Rich Dad Poor Dad by Robert Kiyosaki is the New York Times bestseller that reveals how to create financial independence through investing, property ownership and building businesses. The book explains the financial lessons learned from two different perspectives, that of a poor and wealthy man.
Kiyosaki grew up with two influential fathers: his biological father, who was well-educated but financially poor; and his best friend’s father, who was an eighth-grade dropout and later built a multimillion-dollar business empire.
The story
Rich Dad Poor Dad is an influential book that has been translated into dozens of languages, sold all over the world, and made Robert Kiyosaki one of the most popular personal finance authors in history. The book tells the story of how Kiyosaki was raised by two fathers, each of whom had a very different way of thinking about money and investing.
The first was a highly educated man who earned a Ph.D., but struggled financially. The other was an entrepreneur who never finished high school but went on to become one of Hawaii’s richest men.
The underlying message of Rich Dad Poor Dad is that a life of working for someone else can lead to financial problems. The book argues that it’s better to get your education, build assets, and become wealthy. The book also destroys the myth that you need a high income to be rich. It teaches that you can be financially independent and rich by investing in real estate, starting businesses, and increasing your financial intelligence.
The message
Rich Dad Poor Dad is a book that encourages people to invest in themselves. It advocates financial education, financial independence and building wealth through investing in assets, real estate investments and starting your own business.
Throughout the book, Robert Kiyosaki shares lessons he learned from his two dads: one who was a poor man who never got ahead financially and one who owned multiple businesses.
He also emphasizes the importance of learning to take risks at a young age. Risk is necessary, especially when you want to become rich.
Rich dad encourages his sons to find ways to make money outside of work. He teaches them how to work with bankers, tax accountants, lawyers and investors.
The author’s life
Robert Kiyosaki was born into a poor family. He had a well-educated father, but struggled financially his entire life.
In Rich Dad Poor Dad, Kiyosaki describes the differences between his two fathers and how they shaped his financial views. He explains that poor dad believed in working for money and job security.
Meanwhile, rich dad wanted his sons to learn how to make money on their own. They were taught accounting, investing, markets and law.
Afterwards, they opened a comic book library and started making money. This was a huge step in the right direction.
As a result, Kiyosaki is able to show that people can become financially independent by following their own path and focusing on learning how to be smart with money. He also emphasizes the importance of multiple sources of income. Those who follow this philosophy are not dependent on any one source of income and have more freedom to make decisions.
The summary
Rich Dad Poor Dad is a book about financial education, entrepreneurship and the power of money. It’s a New York Times bestseller by Robert Kiyosaki, and it’s inspired countless people to achieve their dreams of wealth.
The book tells the story of Robert Kiyosaki’s journey from poor to rich. He teaches readers how to be financially intelligent by breaking down myths about money and revealing a better path to success.
He also discusses the importance of building assets instead of liabilities. For instance, he explains that the most valuable investment isn’t your home, but what you do with it.
Kiyosaki uses real-life examples to teach his lessons and drives home his message effectively. He also breaks down common misconceptions about the stock market, entrepreneurship and investment strategies.
