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Rich Dad Poor Dad

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About this book

April 2017 marks 20 years since Robert Kiyosaki's Rich Dad Poor Dad first made waves in the Personal Finance arena. It has since become the #1 Personal Finance book of all time... translated into dozens of languages and sold around the world. Rich Dad Poor Dad is Robert's story of growing up with two dads -- his real father and the father of his best friend, his rich dad -- and the ways in which both men shaped his thoughts about money and investing. The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you. 20 Years... 20/20 Hindsight In the 20th Anniversary Edition of this classic, Robert offers an update on what we've seen over the past 20 years related to money, investing, and the global economy. Sidebars throughout the book will take readers “fast forward” -- from 1997 to today -- as Robert assesses how the principles taught by his rich dad have stood the test of time. In many ways, the messages of Rich Dad Poor Dad, messages that were criticized and challenged two decades ago, are more meaningful, relevant and important today than they were 20 years ago. As always, readers can expect that Robert will be candid, insightful... and continue to rock more than a few boats in his retrospective. Will there be a few surprises? Count on it. Rich Dad Poor Dad... • Explodes the myth that you need to earn a high income to become rich • Challenges the belief that your house is an asset • Shows parents why they can't rely on the school system to teach their kids about money • Defines once and for all an asset and a liability • Teaches you what to teach your kids about money for their future financial success Bron: Flaptekst, uitgeversinformatie.
Language
English
Publisher
Project Gutenberg
Release date
January 1, 2021
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AI-Powered Insights

A clearer way to understand Rich Dad Poor Dad through themes, characters, and key ideas

This reading guide highlights what stands out in Rich Dad Poor Dad through 5 core themes, 4 character profiles. It is meant to help readers decide whether the book fits their taste and deepen the reading once they begin.

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About this book

A quick AI guide to “Rich Dad Poor Dad

Get the shape of the book before you commit: what it is about, what mood it carries, and what ideas readers tend to stay with afterward.

~6h readbeginnerinsightfulmotivationalchallenging

What the book is doing

Robert Kiyosaki's "Rich Dad Poor Dad" presents an autobiographical narrative contrasting the financial philosophies of his biological father (Poor Dad, a highly educated but financially struggling government employee) and his best friend's father (Rich Dad, a successful entrepreneur with little formal education). The book challenges conventional wisdom regarding money, work, and education, advocating for financial literacy, asset accumulation, and entrepreneurial thinking over traditional employment. It aims to empower readers to escape the 'rat race' by understanding the difference between assets and liabilities and making their money work for them, rather than working solely for money. The 20th-anniversary edition further contextualizes these timeless principles with updates on the global economy and investing landscape.

Key Themes

Financial Literacy and Education

This is the central theme, arguing that traditional education systems fail to equip individuals with the necessary financial knowledge. Kiyosaki emphasizes the importance of understanding accounting, investing, markets, and the law to build wealth.

Asset vs. Liability

A foundational concept where Kiyosaki redefines these terms based on cash flow: an asset puts money in your pocket, a liability takes money out. This challenges the common perception that a house is always an asset.

A line worth noting
The rich don't work for money.
A good discussion starter

How does Kiyosaki's definition of an 'asset' and a 'liability' challenge traditional financial thinking, and do you agree with it?

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