Summary
The book is largely based on Kiyosaki's upbringing and education in Hawaii. It highlights the different attitudes to money, work and life of two men (i.e. his titular "rich dad" and "poor dad"), and how they in turn influenced key decisions in Kiyosaki's life.
Among some of the book's topics are:
- Robert Kiyosaki's personal story
- The difference between assets and liabilities
- What the rich teach their kids about money that the poor and middle class do not
- The idea that your house is not an asset, unless you are using it to produce revenue
- The value of financial intelligence and financial literacy
- How corporations spend first, then pay taxes, while individuals must pay taxes first
- How corporations are artificial entities that anyone can use, but the poor usually do not know how
- The importance of investing and entrepreneurship
Kiyosaki advocated Dr. Buckminster Fuller's views on wealth, that wealth is measured by the number of days the income from your assets can sustain you, and financial independence is achieved when your monthly income from assets exceeds your monthly expenses.
Read more about this topic: Rich Dad Poor Dad
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