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Rich Dad Poor Dad

Rich Dad Poor Dad

By Robert T. Kiyosaki

What the Rich Teach Their Kids About Money – That the Poor and Middle Class Do Not! Plata Publishing, 2017.

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14 mins read

12 Key insights

A brief summary of Rich Dad Poor Dad

The number one personal finance book since 1997, this is the story of Robert Kiyosaki’s two fathers—his real father and his friend’s father—and their formative lessons about money and investing, what assets and liabilities really mean, and how your financial approach can work for or against you.

Key insights in Rich Dad Poor Dad

1
What do you get from this book? Learn the secrets for financial success through simple tips and persuasive examples
3
Always remember that money should work for you, instead of you working for money
4
Financial literacy starts with understanding the key differences between assets and liabilities
5
Mind your own business—focus on building a strong asset column instead of constantly working to make others rich
6
Build up your financial IQ to better understand how taxes work and help leverage strategies to keep your money
7
Learn how to “invent” money, even when your funds are low—don’t miss any opportunities that come your way
8
Seek job experiences that teach you a wide variety of skills instead of specializing in one area
9
Take practical steps to avoid common obstacles that stand in your way to becoming financially independent
10
Use Kiyosaki’s ten steps to awaken your financial genius and begin on your path to wealth
11
Summary of the key insights
12
Selected critiques in brief
13
Final word

Who should read Rich Dad Poor Dad

Entrepreneurs • parents • college students • investors • anyone who wants to improve their financial situation

About the author of Rich Dad Poor Dad

Robert T. Kiyosaki is an international bestselling author, investor, and teacher as well as the inventor of CASHFLOW 101, a board game that teaches people important financial strategies. Kiyosaki has worked in many fields, cultivating experiences which led to his influential perspective on money. Through his investments, he was able to retire at the age of forty-seven.ae

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Robert T. Kiyosaki

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