Rich Dad Poor Dad: What the Rich Teach Their Kids About Money—That the Poor and Middle Class Do Not!
by Robert T. Kiyosaki
View on GoodreadsJohn T. Reed called much of its advice wrong and bad, Slate's Rob Walker called it nonsense, and whether rich dad existed has long been questioned. That said, the parable is simple: Kiyosaki's educated father never got financially secure, and his best friend's father taught him a salary won't make you wealthy.
Core ideas
- Assets, not paychecks: You build wealth by having money work for you through assets, not by working for money, and he draws a hard line between assets and liabilities.
- The missing curriculum: Financial literacy means accounting, investing, markets and tax, and in his view formal schooling teaches you none of it.
- Own something: Business ownership and real estate investing are the routes to financial independence he promotes, written with co-author Sharon Lechter.
Published1997
Pages195
ISBN9780751532715
ReadOct 2019
