Rich Dad Poor Dad by Robert Kiyosaki Book Summary and Review

Show notes / Rich Dad Poor Dad has been called the number one personal finance book of all time. Robert Kiyosaki illustrates the mindsets and beliefs that define those who become wealthy.

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StoryShots Summary and Analysis of Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert Kiyosaki and Sharon Lechter

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Disclaimer: This is an unofficial summary and analysis. Please consult a professional before making any financial decisions.

About Robert Kiyosaki

Robert Kiyosaki is an American businessman who founded Rich Global LLC and the Rich Dad Company. The latter focuses on private financial education through the mediums of books, videos, and speeches. He is also the author of over 26 books, including the best-seller Rich Dad Poor Dad (which sold over 41 million copies worldwide).

 

Introduction

Rich Dad Poor Dad has been called the number one personal finance book of all time. Robert Kiyosaki illustrates the mindsets and beliefs that define those who become wealthy. He contrasts these mindsets with those who are poor. In this book, Robert’s example of a poor man was his dad, while the rich man was Robert’s financial mentor. Robert’s father was a genius, while his mentor didn’t even finish eighth grade. The only meaningful difference was their mindset. 

StoryShot #1 - We All Need Financial Education

Financial literacy is extremely rare. The vast majority of students will leave school with zero financial skills. They will have developed knowledge that will help them pursue a specific profession but won’t know how to keep the money they make. They will have learned how to make some money but have no idea how to spend their money. Earning money only amplifies the cash flow pattern in your head. Financial literacy helps you control this cash flow pattern.

StoryShot #2 - The Difference Between the Rich and Poor

StoryShot #3 - Change Yourself

StoryShot #4 - Use Accounting to Keep Your Money

StoryShot #5 - How Taxes Have Benefited the Rich

First published on 24 Apr 2021.

 

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