Rich Dad Poor Dad

by Robert T. Kiyosaki

“Rich Dad Poor Dad” by Robert T. Kiyosaki is a personal finance classic that contrasts the financial philosophies of two father figures in the author’s life: his biological father (whom he calls “Poor Dad”) and his best friend’s father (his “Rich Dad”).

Through these two figures, Kiyosaki explores the differences in mindset between those who struggle financially and those who build wealth.

The central message of the book is that financial education—specifically understanding the basics of money management, investing, and creating passive income—is key to achieving financial independence.

Kiyosaki emphasizes that traditional education often fails to teach practical financial skills, which leads many people to rely solely on a paycheck and miss out on opportunities to grow their wealth.

The book advocates for investing in assets that generate income, such as real estate and businesses, rather than liabilities that drain money. Kiyosaki also stresses the importance of taking calculated risks, learning about taxes and investing strategies, and shifting one’s mindset from being an employee to becoming an entrepreneur or investor. By doing so, individuals can escape the rat race and achieve financial freedom.

“Rich Dad Poor Dad” challenges conventional thinking about money, making it a must-read for anyone looking to improve their financial literacy and secure their financial future.