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Rich Dad Poor Dad: A Summary Rich Dad Poor Dad is a book about personal finance by Robert Kiyosaki. The book is based on Kiyosaki’s own experiences as a child, growing up with two fathers: his biological father, who he calls “poor dad”, and his best friend’s father, who he calls “rich dad”.
Kiyosaki’s poor dad was a highly educated man who worked hard his whole life but never achieved financial security. His rich dad, on the other hand, was a high school dropout who became a multi-millionaire.
In Rich Dad Poor Dad, Kiyosaki shares the lessons he learned from his rich dad about money and investing. He argues that the traditional advice about money is outdated and that people need to think differently about how they earn, save, and invest money.
Key lessons from the book
- The rich don’t work for money. They make their money work for them.
- The rich buy assets. Assets are things that put money in your pocket, such as stocks, bonds, and real estate.
- The rich don’t pay taxes. They use legal loopholes to avoid paying taxes.
- The rich are financially literate. They understand how money works and how to make it grow.
Rich Dad Poor Dad has been a controversial book since it was first published in 1997. Some people have criticized Kiyosaki’s advice, arguing that it is unrealistic or even dangerous. However, the book has also been praised by many people, including Oprah Winfrey and Will Smith.
Whether you agree with Kiyosaki’s advice or not, there is no doubt that Rich Dad Poor Dad is a thought-provoking book that has helped many people to think differently about money.
What do you think?
Have you read Rich Dad Poor Dad? What did you think of it? Let us know in the comments below!
I hope you enjoyed this short blog post on Rich Dad Poor Dad. If you are interested in learning more about personal finance, I encourage you to check out the book. It is a great resource for anyone who wants to improve their financial literacy.
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