Rich Dad Poor Dad Book Summary

If you’ve ever searched “best personal finance books to read” on Google, you’ve most likely seen the title “Rich Dad, Poor Dad” appear at the very top. The book, written by Robert T. Kiyosaki and Sharon L. Lechter, has reportedly sold more than 32 million copies in 51 languages across 109 countries since it was published in 2002.

“Rich Dad, Poor Dad” is an allegorical story about Robert Kiyosaki and his two dads, and how growing up with them shaped his financial views. The “poor dad” is Kiyosaki’s biological father, a highly educated college professor. The “rich dad” is Kiyosaki’s best friend’s father, a wealthy entrepreneur who owns dozens of businesses. Both dads offer conflicting advice on money.

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 over six years - is an investor, entrepreneur and educator whose perspectives on money and investing fly in the face of conventional wisdom. He has, virtually single-handedly, challenged and changed the way tens of millions, around the world, think about money. In communicating his point of view on why 'old' advice - get a good job, save money, get out of debt, invest for the long term, and diversify - is 'bad' (both obsolete and flawed) advice, Robert has earned a reputation for straight talk, irreverence and courage. Rich Dad Poor Dad ranks as the longest-running bestseller on all four of the lists that report to Publisher's Weekly - The New York Times, Business Week, The Wall Street Journal and USA Today - and was named "USA Today's #1 Money Book" two years in a row. It is the third longest-running 'how-to' best seller of all time.

👉 The Book in Three Sentences

1. 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.

2.You don’t need to earn a high income to be rich.

3. Rich people make money work for them.

👉 The Five Big Ideas

1. The poor and the middle-class work for money. The rich have money work for

them.

2. It’s not how much money you make that matters. It’s how much money you

keep.

3. Rich people acquire assets. The poor and middle class acquire liabilities that

they think are assets.

4. Financial aptitude is what you do with 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.

5. The single most powerful asset we all have is our mind.

🌟 Rich Dad Poor Dad Lessons 🌟

Lesson 1: The Rich Don’t Work for Money

Lesson 2: Why Teach Financial Literacy?

Lesson 3: Mind Your Own Business

Lesson 4: The History of Taxes and The Power of Corporations

Lesson 5: The Rich Invent Money

Lesson 6: Work to Learn—Don’t Work for Money

Lesson 7: Over Coming Obstacles

Lesson 8: Getting Started

Lesson 9: Still Want More? Here Are Some TO DO’s

Lesson 10: Final Thoughts

👉 Rich Dad Poor Dad Summary

“There is a difference between being poor and being broke. Broke is temporary. Poor is eternal.”

“Money comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth.”

“People’s lives are forever controlled by two emotions: fear and greed.”

“So many people say, ‘Oh, I’m not interested in money.’ Yet they’ll work at a job for eight hours a day.”

“Thinking that a job makes you secure is lying to yourself.”

“Intelligence solves problems and produces money.”

“You must know the difference between an asset and a liability, and buy assets.”

An asset puts money in your pocket. A liability takes money out of your pocket.

“Illiteracy, both in words and numbers, is the foundation of financial struggle.”

“Money often makes obvious our tragic human flaws, putting a spotlight on what we don’t know.”