Rich Dad Poor Dad Summary

Rich Dad Poor Dad cover

Rich Dad Poor Dad: What The Rich Teach Their Kids About Money – That The Poor And Middle Class Do Not! by Robert T. Kiyosaki

In the bestselling personal finance book of all time, Robert Kiyosaki challenges the way people around the world think about money and investing. Think you need a high income to become rich? Think having a house is an asset? Do you know the difference between good and bad debt?


Want to get the full book in Kindle version? Get it from here:
AmazonRich Dad Poor Dad by Robert T. Kiyosaki from Audible


In Rich Dad Poor Dad, Robert Kiyosaki shares the story of his two dads: his real one, the “poor father”, and the father of his best friend, the “rich father”. The first one was well-educated and worked as an employee his whole life. The latter has street smarts and used that to become an entrepreneur, eventually becoming one of the wealthiest men in Hawaii (and Kiyosaki’s mentor).


INVESTING / RICH DAD POOR DAD

“People who avoid failure also avoid success.”


The two men’s very different views of money, investing and employment shaped Kiyosaki’s life and convinced him that financial education is crucial for everyone.

The poor and middle class work for money while the rich have money work for them, he argues.

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If you thought a house with a large mortgage is an asset, think again. Kiyosaki argues that because it produces no positive cash flow it’s actually a liability. You’d be better off investing in rental properties, stocks, bonds and so on.

Although he can take a very long time to make a point, Kiyosaki’s book is filled with sound advice on how to become financially stable and make your money work for you, instead of the other way around.


Want to get the full book in Kindle version? Get it from here:
AmazonRich Dad Poor Dad by Robert T. Kiyosaki from Audible


Speak Portuguese? Check out this summary of Rich Dad Poor Dad! And how about this other one: The Business of the 21st Century, also from Robert Kiyosaki.

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