Rich Dad Poor Dad is a book by Robert Kiyosaki and Sharon Lechter. It teaches you how to be smart with your money and become rich.
The book tells the story of two dads: the rich dad and the poor dad. The rich dad is the father of Kiyosaki's friend, who is a successful businessman and investor. The poor dad is Kiyosaki's own father, who is a well-educated but poor employee.
The book shows the different mindsets and habits of the rich dad and the poor dad, and how they affect their financial situations. The book also gives you some lessons on how to improve your financial literacy and achieve financial freedom.
Some of the main lessons from the book are:
- The rich don't work for money, they make money work for them.
- You need to know the difference between assets and liabilities, and buy more assets than liabilities.
- You need to have your own business and invest in things that generate income, like real estate or stocks.
- You need to learn from your mistakes and take calculated risks.
- You need to keep educating yourself about money and how it works.
I hope this summary helps you understand the main idea of the book. If you want to learn more, you can read the full book .
Source:
(1) Rich Dad, Poor Dad Summary – Robert Kiyosaki Book. https://www.oberlo.com/blog/rich-dad-poor-dad.
(2) Rich Dad Poor Dad - Wikipedia. https://en.wikipedia.org/wiki/Rich_Dad_Poor_Dad.
(3) Rich Dad Poor Dad - a quick book summary and review - Roofstock. https://learn.roofstock.com/blog/rich-dad-poor-dad-summary.
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Taking risks sounds scary but necessary guess I’ve been playing it safe for too long.
Mindset really is everything huh. This was lowkey inspiring
Didn’t think I’d be into finance stuff but now I kinda wanna read the whole book .
Yo, read the book ages ago but this recap brought it all back. Nice one ..
This hit hard. I’ve been grinding 9-5 but not even thinking about passive income .. time to level up.
Thx for this! Finally get what “make ur money work for u” actually means lol.
Thx for this! Finally get what “make ur money work for u” actually means lol.
Ayy this actually makes sense now lol. Been hearing about assets/liabilities forever but never got it till now..
Thx for keeping it real most blogs just complicate stuff but u made it super easy to follow.
I wish they taught this in school tbh ..would’ve saved me a lot of trial n error.
Brooo passive income sounds like a dream rn. Gotta get on that grind fr ..
Nice one! Shared this with my cousin—he’s been tryna get into this mindset too ..
I needed this reminder today. Been slacking on my goals lately haha..
Ok but why does this make more sense than anything I learned in college.
Lmao the poor dad mindset hit way too close to home.
Appreciate how simple u made it. Not just fluff—real takeaways .. thx again!
Nice write-up! Got any more book recs like this one?
Whew this made me re-think how I use my cash fr might need to switch things up asap.