Book Review : Rich Dad, Poor Dad

Author : Robert T. Kiyosaki

To be a millionaire or billionaire you don’t necessarily need to have a degree. Hard work in your 9 to 5 job will never make you rich. Maybe one need to work hard, not in the job but in financial knowledge and investments.

This book is about a person who has two fathers: the poor dad & the rich dad. Both of them have different approaches about financial success. The author compares both his fathers, their views, practices and ideas.

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First lesson taught here is to improve financial literacy. All of us go for good grades in the schools and later, a job in a good company. But we never bother about financial knowledge which is never taught in the schools.

Major lessons in the book :

  • The Rich Don’t Work for Money
  • Learning Financial Literacy
  • To 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

Read the book to learn all these lessons taught to Robert Kiyosaki by his rich dad.

The Good :
This book is a wake up call for most of the people and I am sure this book will encourage you to start learning about finance. taxes and money management

The Bad :
Everything written in the book is positive and the author has hardly mentioned any risk associated with entrepreneurship.

One comment

  1. I remember reading this shortly after it was published, way back “in the day.” It’s been interesting to watch some of the things he predicted (the end of traditional pensions, the drain on social security) come true.

    Liked by 1 person

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