Introduction
“Rich Dad Poor Dad” book written by “Robert T Kiyosaki” was first published in 1997. Rich Dad Poor Dad is one of the book which was first published in early days on financial education. Here, in this article we will review the book and we will share an honest and open views on the book. This book educates about finance and how to shape financial future. Its been 25 years and people are still liking the and Rich Dad Poor Dad book. It contains 9 chapters which educates people about money and financial future planning.
The author “Robert T Kiyosaki” is an entrepreneur and investor. He like to educate people about finance. Robert is one of the founders of The Rich Dad Company. The Rich Dad Company is a financial education company and creator of the CASHFLOW games.
About the book
Rich Dad Poor Dad is one of the best selling books on Finance education. Robert, the author of the book, has shared his personal financial journey & experiences which are helpful to if not a billion then at least a million of people. This book is basically based on the thought process of a person which makes their fortune. It’s not only the hard work & dedication but the thought process of a person decides their financial destination. The different 9 chapters of the book explain the stepwise process to improve the thinking and to act to create your healthy financial future. It will make you rethink about your current saving/expenditure habit and future planning.
Key points of the book
- Chapter 1 “The Rich Don’t Work for Money” explains, the poor and middle class work for money. The rich have money work for them
- Why Financial literacy is important is very well explained in Chapter 2 “Why Teach Financial Literacy“
- Chapter 3 “Mind Your Own Business” explains, the rich focus on their asset columns while everyone else focuses on their income statements
- “The History of Taxes and The Power of Corporations” is Chapter 4, which explains about taxes and corporations
- “The Rich invent money” is the 5th Chapter which explains “Often in the real world, it’s not the smart who get ahead, but the bold“
- The most important lesson of the life for everyone is “Work to Learn-Don’t work for money” is Chapter 6
- Chapter 7 “Overcoming Obstacles” teaches the Primary difference between a Rich person and a Poor person is how they manage fear
- There are gold everywhere, Most people are not trained to see it is explained in chapter 8 “Getting Started“
- Chapter 9 is some To Dos for everyone to be financial literate
Conclusion
I have realized after reading the book that, this book is more relevant for Western countries as the Tax systems, Govt policies which are mentioned in the book might not be realistic for Asian and/or African countries. I personally believe, this book is more beneficial for US, UK and/or Europe and not the Asian or African countries. There are many other good books on financial education than Rich Dad Poor Dad in Asian or African countries. You could purchase this book on amazon.
Disclaimer: The above mentioned details are solely my views after reading the book. It not intended to hurt anyone. Any relation with this article will be purely co-incidence. This article is NEITHER SPONSORED & NOR ENDORSING anyone. The link mentioned here are an affiliate link. If you’re interested in reading this one along with me, buying it through the affiliate link is a great way to support me!
Other Topics
- Book Review: “The Psychology of Money” by Morgan Housel
- Book Review: “Let’s Talk Money” by Monika Halan
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