Rich Dad, Poor Dad

What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!

by Robert T. Kiyosaki

Number of pages: 274

Publisher: Plata Publisher

BBB Library: Business Classics

ISBN: 978-1612680019

About the Author

Robert Kiyosaki has challenged and changed the way tens of millions of people around the world think about money. He is an entrepreneur, educator, and investor who believes that each of us has the power to makes changes in our lives, take control of our financial future, and live the rich life we deserve. With perspectives on money and investing that often contradict conventional wisdom, Robert has earned an international reputation for straight talk, irreverence, and courage and has become a passionate and outspoken advocate for financial education.


Editorial Review

The book is a story of Robert Kiyosaki, the author and narrator, who has two dads: the biological father (the poor one), and the other dad who was the father of his close childhood friend. Both dads taught the author how to achieve success but from different perspectives, and throughout the book, the author compares between the dads, their principles, approaches, and financial opinions. This comparison makes the book vital, and gives the reader deep experiences and comprehensive view for financial growth and welfare. It also enlightens the main means to be rich. These means are not taught in schools or colleges, as they are the summary of decades of hard work, success and failures.

Book Reviews

"If you’re looking for a great book to read during the winter months this year, Rich Dad Poor Dad is a great place to start. Not only is it entertaining but also offers readers an opportunity to heighten their own financial intelligence by way of relatable nonfiction parables.”—

"Rich Dad Poor Dad is a motivational book that offers insight into the way rich people view money. “ — Income School

"If you are serious about long-term improvement of your financial situation, and are willing to admit that you know little, you should buy this book.”— Tom Bulter-Bowdon

"One of the best books I've come across on financial education has been Rich Dad, Poor Dad by Robert Kiyosaki. I've since become a huge fan of Robert Kiyosaki and have read many of his other books and watched a lot of videos of him.”— Project Life Mastery

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Wisdom to Share

This fight for learning from life setbacks needs energy, passion, and a burning desire.

For the majority of people, when it comes to money, they tend to play the safe game with fear instead of passion; so that they become poor or stuck in the middle class.

If people believe that money will solve problems, they are totally wrong. Instead, being smart will solve problems and produce money.

Financial struggle of poor and middle class people is because they work all their life for someone else to end their working days with nothing except some money to pay for taxes and bills.

To achieve financial security, one needs to have his/her own business. This business relies mainly on assets as a source of income.

The rich focus on their assets instead of focusing on their income statements.

Financial literacy is the ability to read and understand financial statements in order to identify the strengths and weaknesses of any business. It is an important skill if you want to create an empire.

Fear of losing money is the most common type of fear, even among the rich. The main goal isn’t not to fear, but how to manage this fear. The primary difference between a rich person and a poor person is how they handle fear.

Most people are poor because of their doubt of losing and the preference to be safe.

To achieve financial success, you must overcome arrogance. Every time you are arrogant, you will lose money, because when you are arrogant, you can't differentiate between what is important and what is not.

To be rich, you have to do more than just having a job. You need to be free enough to take the risk of having your own life.

With every dollar we get in our hands, we hold the power to choose our future to be rich, poor or middle class. Our spending habits reflect who we are. Poor people simply have poor spending habits.

The only and the most important asset we all have is our mind; so you have to invest in yourself first, then to buy other investments.

You’re only poor if you give up. The most important thing is that you did something. Most people only talk and dream of getting rich.

Life is the best teacher of all. Most of the time, life does not talk to you, it just pushes you around. Each push is life saying, ‘Wake up. There’s something I want you to learn.

If you learn life’s lessons, you will do well. If not, life will just continue to push you around. People do two things. Some just let life push them around. Others get angry and push back. But they get angry and push back against their boss, or their job, or their husband or wife. They don’t know it’s life that’s pushing.

An asset is something that puts money in [your] pocket. A liability is something that takes money out of [your] pocket.

Illiteracy both in words and numbers is the foundation of financial struggle.

Often in the real world, it's not the smart who get ahead but the bold.

We all have tremendous potential and we all are blessed with gifts. Yet the one thing that holds us back is some degree of self-doubt. It is not so much the lack of technical information that holds us back, but more the lack of self-confidence.