Motivational speaker
InvestorBusinessman
Radio personality.
Self-help author
Robert T. Kiyosaki1 2
He's the founder of the Rich Dad Company.
He has an estimated net worth of $80 million.
3 4
The book is the story of a boy who has two fathers:
Both fathers taught the author how to achieve success but with very
different approaches
Biological fatherThe poor dad
Friends fatherThe rich dad
Poor dad believed in the traditional principles of:
Character SummaryPoor dad
Working hard Saving money
Not buying material things that one cannot afford
Character SummaryPoor dad Poor dad looks to education as the
passport to success.
He held a Doctorate degree
Went to an Ivy league university
But he always struggled financially
His poor dad worked hard incessantly but somehow never made it ahead financially
Character SummaryPoor dad
Character SummaryRich dad Rich dad only studied till the 8th
grade
Rich dad was very street smart
Character SummaryRich dad
The author was nine years old that he started realizing that his rich dad made much more sense than his poor dad. It was from rich dad that the author
learned not to say,
“I can’t afford it”
“how can I afford it?”
but instead to ask
• His rich dad, was very skilled in the investment game • of his rich dad about money was manifested in the saying “the lack of money is the root of all evil” (his poor dad, on the other hand, believed that the love of money is the root of all evil).• According to the author, rich dad also nurtured the idea that taxes punished producers and rewarded the non-producers. He was the type who encouraged money talk at the dinner table and was portrayed by the author as someone who learned to manage risk, instead of not taking risks.
While his poor dad invested time and effort in education.
He did not have any knowledge on investing.
• The author adds that while his poor dad invested time and effort in education, he did not have any knowledge on investing. His rich dad, by contrast, was very skilled in the investment game because that’s all he did. The attitude of his rich dad about money was manifested in the saying “the lack of money is the root of all evil” (his poor dad, on the other hand, believed that the love of money is the root of all evil).• According to the author, rich dad also nurtured the idea that taxes punished producers and rewarded the non-producers. He was the type who encouraged money talk at the dinner table and was portrayed by the author as someone who learned to manage risk, instead of not taking risks.
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