guide to financial literacy" and has become a global hit. It's especially suitable for children and beginners in financial management. 📚

Unlike other dry financial books, "Rich Dad, Poor Dad" uses a fable-like format to tell the story of a little girl's interactions with a talking dog, making financial wisdom accessible. I think this book goes beyond simply teaching you about financial management and also teaches you how to approach money with the right attitude.

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📖 Story Background

main character

• Little girl Gier : A child from an ordinary family, she has no concept of money.
• Money : A magical talking puppy who becomes Jia's financial mentor. 🐕

Storyline

Gia unexpectedly adopts a puppy that speaks human language and is also very good at managing money. Qianqian begins teaching Gia how to manage money, from setting goals, saving, investing, to sharing knowledge, slowly transforming her and her family's financial situation.

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💡 The core concept of the book

1. Set clear goals 🎯

Qian Qian taught Jia to write down her dreams on paper and draw a "dream board".

• By making your goals concrete, you can become more motivated to save money.
• For example: If you want to buy a piano or go on a trip, you need to plan clearly how much money you will need.

👉 I think this concept is very practical because many adults don’t have clear financial goals and just “spend money as it comes”.

2. Develop a saving habit 💰

Qianqian suggested that Jia divide the income into several parts:

• Necessary expenses
• savings
• invest
• Charity/Sharing

This method helps children understand that money should not be spent all, but some should be saved for the future.

3. Investment and financial management concepts📈

Qianqian explained to Jia that money should be placed in "places where it will appreciate in value", such as:

• investment funds
• savings account
• Long-term assets

Rather than just putting it under your pillow or buying random things.

4. The right mindset

Qian Qian emphasized:

• Money is not the root of all evil, but a tool.
• Learn to manage money, not fear or avoid it.
• The difference between successful people and unsuccessful people is "mindset".

5. Learn to share❤️

Qian Qian taught Jia to use part of her money to help those in need, because true wealth is not just how much you have, but your ability to share and contribute.

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🌍 Why is it suitable for both children and adults?

For children 👧👦

• In the form of a story, it is easy to understand.
• Establish a correct concept of money to avoid becoming a "moonlight clan" when you grow up.
• Learn to plan, save, and gradually develop financial management habits.

For adults👨👩👧

• The concepts in the book are simple and direct, but equally applicable.
• Remind adults to reflect: Do they have clear goals? Do they have a financial plan?
• Suitable for parent-child reading to cultivate a family financial education atmosphere.

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✨ Inspiration from the golden sentences in the book (edited by the editor)

• "Money should work for you, not you for money."
• "Dreams must be clear before they can become reality."
• “The secret to wealth is not how much you make, but how you manage the money you already have.”

(Editor’s note: The above is a compilation of ideas from the book, not a verbatim quote from the original text. 😉)

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🤔 What do you think?

After reading "Rich Dad, Poor Dad," I felt that perhaps the book's greatest appeal lies in its endearing and engaging portrayal of finance . Many financial books on investing, stocks, and asset allocation are too complex for beginners; however, "Rich Dad," using a puppy character, makes the serious topic of money accessible and accessible to people of all ages.

At the same time, he not only talks about "how to make money", but also "how to use money and how to view money". This kind of mental education is actually more important than simple skills.

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🎉 Editor’s Summary

The core values ​​of Rich Dad:

• Use storytelling to explain financial management wisdom in a simple way🐶
• Teach people to set clear goals and motivate themselves through dream boards🎯
• Build the habit of saving, investing, and sharing💰
• Change your mindset towards money and view it as a tool🧠
• Suitable for parents and children to read together, it is the best introductory book for financial enlightenment📚

👉 Next time if you want to cultivate financial management awareness in yourself or your children, try reading "Rich Dad, Poor Dad". You might find that financial management can be so simple and cute! 🐶💵