Description

rich dad poor dad by robert t. kiyosaki is a personal finance book published in 1997 that explores the differences in mindset and financial strategies between kiyosaki’s two father figures: his biological father (the “poor dad”) and the father of his best friend (the “rich dad”).

the book contrasts the approaches of these two men to money, investing, and work. the “poor dad,” despite being well-educated and holding a stable job, struggles with financial difficulties and traditional beliefs about money. in contrast, the “rich dad” is a successful entrepreneur with unconventional views on wealth and financial management.

kiyosaki uses their differing philosophies to illustrate key lessons about building wealth. he emphasizes the importance of financial education, investing in assets rather than liabilities, and understanding how money works. the book advocates for taking calculated risks, focusing on cash flow, and leveraging investments such as real estate and small businesses to achieve financial independence.

rich dad poor dad encourages readers to rethink conventional wisdom about work and money, and to develop a mindset that fosters financial growth and freedom. its practical advice and accessible writing have made it a popular resource for those looking to improve their financial literacy and achieve greater financial success.