Why you should read "Rich Dad, Poor Dad" (2024)

Ermal Alibali

Why you should read "Rich Dad, Poor Dad"​

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Rich Dad, Poor Dad” is a personal finance book written by Robert Kiyosaki that was first published in 1997. The book is based on Kiyosaki’s own experiences growing up with two fathers – his biological father, who was a financially struggling schoolteacher, and his best friend’s father, who was a successful entrepreneur and investor.

The book explores the contrasting financial philosophies and advice of Kiyosaki’s two fathers, and the lessons he learned from each of them. The “rich dad” teaches Kiyosaki the importance of building wealth through entrepreneurship, investing, and financial education, while the “poor dad” emphasizes the importance of a good education and a steady job.

Why you should read "Rich Dad, Poor Dad" (9)Throughout the book, Kiyosaki argues that traditional education systems and societal norms often fail to teach people the skills and knowledge they need to build wealth and achieve financial independence. He encourages readers to seek out alternative sources of education and advice and to develop a mindset that is focused on wealth creation and financial success.

The book covers a wide range of topics, including the importance of diversification, the dangers of debt, and the role of taxes in building wealth. It also includes practical advice on investing, entrepreneurship, and personal finance management.

In addition to its informative and educational content, “Rich Dad, Poor Dad” is also a highly entertaining and engaging read. Kiyosaki uses personal anecdotes, examples, and metaphors to illustrate his points and make the concepts accessible to a wide audience. The book has become a bestselling classic in the personal finance genre and has inspired millions of readers to take control of their finances and build a brighter and more secure financial future.

There are several reasons why you should read “Rich Dad, Poor Dad” by Robert Kiyosaki. Here are a few of the key reasons:

  1. The book offers valuable insights and advice on personal finance and wealth building. Whether you are just starting out on your financial journey, or you are a seasoned investor, the book provides valuable lessons and perspectives that can help you achieve your financial goals and create a secure and prosperous future.
  2. The book challenges traditional notions of education, work, and wealth, and provides a fresh and inspiring perspective on how to achieve financial success and independence. Through its exploration of the contrasting financial philosophies and advice of Kiyosaki’s two fathers, the book encourages readers to seek out alternative sources of education and advice and to develop a mindset that is focused on wealth creation and financial success.
  3. The book is highly entertaining and engaging. In addition to its informative and educational content, “Rich Dad, Poor Dad” is also a highly entertaining and engaging read. Kiyosaki uses personal anecdotes, examples, and metaphors to illustrate his points and make the concepts accessible to a wide audience. This makes the book a fun and enjoyable read, as well as a valuable source of financial knowledge and advice.
  4. The book is a bestselling classic. “Rich Dad, Poor Dad” has been a bestselling book since its publication in 1997, and it has inspired millions of readers to take control of their finances and build a brighter and more secure financial future. This is a testament to the book’s timeless and valuable insights, and its enduring relevance and appeal.

Why you should read "Rich Dad, Poor Dad" (10)In conclusion, “Rich Dad, Poor Dad” is a thought-provoking and informative book that offers valuable insights and advice on personal finance and wealth building. Through its exploration of the contrasting financial philosophies and advice of Kiyosaki’s two fathers, the book challenges traditional notions of education, work, and wealth, and provides a fresh and inspiring perspective on how to achieve financial success and independence. Whether you are just starting out on your financial journey, or you are a seasoned investor, the book offers valuable lessons and perspectives that can help you achieve your financial goals and create a secure and prosperous future.

So if you want to learn more about building wealth, managing your money, and achieving financial independence, be sure to pick up a copy of “Rich Dad, Poor Dad” and start reading today.

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FAQs

Why you should read "Rich Dad, Poor Dad"? ›

The book encourages readers to think critically about their financial decisions, challenge their beliefs about money, and take proactive steps towards financial freedom.

What does Rich Dad Poor Dad teach you? ›

The most important lesson from Rich Dad, Poor Dad is that financial literacy is crucial to financial success. He argues that school education fails in this regard and needs to effectively teach financial literacy, including the basics of financial management and wealth building.

Is Rich Dad Poor Dad a reliable book? ›

Complaints about the book

There are many reports that Robert's “Rich Dad” does not exist and was made up. This is more than likely true, but there have been many personal finance books that are works of fiction. (The book Wealthy Barber comes to mind.)

Can beginners read Rich Dad Poor Dad? ›

Reading your first book is an exciting adventure. The choice of that first book can set the tone for your reading journey. “Rich Dad Poor Dad” by Robert Kiyosaki is a fantastic choice for beginners.

What is Rule #1 in Rich Dad Poor Dad? ›

Rule 1: The poor work for money. The rich put their money to work. Do you 'live to work, or work to live? ' This is one of the basic concepts 'Rich Dad, Poor Dad' sheds light on.

What are the six lessons in Rich Dad Poor Dad? ›

  • Understanding the 'Rich Dad, Poor Dad' Philosophy. ...
  • Lesson 1 — The Importance of Financial Education. ...
  • Lesson 2 — Assets vs. ...
  • Lesson 3 — The Power of Entrepreneurship. ...
  • Lesson 4 — Making Money Work for You. ...
  • Lesson 5 — The Importance of Mindset. ...
  • Lesson 6 — Taking Calculated Risks. ...
  • Putting It All Together — A Roadmap to Wealth.
Sep 27, 2023

What is the main point of lesson 4 Rich Dad Poor Dad? ›

In lesson 4 of “Rich Dad Poor Dad,” the author discusses the concept of “work to learn, not to earn.” He argues that many people focus too much on earning a high salary and not enough on learning valuable skills and gaining knowledge.

Is Rich Dad Poor Dad a self-help book? ›

"Rich Dad Poor Dad" by Robert Kiyosaki is a personal finance and self-help book that conveys several key messages about wealth-building, financial education, and mindset. Here are the eight important takeaways from the book: Financial education is a key factor in achieving financial success.

Can a 14 year old read Rich Dad Poor Dad? ›

This book is awesome for teens and the author has shared his personal experience when he was in school and a very practical guide. Must read this!

Is Rich Dad Poor Dad in debt? ›

Robert Kiyosaki, the author renowned for his best-selling book “Rich Dad Poor Dad,” has again captured the public's attention with his unconventional financial strategies, this time revealing a staggering $1.2 billion in debt.

What books does Robert Kiyosaki recommend in Rich Dad Poor Dad? ›

Books recommended by Robert Kiyosaki
  • Emotional Intelligence.
  • Unlimited Power.
  • Influence.
  • The E-Myth Revisited.
  • Zero to One.
  • The Millionaire Next Door.

How did Robert Kiyosaki make his money? ›

What Does Robert Kiyosaki Do for a Living? Robert Kiyosaki is an entrepreneur, financial educator, radio show host, investor, and author. He and his wife, Kim, earn money from their books, courses, coaching, and speaking appearances, as well as through their investment portfolio.

Does Rich Dad Poor Dad teach real estate? ›

The first lesson in the book says it all: The poor work for money and the rich make their money work for them. Even though the book is most popular among real estate investors, it does NOT teach you “HOW” to invest.

What is the 90 10 rule rich dad? ›

As you learn more about money, you'll discover the 90/10 rule: 90 percent of people earn 10 percent of the money in the world. How do they do this? By positioning themselves to have low income and high expenses.

What is the money quote from Rich Dad Poor Dad? ›

The love of money is the root of all evil." The lack of money is the root of all evil. I'd rather welcome change than cling to the past. The single most powerful asset we all have is our mind. If it is trained well, it can create enormous wealth in what seems to be an instant.

What does Rich Dad Poor Dad say about saving? ›

Robert Kiyosaki, the bestselling author of “Rich Dad Poor Dad,” has argued — against conventional wisdom — that “the historical advice to 'save' is no longer a sufficient way to prepare for retirement.” According to him, you won't be able to retire if you rely on saving money alone.

What the rich teach their children? ›

14 money lessons rich parents teach their kids
  • Success isn't free. Wealth and success take work. ...
  • Expect to make it. The wealthiest people set high expectations. ...
  • Fall in love with work. ...
  • Invest. ...
  • You deserve to make it. ...
  • Choose prosperity over entertainment. ...
  • Rich people are not always smarter.
Jan 26, 2018

What does the psychology of money teach you? ›

It provides valuable insights into the psychology of long-term investments and the very real human factors influencing investment decisions and money management approaches. The book reveals the connection between money, emotions, biases, and uncertain long-term strategies.

What is the lesson 8 of Rich Dad Poor Dad? ›

In Chapter 8 of "Rich Dad Poor Dad," author Robert T. Kiyosaki dives into the importance of financial literacy and the significance of understanding the difference between an asset and a liability. Kiyosaki uses real-life examples to elucidate these key points, which are fundamental to achieving financial success.

What we learn from the business school by Robert Kiyosaki? ›

According to Robert Kiyosaki – If we want to be financially free, we should have three types of education which are – academic, professional, and financial. Academic education teaches us to read, write and do maths; business education teaches us to work for money, and financial education teaches us how money works.

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