By Dennis Ng

The subject on personal finance is one that is widely discussed, and rightfully so. But with so much being taught on this topic, it is not surprising that many people are led to have misconceptions about the subject on personal finance. Prior to my fall during the 1998 financial crisis, I knew next to nothing about personal finance, until I was taught a hard lesson during the 1998 financial crisis.

In a bid to deepen my understanding on personal finance thereafter, I picked up Rich Dad, Poor Dad written by Robert Kiyosaki. Admittedly, it is one of the most popular books today. When I knew very little about personal finance, I actually believed and abided by every single word spelt out in the book. But as I grew my knowledge in personal finance and began to master my finances, I realised that not every word he said ...