Rich Dad Poor Dad is a book written by Robert Kiyosaki. It’s a bestseller that has helped millions of people around the world to change their thinking about money and take control of their financial future.
The book tells the story of two fathers, a “poor dad” and a “rich dad.” Both fathers have very different views on wealth.
The premise of the book
Rich Dad Poor Dad is a best-selling book about financial literacy. It was originally published in 1997 and has sold more than 40 million copies worldwide.
The book is based on Robert Kiyosaki’s two fathers: the “poor dad” and his “rich dad.” His poor father believed that working a stable job was the only way to become financially independent, while his rich dad thought wealth came from entrepreneurship and savvy investing.
He also taught him that taxes are a waste of money, and that corporations have loopholes to avoid paying them. This is a very important lesson to take away from this book.
Another important lesson to learn from Rich Dad Poor Dad is the importance of risk taking. The rich dad is adamant about the fact that if you are given an opportunity, seize it and don’t be swayed by others who will tell you not to take it.
The main character
Rich Dad Poor Dad is the best-selling book about financial literacy, financial independence and building wealth. It advocates the importance of financial literacy (education), investing, increasing your financial intelligence and starting or owning a business.
Robert Kiyosaki wrote the book to share his own experiences with money and investing. He also discusses the differences between his two fathers.
His poor dad is a well-educated man with a PhD, but he is bound to what we know as the rat race. He teaches his son to work hard, save money, and not buy things they can’t afford.
He also tells his son to start a business or invest his money in other ways. He explains that the rich don’t work for money, but that money works for them. He identifies 5 obstacles to becoming rich: fear, cynicism, laziness, bad habits and arrogance.
The lessons
The Rich Dad Poor Dad book was written by Robert Kiyosaki and is a popular and highly acclaimed financial education book. It has a cult following and is widely credited with opening the eyes of millions of people to valuable money principles.
The book is an allegory based on the author’s upbringing, which involved two influential fathers. The “Poor Dad” was Robert’s biological father and a college professor, while the “Rich Dad” was his best friend’s father and a wealthy entrepreneur who owns dozens of businesses.
The main difference between these two men is their perspective on money and how they approach building wealth. The poor dad preaches working for a secure job, while the rich dad believes in entrepreneurship and investing what you earn.
Overall
Rich Dad Poor Dad is a self-help motivational narrative novel that was written to teach others financial independence. It has been a top seller worldwide and is the best-selling personal finance book of all time.
The main idea behind the book is to juxtapose two different mentalities when it comes to wealth accumulation. One is the “rich dad” and the other is the “poor dad”.
Throughout the book, Kiyosaki tells his own story about growing up with the teachings of both his rich and poor fathers.
He explains how the “rich dad” teaches him that you should invest your money and build assets rather than work for an income. The “rich dad” also encourages you to take risks and seize opportunities.
In the end, he says that you should always try to be as successful as possible. This can be achieved by taking risks and learning from your mistakes.
