Rich Dad Poor Dad -Robert T. Kiyosaki: Book Summary

Rich Dad Poor Dad
- Robert T. Kiyosaki

How does the rich man earn money?
Are successful people hiding such a secret from us?

The book Rich Dad Poor Dad was first published in 1997.
After that, there is a rush in the market to buy the book.
A few target copies were sold instantly.
A book that has ‎90,649 current reviews on Amazon,
has sold a million copies.

Author Robert T. Kiyosaki shows how a rich man increases
his wealth day by day, and a poor man loses everything
because of such a mistake?

My personal rating is for this book 4.8 out of 5.

Let’s start with an interesting story that is almost connected
with Robert T. Kiyosaki’s book “Rich Dad Poor Dad” story.

There is a popular story called “Golden Shovel” from the
“Gold Rush” era.
People were greedy for gold and used to search for gold day and night. Everyone had the desire to be rich.

Their behavior was normal, who doesn't want to get gold by
carving for free.
But is it so easy to meet the gold?
Day and night people used to forget to eat and drink,
and they would become lazy in search of gold.

Throughout the day only a handful would find their desired treasure.
But hard work brought luck.
From the surface it may seem that those who have toiled for gold are really smart and clever.
That is not the real story at all.

Right next to the gold mine, a group of people used to sell shovels
for digging. At the end of the day,
2 out of 100 people would get gold, but compared to that,
nothing compared to the profit of selling 100 shovels.
Indeed the shovelers became rich.
The book "Rich Dad Poor Dad" is written on this revelation.

“Rich People do not work hard, they play smart”

The book is a series of events in the life of author
Robert T Kiyosaki.
His father was a printing clerk with the highest university degree.

Robert's mind has no end of questions about why Robert's father lives a typical life like ‘After meat, comes mustard’
despite being at the highest level of education.

While searching for the answer to this question, he meets
the father of one of Robert's school friends,
who is also a friend of Robert's father.

Although Robert's friend's father and Robert's father
studied from the same place,
Robert's father is not happy with his life,
while Robert's friend's father is a millionaire.

Robert asks his friend's father for the answer to this question, Robert's friend's father puts Robert and his friend to work in one of his warehouses for very low wages without answering any questions directly.

His intention was to teach Robert through real life.
Robert gets his two fathers from there, Robert's friend's father is Rich Dad, and Robert's own father is Poor Dad.

Slowly coming to grips with real-life setbacks,
Robert realizes why his father is poor and his friend's father is rich.

After learning this real-life lesson, Robert uses his investments
in the right place to become a millionaire later in life
and achieve almost all of the American Dream.

Robert tells the story of his life in two volumes
of the book Rich Dad Poor Dad.
There are 6 chapters in the book.

That is-
1. Rich Don’t Work for Money.
2. Why Teach Financial Literacy
3. Mind Your Own Business.
4. The History of Taxes and Power of Corporations.
5. The Rich Invent Money.
6. Work to learn- Don’t Work for Money.

The most interesting thing to me is - Why Teach Financial Literacy?
All our people are educated and qualified, but not all are financially literate and able.

If most business students wouldn't be stuck in a 9-5 prison,
he wants to spread the word not just to business education,
but to everyone, especially Millennials, because they have a
bright future ahead of them.
Another thing he points out in the rest of the chapters is,

“Don't let money be smarter than you, if it is smarter, then money will drive you, if it is not money will run after you.”

And if you want to keep money behind you,
then first of all you need to know Financial Literacy.

The book not only talks about money but also teaches
to think well about money which is not taught in schools,
colleges and universities.

Moreover, some things like investments, expenses, assets,
and liabilities are illustrated through the medium of images which are enough to satisfy the reader's mind.

Many people think that those who are rich
never suffer losses in business,
their mistake is to read the book and hope to be broke,
not wanting to suffer losses in business is the same as wanting to go to heaven without dying.

If you want to be successful in life, you have to be Best Working or Best Selling.
Because of being the best-selling, Orkut is behind Facebook, Instagram is behind Snapchat.

To think about the negative aspects of the book,
I would say that the book is overly catchy and light in
some places which you may not understand just reading it,
but you will understand it after reading it for a long time.

There is no step-by-step investment in the whole book,
you can sort it out by reading the whole book,
and in some place’s education is belittled,
meaning that those who spend time behind education are all poor,
so education is never worthless.

Despite all this, I hope that those who want to get ideas
and inspiration about Financial Literacy will read the book,
because in several places
Robert has shown with his pen how he has profited by investing
with his talent and foresight.

Best Insightful Quotes from Rich Dad, Poor Dad by Robert T. Kiyosaki.

You can search on YouTube about “Rich Dad Poor Dad audio”
to listen what Kiyosaki Robert Said without reading.
But i think reading is an excellent habit.

You know

"A Book is a gift you can open

again and again"

Rich Dad Poor Dad -Robert T. Kiyosaki: Book Summary | Book Review & Summary