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Rich Dad Poor Dad

What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!
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( 648,184 ratings, 24,619 reviews)
Book Hero Magic crafted this summary to help describe this book. While it's new and still learning, it may not be perfect - your feedback is welcome! Summary
Rich Dad Poor Dad by Robert T. Kiyosaki is a personal finance classic that contrasts the financial philosophies of two different father figures: the author’s own educated but financially struggling father and his friend’s wealthy, financially savvy father. Through anecdotes and lessons from both figures, Kiyosaki imparts insights on financial literacy, wealth building, and the importance of investing for financial independence. The book encourages readers to challenge traditional mindsets about money to achieve personal and financial success.
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Format: Paperback / softback
$1999
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

You might enjoy this book if you're interested in transforming your financial mindset and learning about wealth-building strategies. The author contrasts the financial philosophies of two father figures, offering insights on investing, money management, and financial independence. Its straightforward approach makes it accessible and inspiring for those seeking personal development in financial literacy.

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Rich Dad Poor Dad

Includes an excerpt from the author's Rich dad's cash flow quadrant.

Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! Description

The groundbreaking book Rich Dad Poor Dad by Robert T. Kiyosaki offers readers a unique exploration into the contrasting financial philosophies of two influential figures in his life: his biological father, whom he refers to as his "Poor Dad," and the father of his best friend, his "Rich Dad." Through these two perspectives, Kiyosaki delves into the world of financial independence, revealing insights that challenge conventional beliefs about income and wealth.

At its core, the book elucidates that financial success is not reserved for those who secure high-paying jobs but rather for those who learn to make their money flow into wealth-building avenues. Kiyosaki shares how his Rich Dad taught him to view money as a tool for achieving financial freedom, as opposed to an end in itself. This powerful narrative exposes the misconception that earning a substantial salary is synonymous with achieving wealth. Instead, it advocates for having one's money work for them through smart investments and financial literacy.

The 25th Anniversary Edition brings a fresh perspective to the foundational concepts presented years ago. With Robert Kiyosaki's reflections, readers receive a modern assessment of how these principles have withstood the tests of time, amidst changes in global economics and investing landscapes. Through insightful sidebars and retrospective analysis, the book captivates a new generation of readers with its enduring relevance and urgent importance.

Within its pages, Rich Dad Poor Dad aims to spark a financial awakening, encouraging individuals to challenge longstanding beliefs and to redefine success by acquiring knowledge and financial acumen. The narrative proclaims:

  • It dispels the myth that riches are unattainable without a high income.
  • It questions the common assumption that a personal home is a definitive asset.
  • It emphasises the importance of financial education that supplements or even surpasses traditional schooling.
  • It clarifies the true definitions of assets and liabilities, providing clarity for financial planning.
  • It offers guidance on imparting essential financial principles to children, ensuring their future economic security.

With candour and foresight, Kiyosaki invites readers to delve into a world where financial literacy becomes the cornerstone of wealth and independence. Prepare for a provocative read that is both educational and transformative, a must-read for anyone eager to take charge of their financial destiny.

Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?

Rich Dad Poor Dad by Robert T. Kiyosaki receives praise for its engaging narrative, which introduces financial education through contrasting lessons from two father figures. Readers appreciate its simple explanations of financial principles, particularly the emphasis on assets versus liabilities. Some critics, however, argue that the book lacks detailed practical advice and leans heavily on personal anecdotes.

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Book Details

INFORMATION

ISBN: 9781612681139

Publisher: Plata Publishing

Format: Paperback / softback

Date Published: 19 May 2022

Country: United States

Imprint: Plata Publishing

Edition: 25th Anniversary Edition

Illustration: Illustrations

Audience: General / adult

DIMENSIONS

Width: 107.0mm

Height: 190.0mm

Weight: 0g

Pages: 336

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About the Author

Best known as the author of Rich Dad Poor Dad—the #1 personal finance book of all time—Robert Kiyosaki has challenged and changed the way tens of millions of people around the world think about money. He is an entrepreneur, educator, and investor who believes that each of us has the power to makes changes in our lives, take control of our financial future, and live the rich life we deserve. With perspectives on money and investing that often contradict conventional wisdom, Robert has earned an international reputation for straight talk, irreverence, and courage and has become a passionate and outspoken advocate for financial education. Robert's most recent books—Why the Rich Are Getting Richer and More Important Than Money—were published in the spring of last year to mark the 20th Anniversary of the 1997 release of Rich Dad Poor Dad. That book and its messages, viewed around the world as a classic in the personal finance arena, have stood the test of time. Why the Rich Are Getting Richer, released two decades after the international blockbuster bestseller Rich Dad Poor Dad, is positioned as Rich Dad Graduate School. Robert has also co-authored two books with Donald Trump, prior to his successful bid for the White House and election as President of the United States.

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