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Written by Robert Kiyosaki and Sharon Lechter in 1997, Rich Dad Poor Dad is based mostly on Kiyosaki’s young days spent in Hawaii. Enriched by Kiyosaki’s personal experience and the teachings he received from his rich dad and poor dad, the book highlights different attitudes towards money, work and 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.
Described as a personal finance book, it has not only challenged, but has also changed the way people think about money. The book talks about Kiyosaki’s background, his business ventures and investments and variation between possessions and liabilities and what importance they both have in terms of starting and owning a business. It also sheds light on the teachings given by rich to their kids, which is usually missed by poor as well as the middle class parents and why it is important to have financial literacy over and above all.
It also provides impetus on doing work for learning and not for earning and teaches the importance of investing and building business. This path-breaking book also showcase how one must be prepared to take action and risk and communicates the idea of how one’s primary residence is a liability and not an asset. It communicates the importance of intelligence and literacy in terms of finance and how financial and entrepreneurial skills play a vital role in the success. How to use power and prosper with the help of investment skills and why it is important to possess investment skills are also written in clear and crisp words in this book.
The book also talks of the importance of investment and free enterprise and urges the prospective investors and businessmen to learn from others, especially from rich people and generate new ideas to excel and succeed in life.
Originally published in 1997, it was also selected commercially. Termed as New York-Times bestseller, the book has been a boon for management and financial aspirants. About the Authors
A successful American businessman, motivational speaker, radio personality and self-help author, Robert T. Kiyosaki wears many hats. A well-known writer who can inspire readers with his words, his book Rich Dad Poor Dad advocates the importance of financial independence and is arguably based on his own life.
- Mass Market Paperback: 274 pages
- Publisher: Perseus Books Group; First Edition edition (16 August 2011)
- Language: English
- ISBN-10: 1612680011
- ISBN-13: 978-1612680019
- Product Dimensions: 10.8 x 0.6 x 17.8 cm
I recommend this book be read as curriculum in school
I made almost every financial mistakes mentioned in this. I wish I read this book much earlier. Managing personal finance is very important, we simply tend to copy what our parents did and end up running into same financial problem our parents encountered.
Let money work for you
Great book with great thoughts. I had no idea about the types of income. I am grateful to my friend who suggested me this book and out of nowhere I become interested in investment. I always thought this is something I am not capable of. Only students with commerce background can be investor. But after reading this book I got this confidence that I can also be an investor and most importantly I have understood the importance of it.
Great Insights for lifetime
This entirely changed my perspective about money and it resonated my ambitions to be financially independent. There were very important take aways from this book regarding your outlook and some interesting examples. It won’t tell educate you much on finances but yes it will give you a perspective why its important to understand money
One of the best books i read
Best for why to invest.
Every student who is in his collage should read this. It might make them aware of the tempting advertising and make them more practical. This book will teach how to invest, what is the best time, what to see before investing, and more importantly why to invest. If you start this book you will realise what are the inflation rate and how there money in the bank is not enough for their future. It is the best book. And it will be a best gift for teenage.
A must-read for everyone regardless of age
Excellent book. It’s a must-read for everyone regardless of age.
Item as mentioned in the description. An original mass market copy and not the Xerox as most of sellers do.. the latest 20th anniversary edition, Full marks to the seller.
The BEST financial intelligence book
I read this book 3 years back and since than have grown my finances slowly and steadily step by step.
This is probably the best financial book one can get
This is probably the best financial book one can get. It gives you a very clear idea about how money is generated and how you can make it work for you. The line “Don’t work for money, Let the money work for you” is so true. I was not much into this financial stuff until I read this book. I can definitely say it changed my life and the way I look at money. This book is not only about money. It’s about how we are taught to think; how we are programmed by schools, family, and friends/peers to look at the rich as greedy and opportunities as risks. It is about changing our mindset towards the way we handle our finances – to look at why we do what we do, how and why do we end up spending our hard earned money in luxuries and other stuffs, and how to handle them in a better way. A must read for everyone to manage your life and finances in a smarter way!