Tuesday, 15 October 2019

Rich Dad Poor Dad is a 1997 book written by Robert Kiyosaki and Sharon Lechter. Rich Dad Poor Dad is Robert's story of growing up with two dads , his real father and the father of his best friend, his "rich dad", and the ways in which both men shaped his thoughts about money and investing. The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you.
It advocates the importance of financial literacy, financial independence and building wealth through investing in assets, real estate investing, starting and owning businesses, as well as increasing one's financial intelligence to improve one's business and financial aptitude. Rich Dad Poor Dad is written in the style of a set of parables, ostensibly based on Kiyosaki's 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.

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