Rich Dad, Poor Dad

“Money comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth.”

Rich Dad Poor Dad is a 1997 book written by “Robert Kiyosaki” and “Sharon Lechter”. It advocates the importance of financial literacy (financial education), financial independence and building wealth through investing in assets, real estate investing, starting and owning businesses, as well as increasing one’s financial intelligence (financial IQ) to improve one’s business and financial aptitude. Robert Kiyosaki followed the book with Rich Dad’s Cashflow Quadrant and Rich Dad’s Guide to Investing. He has at least a dozen books published.  

Rich Dad Poor Dad is about Robert Kiyosaki and his two dads—his real father (poor dad) and the father of his best friend (rich dad)—and the ways in which both men shaped his thoughts about money and investing.

Rich Dad Poor Dad Lessons:

  1. Lesson 1: The Rich Don’t Work for Money
  2. Lesson 2: Why Teach Financial Literacy?
  3. Lesson 3: Mind Your Own Business
  4. Lesson 4: The History of Taxes and The Power of Corporations
  5. Lesson 5: The Rich Invent Money
  6. Lesson 6: Work to Learn—Don’t Work for Money

The Five Big Ideas According to “Rich Dad Poor Dad”:

  1. The poor and the middle-class work for money. The rich have money work for them.
  2. It’s not how much money you make that matters. It’s how much money you keep.
  3. Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.
  4. Financial aptitude is what you do with money once you make it, how you keep people from taking it from you, how to keep it longer, and how you make money work hard for you.
  5. The single most powerful asset we all have is our mind.
  • Authors: Robert Kiyosaki, Sharon Lechter
  • Genres: Self-Help, Business & Economics
  • Originally published: 1997
  • Rich Dad Website: https://www.richdad.com/
Best Quotes From "Rich Dad Poor Dad"
  • “In school we learn that mistakes are bad, and we are punished for making them. Yet, if you look at the way humans are designed to learn, we learn by making mistakes. We learn to walk by falling down. If we never fell down, we would never walk.”
  • “Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success.”
  • “You’re only poor if you give up. The most important thing is that you did something. Most people only talk and dream of getting rich. You’ve done something.”
  • “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.”
  • “If you realize that you’re the problem, then you can change yourself, learn something and grow wiser. Don’t blame other people for your problems.”
About The Author:
Robert Toru Kiyosaki

Robert Toru Kiyosaki (born April 8, 1947) is an American businessman and author. Kiyosaki is the founder of Rich Global LLC and the Rich Dad Company, a private financial education company that provides personal finance and business education to people through books and videos. The company’s main revenues come from franchisees of the Rich Dad seminars that are conducted by independent individuals using Kiyosaki’s brand name for a fee. He is also the creator of the Cashflow board and software games to educate adults and children about business and financial concepts.

Sharon L. Lechter

Sharon L. Lechter (born January 12, 1954) is an American accountant, author, and businesswoman. She is the co-author of Rich Dad Poor Dad, and the founder and CEO of Pay Your Family First, a financial education organization.

In 1997, Lechter co-authored the book Rich Dad Poor Dad, along with 14 other books in the Rich Dad series, and was CEO of the Rich Dad company for over 10 years. She also annotated Outwitting the Devil (1938), in cooperation with the Napoleon Hill Foundation, and co-authored its publication, Three Feet from Gold.

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