Title : Rich Dad Poor Dad
Author : Robert Kiyosaki
Publisher : Warner Books Ed
Genre : Personal finance, entrepreneurship, business, investing, economics
Pages : 336
Rich Dad Poor Dad is a book that dwells on how to use money as a means to developing wealth.
It destroys the traditional idea that the rich are born rich and explains why your personal residence may not really be an asset, describes the real difference between an asset and a liability, and much more.
The author, Robert Kiyosaki had two main influential fathers in his life.
Poor Dad was Kiyosaki’s biological father, a man who was highly intelligent and very well educated. Poor Dad believed in studying hard and getting good grades, then finding a well-paying job. Yet, despite these seemingly positive attributes, Poor Dad didn’t do well financially.
Rich Dad was the father of Kiyosaki’s best friend. He had a similar work ethic to Kiyosaki’s real dad, but with a twist. Rich Dad believed in financial education, learning how money works, and understanding how to make money work for you. Although he was an eighth-grade dropout, Rich Dad eventually became a millionaire by putting the power of money to work for him.
The book is written from Kiyosaki’s perspective of how Rich Dad went about making money and the mistakes that Poor Dad made.
The first six chapters of Rich Dad Poor Dad make up about two-thirds of the book and discuss the six lessons that Kiyosaki learned from his Rich Dad.
I love this book because Kiyosaki conveyed a message that anyone can access financial stability if they learn not to work for money but make money work for them.