This method easily conveys some otherwise complex ways to handle money.Īrguably the best thing about Rich Dad Poor Dad is that it imparts the kind of ideas that our education system doesn’t. Kiyosaki has used simple language and easy-to-understand flowcharts to explain the concepts. At the same time, the author also advises the readers to be patient and build business over time, while also explaining the importance of passive income. He also emphasizes the need to invest in oneself to boost their financial acumen. He actively encourages his readers to invest in assets, instead of accumulating liabilities. Kiyosaki has shared six important lessons that can help everyone improve their knowledge about how to manage their finances. The biggest takeaway from the book is that you don’t have to have an astronomically high income to be rich. The book is about the author’s two dads, explaining how his real father (the poor dad) and his friend’s father (the rich dad) shaped his financial knowledge. Rich Dad Poor Dad comprehensively destroys several myths about the lifestyle of the wealthy. The book has sold over thirty-two million copies in more than fifty-one languages across over 109 countries. Kiyosaki is especially well-known for his book Rich Dad Poor Dad, which he authored in 1997.
The game was meant to make investments entertaining. In 1996, Kiyosaki and his wife, Kim, launched a board game called Cashflow. Kiyosaki is the author of twenty-seven books, including two books he co-authored with Donald Trump. He is the founder of The Rich Dad Company, a private financial education company that coaches people through videos and books. Born in 1947, Robert Toru Kiyosaki is an American businessman, entrepreneur, and author.
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