Personal Finance
Rich Dad Poor Dad
Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! is a 1997 book written by Robert T. Kiyosaki and Sharon Lechter
⭐ Overview / Summary
This book contrasts the financial teachings of Kiyosaki’s two father figures—his educated but broke “Poor Dad” and his entrepreneurial, wealthy “Rich Dad.” It focuses on building assets, escaping the rat race, and developing financial intelligence outside the traditional school system.
💡 Key Points
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The rich focus on assets, the poor focus on income.
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Schools teach academics, not financial literacy.
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The rat race keeps people stuck in work → spend → debt cycles.
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Financial independence comes from owning assets that generate cash flow.
🔍 Interesting Insight
The book breaks the myth that a high salary equals wealth. Wealth comes from what you keep and what you invest in, not what you earn.
📚 Lessons Learned
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Buy assets, not liabilities.
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Learn about money, investing, business, and tax advantages.
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Build cash-flow systems.
🎯 Who Should Read It?
Beginners, young adults, entrepreneurs, and anyone wanting a mindset shift.
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