Rich Dad Poor Dad is a book by Robert Kiyosaki that is considered a modern classic in the field of personal finance. It has helped millions of people build wealth and financial freedom.
The book was written in the form of a series of parables, ostensibly based on Kiyosaki’s own life. There are 2 main characters – the “rich dad” and the “poor dad.”
It’s not a get-rich-quick scheme
Rich Dad Poor Dad is an inspirational self-development book that inspires its followers to change their lives. However, the book’s author, Robert Kiyosaki, has been embroiled in numerous lawsuits and controversies.
The book is based on Kiyosaki’s experiences growing up with two fathers, one who was poor and one who was rich. Both men shaped Kiyosaki’s approach to money and investing.
In this book, Kiyosaki discusses the value of financial literacy and entrepreneurship. He also emphasizes the power of investing and avoiding debt.
He encourages readers to start their own business and create passive income streams. He also explains the importance of taxation.
At nine years old, Kiyosaki learned that a person’s salary was disappointing because of taxes and deductions. He later learned that the wealthy don’t pay taxes like employees.
It’s not a how-to book
Robert Kiyosaki grew up with two fathers – his biological father (poor dad) and his best friend’s father (rich dad). He was always interested in how the rich man made money.
During his teenage years, he and his friend Mike would work with their rich dad on financial literacy and investments. They studied how he held meetings with bankers, attorneys, accountants and investors.
He learned about the power of investing and how to create opportunities for himself, even when he wasn’t well educated. He also learned about how to negotiate volume discounts and think big.
This is a great book for anyone who wants to learn about financial literacy. It’s full of helpful advice and will help you to become financially independent. It’s also an excellent source of inspiration for anyone who is struggling with their finances.
It’s not a business book
Rich Dad Poor Dad is a book written by Robert Kiyosaki and a collection of stories based on the author’s experiences with his real father (poor dad) and his best friend’s father (rich dad). Both of these men taught the author how to view money and invest in a way that flew in the face of conventional wisdom.
He believed that the traditional view on work and money – go to university, get a job, and climb the ladder – was not sustainable. Instead, he said, you should build assets, invest wisely, and work for a salary only when you have to or enjoy it.
He also said that the majority of people are run by fear and desire. This creates a never-ending cycle of working hard to earn money and then spending it frivolously. This is called the “rat race,” and it is not sustainable for most people.
It’s not a self-help book
Robert Kiyosaki wrote Rich Dad Poor Dad in 1997 and it has since become an international bestseller. Its philosophies have been built upon in several other books, and Kiyosaki now owns financial education companies that provide personal finance and business education through books, videos, games, and seminars.
In this book, Kiyosaki compares and contrasts his two influential fathers: Poor Dad, who was a poor worker and did not understand money; and Rich Dad, who was a wealthy entrepreneur and knew how to invest and make money work for him.
The rich father in this book teaches the boys some valuable lessons about how to use their mind and time to create wealth through business ventures and investments. The poor father, on the other hand, is stuck in the rat race and focuses on the 9-5 grind for his income.
Despite his claims to be a motivational tool, Kiyosaki’s advice is not based on any financial expertise. He’s simply trying to get people out of the rat race by making them realize that a lifetime of working for someone else can lead to financial struggles.
