Book Review for Robert Kiyosaki’s “Rich Dad Poor Dad”
“Rich Dad Poor Dad” is a personal finance book by Robert Kiyosaki that explores the differences in mindset and approach to money between his “rich dad” and “poor dad”. Through his own experiences, Kiyosaki emphasizes the importance of financial literacy and teaches readers how to create multiple streams of income, invest in assets that produce income, and take calculated risks to achieve financial freedom. The book encourages readers to challenge traditional assumptions about work and investing, and to seek out financial education and mentorship to achieve their financial goals. It is a must-read for anyone looking to improve their understanding of money and achieve financial success.
Here are 10 points summarizing the book:
- The book is a memoir that tells the story of Kiyosaki’s upbringing and how his “rich dad” (his best friend’s father) taught him valuable lessons about money and investing.
- The book compares Kiyosaki’s “poor dad” (his biological father) who had a traditional approach to money and work, with his “rich dad” who had a more entrepreneurial and innovative approach.
- The book emphasizes the importance of financial literacy and the difference between “assets” and “liabilities” in building wealth.
- The book encourages the reader to think differently about money and to challenge traditional assumptions about work and investing.
- The book teaches the importance of cash flow and how to create multiple streams of income.
- The book stresses the importance of investing in assets that produce income, such as rental properties and businesses.
- The book promotes the idea of starting a business or investing in real estate as a way to achieve financial freedom.
- The book highlights the importance of taking calculated risks in order to achieve financial success.
- The book encourages readers to change their mindset and attitude towards money.
- The book concludes by encouraging readers to seek out financial education and mentorship in order to achieve their financial goals.
This is my number one recommendation for a book if you’re looking to change your mindset about money. You can purchase it on Amazon by clicking here.