RICH DAD POOR DAD

Robert Kiyosaki’s Rich Dad Poor Dad was first revealed in 1997 and rapidly turned a must-read for individuals excited about investing, cash, and the worldwide financial system. The guide has been translated into dozens of languages, sold around the world, and has turn into the #1 Personal Finance guide of all time.

The overarching theme of Rich Dad Poor Dad is the method to use money as a software for wealth development.

It destroys the parable that the rich are born rich, explains why your private residence could not likely be an asset, describes the actual distinction between an asset and a legal responsibility, and much more.

Key Takeaways/Lessons Learned

Six lessons Robert Kiyosaki realized from his Rich Dad about being profitable and the errors that Poor Dad made

Five obstacles to beat earlier than you'll have the ability to turn out to be rich and keep rich

Ten steps to observe to develop your financial genius

Actionable to-do steps you can put to work right away

Chapter/Section Summaries

Rich Dad Poor Dad contains a total of ten chapters plus the introduction, but a lot of the book is concentrated on the primary six elements or lessons.

We’ll cover the introduction and the first six lessons first, then the remaining four sections later on this evaluation.

Introduction: Rich Dad Poor Dad

Chapter 1: The Rich Don’t Work for Money

Chapter 2: Why Teach Financial Literacy?

Chapter 3: Mind Your Own Business

Chapter 4: The History of Taxes and the Power of Corporations

Chapter 5: The Rich Invent Money

Chapter 6: Work to Learn – Don’t Work for Money

Introduction

Robert Kiyosaki, writer of Rich Dad Poor Dad, had two major influential fathers in his life. Poor Dad was Kiyosaki’s biological father, a man who was extremely smart and very nicely educated. Poor Dad believed in finding out exhausting and getting good grades, then finding a well-paying job. Yet, despite these seemingly optimistic 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 monetary schooling, studying how cash works, and understanding how to make money work for you. Although he was an eighth-grade dropout, Rich Dad finally turned a millionaire by putting the power of cash to work for him.

The book is written from Kiyosaki’s perspective of how Rich Dad went about earning money and the errors that Poor Dad made. The first six chapters of Rich Dad Poor Dad make up about two-thirds of the book and focus on the six lessons that Kiyosaki learned from his Rich Dad.

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