The Book in Three Sentences
- Rich Dad Poor Dad is about Robert Kiyosaki and his two dads – his real father (Poor Dad) and the father of his best friend (Rich Dad) – and the ways in which both men shaped his thoughts about money and investing.
- You don’t need to earn a high income to be rich.
- Rich people make money work for them.
In Rich Dad Poor Dad, The #1 Personal Finance book all the time, Robert Kiyosaki shares the story of his two dads: his real father (Poor Dad) and the father of his friend, the man who became his mentor and his ‘Rich Dad’.
One man was well educated and an employee all his life, the other’s educate was “street smarts” over traditional classroom education and he took the path of Entrepreneurship- a road that led him to become one of the wealthiest men in Hawaii.
Robert’s poor dad struggled financially all his life and these two dads- these very different points of view of money, investing, and employment- Shaped Robert’s thinking about money.
Rich Dad Poor Dad will…
- Explode the myth that you need to earn a high income to become rich.
- Challenge the belief that your house is not your asset
- Show parents why they can’t rely on the school system to teach their kids about money
- Define, Once and for all, an asset and a liability
- Explain the difference between good debt and bad debt
- Teach you to see the world of money from a different perspective
- Discuss the shift in mindset that can put on the road to financial freedom
The Five Big Ideas from Rich Dad Poor Dad-
- The poor and the middle-class work for money. The rich have money work for them.
- it’s not how much money you make that matters. It’s how much money you keep.
- Rich People acquire assets. The poor and middle class acquire liabilities that they think are assets.
- Financial aptitude is what you do with the money once you make it, how you keep people from taking it from you, how to keep it longer, and how you make money work hard for you.
- The single most powerful asset we all have is our mind.
So in this article, I explained a brief summary of Rich Dad Poor Dad book, You can read this book to understand the overall concept of money.
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