Rich Dad Poor Dad by Robert Kiyosaki and Sharon Lechter is a bestselling personal finance book written to help people learn how to better manage their money and make better financial decisions. The book has sold over 32 million copies and is a popular choice among financial advisors and personal finance enthusiasts.
The book is essentially about Kiyosaki’s two very different father figures, one his real father (poor dad), and the other his friend’s father (rich dad). Through the lessons Kiyosaki learns from both rich and poor dads, he illustrates how to manage money, how to invest wisely, and how to create wealth.
The book’s main message is that financial literacy is essential for anyone aspiring to financial freedom. Kiyosaki explains that one’s financial education must come from experience, learnings, and mistakes. Kiyosaki also emphasizes the importance of asset building and the dangers of liabilities, or things that consume money.
The book is written in an easy to read, conversational style that ensures readers stay engaged. Kiyosaki also provides multiple examples of ways to invest and create passive income, as well as strategies to successfully manage debt.
Overall, Rich Dad Poor Dad is an invaluable resource for anyone looking to get started on their financial journey. Kiyosaki shares practical advice and real-life examples that make it easy to understand and apply. He also breaks down complex financial concepts into understandable terms.
The book isn’t without its flaws, however. Some readers may be turned off by the frequent mention of Kiyosaki’s real estate investments. Additionally, the book doesn’t really focus much on budgeting, which is essential for financial success. Nonetheless, Rich Dad Poor Dad is still one of the most popular personal finance books of all time. Most readers will find valuable advice on money management, investing, and creating wealth. The book can be a great starting point for anyone looking to build a secure financial future.