Rich Dad Poor Dad Book Summary

Rich Dad Poor Dad book summary

If you’re looking for a comprehensive Rich Mom, Poor Dad book summary, you’ve come to the right place. This summary of the book features informal notes and highlights from the book. Read on to learn what Kiyosaki’s father has to say about his own success and what you can learn from him. It will change your life! Here are some of his most inspiring quotes. Read on to discover what makes his book so unique!

Rob Kiyosaki’s father

In Rich Dad Poor, author Rob Kiyosaki’s story of his biological father, a middle class father who didn’t complete high school, is portrayed as a father figure who was unable to teach his son how to become wealthy. Thankfully, Kiyosaki’s best friend’s dad, who was rich without a university degree, agreed to be his mentor. After Kiyosaki finished high school, he went on to build his own business empire and was soon rich.

Like many men who have followed the path of the “Rich Dad, Poor Mom” movement, Kiyosaki grew up with two “dads”: one who was well-educated and worked in government, and a wealthy one. As a result, both fathers influenced him to pursue an education and climb the corporate ladder. He learned to appreciate the value of a high-paying, secure job and the security it afforded.

Although his own father was not wealthy, his story carries many lessons that can be applied to anyone’s life. For example, many of us spend our earnings on stuff. But what if we can make money instead of working for it? That’s what Rob Kiyosaki aims to teach his readers in Rich Dad Poor Dad. The author also highlights how to make money without work in his own life.

Mike’s father

In the book Rich Dad, Poor, and Middle Class, Robert Kiyosaki tells the story of Mike’s father. Mike is a young boy who struggles with jealousy and envy of rich kids in school. He shares his frustrations with his best friend Mike, and the two make plans to talk to his rich dad about it. The boys meet Mike’s father, who has multiple businesses in the community. He offers them low-paying jobs, and even free ones. Together, they begin to learn about money, and they begin to borrow comic books from the local library.

The book explains the process of turning ideas into reality. Robert Kiyosaki’s father, who had been a high-ranking government official in Hawaii, helped his son brainstorm and implement several ideas to become rich. Robert and Mike’s first project, casting nickels out of lead, was not only a fail, but was also illegal. His poor dad explained the laws of counterfeiting and gave them an opportunity to earn more money.

After achieving a comfortable retirement age and a high level of income, both men made leaps in their financial status. While Mike took over his father’s large business, he expanded every aspect of it. Now, he’s raising his son to succeed in the same way, and someday, Mike will take over the empire. And if he succeeds in that mission, he’ll be just as successful as his father.

Robert Kiyosaki’s father

When reading Robert Kiyosaki’s book Rich Dad Poor, many people may be confused as to why his father is rich and his son is poor. The answer, in part, lies in Kiyosaki’s own experiences. His father left school when he was only 13 and began running his own business. In contrast, his friend’s father never went to college and became rich without any formal education. This experience gave Kiyosaki an understanding of how to become wealthy without a university degree.

In his memoir, Kiyosaki talks about his biological father, who was a Ph.D. who followed conventional career thinking. Despite this, he did not finish his eighth grade, but nevertheless struggled with money and eventually became the richest person in Hawaii. Although both fathers had their own different backgrounds, they had in common that they struggled financially. In Rich Dad Poor Dad, Robert Kiyosaki uses these experiences to demonstrate how to become wealthy, while avoiding the traps that make people poor.

During his early years, Robert was working at Xerox and he saw his colleagues being promoted while he was stuck at a low-paying job. His bosses would talk about pay raises and deductions rising as he got older. This made him realize he had to follow his father’s footsteps and create a wealth column. He began investing in Hawaii real estate and working harder to sell Xerox machines.