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Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! is a book in which Robert Kiyosaki shares the secrets of increasing one’s financial independence and financial intelligence.
Summary Of The Book
In the book Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! Robert Kiyosaki advocates financial independence through owning businesses, investing, and real estate. He also talks about increasing one's financial intelligence.
What makes somebody rich? Is it hard work that matters the most? Or does one need to make the right financial decisions at the right time to be rich? This book answers these questions with the help of six easy to apprehend learn lessons. Written in the style of a set of parables, it is based on the real life of the author. Robert Kiyosaki takes the reader to his own childhood that he spent in Hawaii.
He promotes the philosophy of wealth creation and emphasizes on purchasing income generating assets. To prove his point, he offers real life examples and relates his own story in which he had two people who influenced him the most. One was his real father – an educator who worked hard to make money, and the other was his father’s best friend – a real estate tycoon who is the Rich Dad of the book and is extremely successful.
His biological father, the Poor Dad of the story, bought consumer goods for his family’s satisfaction and had to remain financially dependent for his entire life. The Rich dad, on the other hand, used his money to create more money-making assets. And this is the attitude that the author highlights throughout the book and says is the basic difference between the poor and the rich.
He values the ownership of high value assets more than being just an ordinary employee. He provides a new look at an old financial mindset. This book claims to teach people how to become rich without requiring a high income and take control of one’s financial future.
The book remained on The New York Times paperback ‘advice’ chart for 100 weeks. It has sold more than 26 million copies. Robert Kiyosaki, a millionaire himself, teaches what kids need to be taught about money and how even poor parents train their kids to be rich someday!
About Robert Kiyosaki
Robert Kiyosaki is an internationally acclaimed American author, motivational speaker, investor, financial commentator, and businessman.
Other books written by Kiyosaki include The Business Of The 21st Century, Rich Dad's Cashflow Quadrant: Guide to Financial Freedom, Rich Dad’s Guide To Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not!, and Retire Young Retire Rich: How To Get Rich Quickly And Stay etc.
Born in 1947, he was born in Hilo in Hawaii. He graduated from the U.S. Merchant Marine Academy in New York. Today he operates the Rich Dad Company and Cashflow Technologies, Inc. He was a helicopter gunship pilot and was presented with the Air Medal. He took retirement in 1997 and operates various business ventures and other investments. He has invested in many business ventures like Mining, Real Estate, Silver and Gold trading, Oil drilling and a few more.
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Dec 8, 2015
Rich Dad Poor Dad-Great; Delivery & Product-Disappointing
Nov 20, 2015
A good book for a new investor
Aug 21, 2015
Really Niice book. Layman Language. Even a 15 year kid can understand the gist.
May 27, 2015
Delhivery very poor
Apr 29, 2015
A must book for financial growth
Feb 13, 2012
Being a Billionaire isn't That Difficult!Having money doesn't make you a Millionaire, the financial literacy you have makes you a Millionaire. This book takes you to the depth of the attitude of the people towards money. If you want to get out the rat race, difference between asset and liability, financial literacy!! This book is the end to your search.
Mar 6, 2014
Good personal finance bookI am a big fan of Rob's mission of spreading financial literacy. He does provide great emphasis on savings & investments in this book. It should be a mandatory reading for everyone specially those in schools and colleges. You would be amazed to find how our understanding of assets and liabilities is so screwed up. His thoughts are eyeopeners for everyone. Buy assets NOT liabilities!!
Nov 17, 2011
Must read for everyone!The value of every book depends on how much you learn and apply from it. In this book Robert has tried the best to lay a concrete foundation of financial literacy in the minds of everyone using simple layman language. The earlier you read the better this book will be for You. It throws light on simple formulas for gathering wealth.
Praveen Kumar Kadali
Oct 20, 2013
Book Review(Complete)Aspects I like Personally, I like this book because it explains the need for financial literacy and explained the concepts in a very fundamental level .This book are not just about the money but how we are trained to think. It helped in looking things differently. The most important part I found in this is not to work for money but to work for learning. The author is successful in explaining these concepts by giving us the scene of action, than lecturing in a formal manner .This book teaches that for an individual to be wealthy, he must work to possess the … (Expand)
Jun 27, 2012
Double thumbs DOWN....Even a illiterate indian villager can give you much more useful information on this subject matter(purchasing of land) than this author of Rich Dad series.Every individual knows that investment in property/land is yielding astonishing returns due to real estate boom...then what's new & different in this book??????
Jul 17, 2014
RICH DAD POOR DADawesome book.. a must read for all who want to be an ENTEPRENEUR n not mere an EMPLOYEE. Mr. Kiyosaki, a well known writer tells you how he became successful and so others can be.
Jun 7, 2014
Appropriate titleA very influential book for personal finance. Can be very helpful for managing money and it helps to understand the power of money.
Jun 5, 2014
Show Me The Money!One of acquaintance recommended me this book and YES, It is worth reading and spending money and time for. No doubt it is one of the best sellers.
May 21, 2013
Not an investment!This book is not about investment at all. It gives no data or insight into anything related to investment. And the author goes on talking about things that make you feel like you could get rich, but not really talking about anything practical in order to achieve it. Its like a cult. You think it helps, but its just a waste of your time and money. If you are looking to get brainwashed, go ahead and read it.
Oct 28, 2011
who should read thisanyone who wants to become rich and is courageous enough not to heed to dogmas and has a very deep emotional reason to become rich,else the book is a waste of money and reading it will waste your time.