Description
Written by Robert Kiyosaki and Sharon Lechter in 1997, Rich Dad Poor Dad is based mostly on Kiyosaki’s young days spent in Hawaii. Enriched by Kiyosaki’s personal experience and the teachings he received from his rich dad and poor dad, the book highlights different attitudes towards money, work and life.
Framed around six main teachings and lessons, the book is mostly a self-reflection. Apart from the financial benefits, the book also describes and highlights the teachings he got from his poor dad, i.e., empathy and responsibility towards society.
Described as a personal finance book, it has not only challenged, but has also changed the way people think about money. The book talks about Kiyosaki’s background, his business ventures and investments and variation between possessions and liabilities and what importance they both have in terms of starting and owning a business. It also sheds light on the teachings given by rich to their kids, which is usually missed by poor as well as the middle class parents and why it is important to have financial literacy over and above all.
It also provides impetus on doing work for learning and not for earning and teaches the importance of investing and building business. This path-breaking book also showcase how one must be prepared to take action and risk and communicates the idea of how one’s primary residence is a liability and not an asset. It communicates the importance of intelligence and literacy in terms of finance and how financial and entrepreneurial skills play a vital role in the success. How to use power and prosper with the help of investment skills and why it is important to possess investment skills are also written in clear and crisp words in this book.
Ankush Shukla (Verified Purchase)
It was one of the first few books that I read and it was after reading this book that I got to know how important investing is and how to make money work for you. If you’re starting your career you must read it. The print size is a little small though.
Vimal Dev (Verified Purchase)
I have read it and need to analyze my game with the rich dad and poor dad game. The thought of investment makes me little fear but end of the book tells how to handle the investment. Need to learn a lot and learnt some valuable information using this book.
Pravin Khandagale (Verified Purchase)
A great positive read. The only thing that I wonder is that most of the contexts shared is with regards to the things that can be done in US but seems irrelevant in India. But it shares great message about the things that needs to be focused on if one wants to be financially free…
Arnab Bhattacharyya (Verified Purchase)
Great book, one must better learn these concepts before starting career. Easily readable, completed within 5 days.
Jagat Khurana (Verified Purchase)
Explains about how poor and middle class people think about money and why they financially struggle through out their life. And also explains how rich people think and become richer. I came to know the difference between asset and liability and which one is important.