Description
Rich Dad Poor Dad by Robert Kiyosaki is a personal finance book that explains the difference between working for money and making money work for you. Kiyosaki grew up with two important influences: his biological father, whom he calls his “Poor Dad,” and the father of his best friend, whom he calls his “Rich Dad.” His Poor Dad was highly educated and valued job security, but struggled financially. His Rich Dad, who was less formally educated, focused on financial literacy, investing, and building businesses, which made him wealthy.
Through stories and lessons from both men, Kiyosaki emphasizes that schools often fail to teach practical money skills. He explains the importance of financial education, learning how to read money and investment opportunities, and understanding the difference between assets and liabilities. According to him, assets (like investments, businesses, or real estate) put money into your pocket, while liabilities (like debt or unnecessary expenses) take money out.
The main lesson of the book is that financial freedom comes not from a high-paying job but from developing a wealth mindset, creating multiple income streams, and letting money grow through smart investments. Kiyosaki encourages readers to think differently, take calculated risks, and focus on building assets that generate long-term financial independence.
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