Rich Dad and Poor Dad – a Book Review

Rich Dad Poor Dad

Rich Dad Poor Dad: The Popularity

The book titled Rich Dad Poor Dad, first published in 1997, became a most recommended book for people interested in investment, money saving, and money growing. The book has been widely read and is currently a trending best seller. This book has become the #1 Personal Finance book of all time and has been translated into several languages.

Rich Dad Poor Dad has sold over 32 million copies in more than 51 languages across more than 109 countries, been on the New York Times bestsellers list for over six years, launched a series of books and related products; and received positive reviews from some critics.” – Wikipedia

Learn to Make Money Work for You

Rich Dad Poor Dad teaches how to use money as a powerful and effective tool for wealth development. It also belittles the view that once rich are always rich or rich are born rich. The books explains why your personal residence may not really be an asset and highlights the real difference between an asset and a liability, and much more.

Rich Dad versus Poor Dad: A Comparison  

In this book the author Robert Kiyosaki talks about his two dads; one is his biological father and other one is the father of his friend Mike. Robert’s father holds a high degree (PhD degree) and does a 9-5 job. In Robert’s eyes, his own father is an example of a poor man who spends his entire life depending on a single source of income.

Oppositely, his friend’s father happens to be a college dropout. Yet he always looks for opportunities, creates multiple sources of income and makes the money work for him instead of working for the money. This personality epitomises the rich person in the real sense.

However, that doesn’t mean that Kiyosaki downplays college education and suggests you to drop out. His point is that formal education may teach us how to make money but not how to manage and grow it the way we must.

According to Kiyosaki the main issue with the people is most of them struggle in spending years in schools but they don’t focus on how to grow money with money and how to invest wisely.

Some popular quotes from the book, Rich Dad Poor Dad

You are the image of your thoughts.

Being an employee is a short-term solution to a long-term problem.

A slave, even if he is paid a fortune, remains a slave.

What is the point of wanting to rise through the ranks of a company when you can own a company?

Title: Rich Dad Poor Dad

Author: Robert Kiyosaki

Publisher: Plata Publishing

Available: Amazon

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