Rich Dad Poor Dad by Robert T. Kiyosaki

Description

“Rich Dad Poor Dad” is a personal finance book by Robert T. Kiyosaki, comparing the two approaches to money and wealth, both of which stem from the author’s experience with his two “dads”: the biological father he had (the “Poor Dad”) and the father of his best friend he didn’t have-but one who would have loved him if circumstances were different (the “Rich Dad”). This book contains personal finance knowledge, wealth-building techniques, and strategies toward achieving financial freedom. Here is a summary:

Title and Author: Rich Dad Poor Dad by Robert T. Kiyosaki.

Category/Genre: Personal Finance, Self-Help, Financial Education.

Summary: The book is all about Kiyosaki’s rearing and what he learns from his two fatherly figures with two very different philosophies of money and investing.

Poor Dad: Kiyosaki’s biological father was a well-educated man in a very traditional way. He believed one should work hard and get good education to secure a career and thereby financial security. Poor Dad never managed to become financially prosperous, however, although he had high education.
Rich Dad: He was Kiyosaki’s best friend’s father. The man did not have any college degree, but he knew a lot about money, investments and entrepreneurship being street-smart. This man made emphasis on earning financial freedom, thus showing Kiyosaki that he needed to concentrate on making and accumulating assets, rather than check stubs.