Rich Dad, Poor Dad by Robert T. Kiyosaki
Author Robert Kiyosaki shares his true story of lesson learnt about money from his two ‘dad’s. These lessons were learnt from his own dad who was highly educated yet not successful financially and from his friend’s ‘dad’ who was a school dropout only to become a multi millionaire.
Through the story of these two men, their financial concepts and strategies are compared showing the need for a new concept in thinking about one’s financial future in this new millennium.
Choosing to follow the lessons taught by his closest friend’s father who was a multimillionaire eighth grade dropout, Author Robert Kiyosaki was able to retire at 47. Now he lays out his philosophy behind his relationship with money, its main message being the need for having financial literacy that’s never been taught in schools. Based on the principle that the rich acquire income generating assets and that the poor acquire liabilities, one will learn to define between an asset and a liability, an important principle for one to accumulate wealth.
In ‘Rich Dad, Poor Dad’, Robert Kiyosaki explains how to make your money work hard for you instead of you working hard for money. He explodes the myth that you need to earn a high income to become rich and challenges the belief that your house is an asset. He also explains to parents why they can’t rely on the school system to teach their kids about money
Rich Dad Poor Dad is an important read for anyone who wants to get over the top financially.
