by Robert T. Kiyosaki (Author)
It's been nearly 25 years since Robert Kiyosakis Rich Dad Poor Dad first made waves in the Personal Finance arena.It has since become the #1 Personal Finance book of all time... translated into dozens of languages and sold around the world.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.20 Years... 20/20 HindsightIn the 20th Anniversary Edition of this classic, Robert offers an update on what weve seen over the past 20 years related to money, investing, and the global economy. Sidebars throughout the book will take readers “fast forward” — from 1997 to today — as Robert assesses how the principles taught by his rich dad have stood the test of time.In many ways, the messages of Rich Dad Poor Dad, messages that were criticized and challenged two decades ago, are more meaningful, relevant and important today than they were 20 years ago.As always, readers can expect that Robert will be candid, insightful... and continue to rock more than a few boats in his retrospective.Will there be a few surprises? Count on it.Rich Dad Poor Dad...• Explodes the myth that you need to earn a high income to become rich• Challenges the belief that your house is an asset• Shows parents why they can't rely on the school system to teach their kids about money• Defines once and for all an asset and a liability• Teaches you what to teach your kids about money for their future financial successRich 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.20 Years... 20/20 HindsightIn the 20th Anniversary Edition of this classic, Robert offers an update on what weve seen over the past 20 years related to money, investing, and the global economy. Sidebars throughout the book will take readers “fast forward” — from 1997 to today — as Robert assesses how the principles taught by his rich dad have stood the test of time.In many ways, the messages of Rich Dad Poor Dad, messages that were criticized and challenged two decades ago, are more meaningful, relevant and important today than they were 20 years ago.As always, readers can expect that Robert will be candid, insightful... and continue to rock more than a few boats in his retrospective.Will there be a few surprises? Count on it.Rich Dad Poor Dad...• Explodes the myth that you need to earn a high income to become rich• Challenges the belief that your house is an asset• Shows parents why they can't rely on the school system to teach their kids about money• Defines once and for all an asset and a liability• Teaches you what to teach your kids about money for their future financial success
Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki is a personal finance book that challenges conventional wisdom about money and investing. The book argues that the rich teach their children about money in a way that the poor and middle class do not, and that this difference in education is the key to financial success.
The book is divided into nine chapters, each of which covers a different aspect of personal finance. These chapters include:
- Rich Dad, Poor Dad
- The Rich Don't Work for Money
- Why Teach Financial Literacy?
- Mind Your Own Business
- The History of Taxes and the Power of Corporations
- The Rich Invent Money
- Work to Learn, Don't Work for Money
- Overcoming Obstacles
- Getting Started
In the book, Kiyosaki argues that the rich teach their children about money in a way that the poor and middle class do not. He says that the rich teach their children to be financially independent, to invest in assets that generate income, and to use debt to their advantage. The poor and middle class, on the other hand, teach their children to work hard for money, to save money, and to avoid debt.
Kiyosaki argues that this difference in education is the key to financial success. He says that the rich are able to accumulate wealth because they understand how money works, while the poor and middle class are unable to accumulate wealth because they do not understand how money works.
Rich Dad Poor Dad has been praised for its insights into personal finance and for its challenge to conventional wisdom about money. However, the book has also been criticized for its simplistic view of personal finance and for its promotion of risky investment strategies.
Despite the criticism, Rich Dad Poor Dad remains a popular book on personal finance. It has been translated into over 50 languages and has sold over 32 million copies worldwide.