The overarching theme of Rich Dad Poor Dad is how to use money as a tool for wealth development. It destroys the myth that the rich are born rich, explains why your personal residence may not really be an asset, describes the real difference between an asset and a liability, and much more.
What is the Rich Dad, Poor Dad philosophy?
“Poor dad” believes that one should work for money as a single-salaried employee at a stable job, and that a person’s wealth largely depends on their family background. He believes that the most important things you can do to financially survive (or accumulate wealth) is to read and learn from successful people.
Is Rich Dad Poor Dad good financial advice?
We’ve got to stop recommending Rich Dad Poor Dad as a good book on finance. Getting into loads of debt can get you in trouble. Investing all your money in one asset is incredibly risky. Buying gold isn’t guaranteed to protect you from recessions as we learned in the 2020 stock market crash.
What lesson S did the rich dad teach Robert When offered him more money?
The main lesson he taught in the office that day was that Robert could either end up like his employees who blame others for his problems, or he could take another path and become a wealthy man. Rich dad had suggested that the two boys find a new way to make money outside of working for someone else.
My Life Changed After Reading Rich Dad Poor Dad
Rich Dad Poor Dad (FULL Summary) | Robert Kiyosaki
Rich Dad Poor Dad: The WORST Book on Personal Finance