RICH DAD POOR DAD

Originally published: 1997

Authors: Robert Kiyosaki, Sharon Lechter

Page count: 207

Country: United States of America

Genres: Self-help book, Personal finance, Entrepreneurship, Investment, Economics

This is one of the best personal finance book of all time, which is written in very simple language. Everyone can follow the author without any professional training or specific understanding of the subject area.

Mr.Robert Kiyosaki narrates psychology of rich and poor in the perspective from two very different influences - his two fathers. One father (Robert's real father) was a highly educated man but fiscally poor. The other father was the father of Robert's best friend - that Dad was an eighth-grade drop-out who became a self-made multi-millionaire.

Kiyosaki’s two dads had opposing attitudes in thought. One dad recommended “study hard so you can find a good company to work for”. The other recommended “study hard so you can find a good company to buy”.

One said “when it comes to money, play it safe, don’t take risks”. The other said “learn to manage risk”.

One believed “Our home is our largest investment and our greatest asset”. The other believed “My house is a liability and if your house is your largest investment, you are in trouble”.

Both dads paid their bills on time, yet one paid his bills first when the other paid his bill last.

The lifelong monetary problems experienced by his poor dad pounded home the counterpoint communicated by his rich dad. Taking that message to heart, Kiyosaki was able to retire at 47.

Some people may have a different opinion about this book, but I strongly believe that this is one of the best book I ever read in self help genre category.

Others notable works from the author

·         

   Why We Want You to Be Rich: Two Men, One Message (1996) [co author Donald Trump]

·        Cash flow Quadrant: Guide to Financial Freedom (1998)

·        Papa Rico, Papa Pobre  (1998) [co author  Sharon Lechter ]

·        Increase Your Financial IQ: Get Smarter With Your Money (1998)

·        Becoming Rich...Without Cutting Up Your Credit Cards (2000)

·        Rich Kid, Smart Kid: Giving Your Child a Financial Head Start (2001) [co author  Sharon Lechter ]

·        The Business School (2001)

·        Who Took My Money?: Why Slow Investors Lose and Fast Money Wins! (2004) [co author  Sharon Lechter ]

·        Escape from the Rat Race: How to Become a Rich Kid by Following Rich ...(2005)

·        Before You Quit Your Job (2006) [co author  Sharon Lechter ]

·        Conspiracy of the Rich: The 8 New Rules of Money (2009)

·        Rich Brother Rich Sister: Two Different Paths to God, Money and Happiness (2009)

·        Business of the 21st Century (2010) [co author  John Fleming]

·        Why A Students Work for C Students: And B Students Work for the Government (2012)

·        Midas Touch: Why Some Entrepreneurs Get Rich-And Why Most Don't (2012) [co author  Donald Trump]