Summary and book reviews of Rich Dad, Poor Dad by Robert Kiyosaki

Rich Dad, Poor Dad

What the Rich Teach Their Kids about Money--that the Poor and the Middle Class Do Not!

by Robert Kiyosaki, Sharon L. Lechter

Rich Dad, Poor Dad
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  • Paperback:
    Apr 2000, 223 pages

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About this Book

Book Summary

Explodes the myth that you need to earn a high income to be rich, challenges the belief that your house is an asset, shows parents why they can't rely on the school system to teach their kids about money and tells you what to teach your children about money.

An overnight, word-of-mouth bestselling personal finance book phenomenon for millions of readers hoping to become masters of their money and create sustaining wealth for themselves and their families.

Personal-finance author and lecturer Robert T. Kiyosaki developed his unique economic perspective from two very different influences—his two fathers. One father (Robert's real father) was a highly educated man but fiscally poor. The other father was the father of Robert's best friend—that Dad was an eighth-grade dropout who became a self-made multimillionaire.

The lifelong monetary problems experienced by his "poor dad" pounded home the counterpoint communicated by his "rich dad." Taking that message to heart, Kiyosaki was able to retire at 47. Rich Dad, Poor Dad, written with consultant and CPA Sharon L. Lechter, lays out his philosophy behind Kiyosaki's relationship with money. Rich Dad, Poor Dad opens readers eyes by:
• Exploding the myth that you need to earn a high income to be rich

• Challenging the belief that your house is an asset

• Showing parents why they can't rely on the school system to teach their kids about money

• Defining once and for all an asset versus a liability...

and what to teach your kids about money for their future financial success.

Contents

There Is A Need

Part I: Lessons

  • Chapter One: Rich Dad, Poor Dad
  • Chapter Two: Lesson One - The Rich Don't Work for Money
  • Chapter Three: Lesson Two - Why Teach Financial Literacy?
  • Chapter Four: Lesson Three - Mind Your Own Business
  • Chapter Five: Lesson Four - The History of Taxes and the Power of Corporations
  • Chapter Six: Lesson Five - The Rich Invent Money
  • Chapter Seven: Lesson Six - Work to Learn-Don't Work for Money

Part II: Beginnings

  • Chapter Eight: Overcoming Obstacles
  • Chapter Nine: Getting Started
  • Chapter Ten: Still Want More?
  • Epilogue: College Education for $7,000


Rich Dad, Poor Dad

I had two fathers, a rich one and a poor one. One was highly educated and intelligent; he had a Ph.D. and completed four years of undergraduate work in less than two years. He then went on to Stanford University, the University of Chicago, and Northwestern University to do his advanced studies, all on full financial scholarships. The other ...

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Reviews

Media Reviews

USA Today

Rich Dad, Poor Dad is a starting point for anyone looking to gain control of their financial future.

Author Blurb Zig Ziglar, world-renowned author and lecturer
To get over the top financially, you must read Rich Dad, Poor Dad It's common sense and market savvy for your financial future.

Author Blurb Mark Victor Hansen, co-author, New York Times #1 bestselling Chicken Soup for the Soul series
If you want all insider wisdom on how to personally get and STAY rich, read this book! Bribe your kids (financially if you have to) to do the same.

Reader Reviews

Judson White

Avoiding the "rat race"
In the book, Rich Dad, Poor Dad, Robert T. Kiyosaki sheds light on how to stay out of debt and make your money work for you. “It’s a rat race” says Kiyosaki -“They work for the owners of their company, for the government paying taxes, and for the ...   Read More

Elendu Obinna

knowing what is important
The middle class dream and ideal has long been society's standard for the successful individual. holding onto that point of view can have disastrous financial consequences in the years to come. Rich Dad, Poor Dad helps us distill what to strive hard ...   Read More

kien

this is a goodbook , i think so . Thanks .

Jayme
I have read this book many times in the course of starting, building and working my own business. It came to me as recommended reading as part of a company that helped me build my own business. It showed me a new way of thinking and how I too could...   Read More

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