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.