Rich Dad Poor Dad - best selling book series with summary by Robert T. Kiyosaki

Rich Dad Poor Dad - best selling book series with summary by Robert T. Kiyosaki

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Rich Dad Poor Dad is Robert's story of growing up with two dads his real father and the father of his best friend, his rich dad and the ways in which both men shaped his thoughts about money and investing. The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you. Rich Dad Poor Dad...Explodes the myth that you need to earn a high income to become rich Challenges the belief that your house is an assetShows parents why they can't rely on the school system to teach their kidsabout moneyDefines once and for all an asset and a liabilityTeaches you what to teach your kids about money for their future financialsuccess

Introduction:

"Rich Dad Poor Dad" is a book written by Robert Kiyosaki, which was first published in 1997. The book has since become a bestseller and has sold millions of copies worldwide. The book is based on Kiyosaki's personal experiences with his two fathers - his biological father (poor dad) and his best friend's father (rich dad). The book provides a guide to financial literacy and teaches readers about the importance of financial education, creating wealth, and achieving financial freedom.

Chapter 1: Rich Dad, Poor Dad

In the first chapter of the book, Kiyosaki introduces readers to his two fathers - his biological father (poor dad) and his best friend's father (rich dad). He explains that both fathers had different mindsets when it came to money, and this influenced his own financial beliefs and behavior. Kiyosaki explains that his poor dad believed in the traditional path of education and getting a job, while his rich dad believed in creating wealth through entrepreneurship and investing.

Chapter 2: The Rich Don't Work for Money

In this chapter, Kiyosaki explains that the rich do not work for money, but instead, they make money work for them. He emphasizes the importance of financial education and understanding how money works. Kiyosaki also stresses that fear and ignorance are the main reasons why people work for money and don't make it work for them.

Chapter 3: Why Teach Financial Literacy?

In this chapter, Kiyosaki argues that financial literacy is not taught in schools, and this has led to a lack of financial education among many people. He believes that this is a major problem, and that it is important to teach financial literacy to children and adults alike. Kiyosaki explains that financial literacy involves understanding the language of money, knowing how to make money work for you, and understanding the difference between assets and liabilities.

Chapter 4: Mind Your Own Business

In this chapter, Kiyosaki explains that it is important to mind your own business when it comes to finances. He emphasizes the importance of creating assets, such as businesses and investments, that generate income. Kiyosaki also stresses the importance of keeping expenses low and investing in assets that appreciate in value.

Chapter 5: The History of Taxes and the Power of Corporations

In this chapter, Kiyosaki provides a brief history of taxes and how they have affected the wealthy and the middle class. He also explains the power of corporations and how they can be used to reduce taxes and create wealth. Kiyosaki believes that understanding the tax system and using corporations effectively can help people achieve financial freedom.

Chapter 6: The Rich Invent Money

In this chapter, Kiyosaki emphasizes the importance of creativity and innovation when it comes to creating wealth. He argues that the rich are able to invent money by creating new products and services that solve problems and meet people's needs. Kiyosaki believes that anyone can become wealthy by using their creativity and innovation to create value in the marketplace.

Chapter 7: Work to Learn—Don't Work for Money

In this chapter, Kiyosaki argues that the traditional path of education and getting a job does not lead to financial freedom. He believes that it is important to focus on learning, rather than earning, in order to become wealthy. Kiyosaki explains that the rich are constantly learning and developing new skills, and that this is what allows them to create wealth.

Chapter 8: Overcoming Obstacles

In this chapter, Kiyosaki discusses the obstacles that people face when trying to achieve financial freedom. He explains that fear, laziness, cynicism, and arrogance are all obstacles that can prevent people from achieving their financial goals

first published on https://www.linkedin.com/pulse/rich-dad-poor-book-summary-yousef-alsafadi/

The Rich Dad book series

The Rich Dad book series by multiple authors includes books Rich Dad, Poor Dad, Cashflow Quadrant: Rich Dad's Guide to Financial Freedom, Rich Dad's Guide to Investing, and several more. See the complete Rich Dad series book list in order, box sets or omnibus editions, and companion titles.

 

 

 

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Book details

  • Paperback
  • 183 pages
  • English
  • 1612680194
  • 9781612680194

About Robert T. Kiyosaki

robert kiyosaki, author of rich dad poor dad - the international runaway bestseller that has held a top spot on the new york times bestsellers list for ove Read More about Robert T. Kiyosaki
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