Rich Dad Poor Dad is a book written by Robert Kiyosaki and Sharon Lechter. It was first published in 1997 and has since become one of the best-selling personal finance books of all time. The book is based on Kiyosaki’s own experiences growing up with two fathers: his biological father, who was a highly educated but financially unsuccessful man, and his best friend’s father, who was a self-made millionaire.
The book’s central message is that the poor and middle class work for money, while the rich have their money work for them. Kiyosaki argues that this difference in mindset is the primary reason why some people are wealthy while others are not.
Rich Dad Poor Dad is divided into four parts:
- Part 1: The Rich Don’t Work for Money
- Part 2: The Rich Invest in Assets
- Part 3: The Rich Learn from Their Mistakes
- Part 4: The Rich Teach Their Children About Money
The book is full of practical advice on how to build wealth, including tips on investing, budgeting, and saving. It is a must-read for anyone who wants to learn how to create financial security for themselves and their families.
Here are some of the key lessons from Rich Dad Poor Dad:
- The rich don’t work for money. They make their money work for them.
- The poor and middle class spend their money on liabilities, which are things that lose value over time, such as cars and houses. The rich, on the other hand, invest in assets, which are things that appreciate in value over time, such as stocks and real estate.
- The rich learn from their mistakes. They don’t let their failures discourage them. Instead, they use their mistakes as an opportunity to learn and grow.
- The rich teach their children about money. They don’t wait for their children to grow up to teach them about financial responsibility. Instead, they start teaching their children about money at a young age.
Rich Dad Poor Dad is a valuable resource for anyone who wants to learn how to build wealth. It is a book that can help you change your mindset about money and take control of your financial future.