This eBook is a summary of the bestselling book ‘Rich Dad Poor Dad’ by Robert Kiyosaki.
Rich Dad Poor Dad has been named the number one personal finance book of all time. Author Robert Kiyosaki writes about two dads, one his real father and the other his childhood friend’s father, the rich dad. The book discusses the ways in which both dads shaped Robert’s beliefs regarding money and investing. Rich Dad Poor Dad exposes the myth that to be rich you need to earn a high income. It also explores the difference between working for money and having money work for you.
A Book Summary
‘Rich Dad Poor Dad’ is a big book at over 280 pages, depending on the edition you read. If you are low on time, reading over 280 pages may simply be out of the question, that is where this eBook comes in! This eBook presents just the most important and impactful ideas discussed in ‘Rich Dad Poor Dad’, but removes the non-essential content. You are left with a summary that will provide all of the core benefits of reading the full 280 page book but without the time commitment.
‘Rich Dad Poor Dad’ is a story of two dads with very different opinions of money. One is a highly educated professor; the other dad is an eighth grade dropout. The highly educated dad passed away leaving his family with nothing except some unpaid bills. The eighth grade dropout dad became one of the richest men in Hawaii and left a business empire to his son. The educated dad would say “I can’t afford this”. The dropout dad would ask himself “How can I afford this?”.
Robert writes how the rich dad teaches two boys invaluable lessons about money by making them experience the lessons for themselves. The key concept of this book is to realize how to use your mindset and your time to create your personal wealth, free yourself from the “rat race”, open your eyes to the opportunities around you, create solutions and ultimately “mind your own business”. This book will teach you how to make money work for you and how not to become a slave to it.
Author Robert Kiyosaki retired at the age of 47 but continued to explore his love of investing. During his retirement he wrote Rich Dad Poor Dad which went on to be a #1 New York Times bestseller. Following the success of Rich Dad Poor Dad, Robert followed up with more books including Cash flow Quadrant, Rich Dad’s Guide to Investing and Rich Kid Smart Kid.