Description:
Rich Dad Poor Dad is a personal finance book that tries to shift the way people think about money. Robert Kiyosaki shares his childhood story, where he grew up learning from two very different father figures. One was his own father, the “poor dad,” who believed in job security, steady income and traditional education. The other was his friend’s father, the “rich dad,” who believed in building assets, taking calculated risks and learning how money actually works. Through their contrasting lessons, Kiyosaki shows how both mindsets shaped his understanding of success.
The book focuses on the importance of financial education. It explains that schools rarely teach how to manage money, invest or build wealth. According to Kiyosaki, real financial strength comes from knowing how to create and grow assets. He breaks down the difference between assets and liabilities in simple terms, pointing out that many people mistakenly buy liabilities thinking they are assets. He also highlights the value of entrepreneurship, passive income and smart investing.